The freelancing economy is growing exponentially, and the market is wide open for new blockchain-based projects to help freelancers and clients connect with each other. Zoom, a project management and outsourcing platform, aims to use blockchain technology to enable business relationships, project planning, and secure payments.

The Zoom platform will use a proprietary blockchain ID system to connect freelancers with virtual companies. Its goal is to maximize security and transparency to help create an ecosystem capable of supporting multi-stage and multi-stakeholder projects.

Unprecedented Growth in the Gig Economy

The gig economy refers to a fast-growing subset of the employment market made up of temporary and freelance workers. Currently, more than a third of the American workforce (as many as 55 million people) are working as freelancers, and this represents the highest number of record.

The rapid growth of the gig economy has created an opportunity for blockchain-based projects the market’s growing needs.

How Does Zoom Work?

Zoom is a blockchain-based platform that aims to build an ecosystem for freelancers and clients to connect with each other. It will come with an employment portal to allow companies and individuals to posts projects and request freelancers who have profiles on the network. The profiles will come with relevant information about each freelancer, including their skills, experience, and availability for work.

The platform will have a milestone infrastructure that separates contacts base on their difficulty. It will also have a tribunal system, complete with a jury structure to resolve conflicts between freelancers and their clients. In terms of security, the platform will have an ID system to confirm the identities of employees and employers to keep track of work history and prevent fraud.

Zoom will come with a utility token that will be fully integrated into the platform’s ecosystem. The asset will be an Ethereum-based ERC20 that will be used to purchase services and access features on Zoom.

The Future of the Zoom Platform

Zoom isn’t fully operational yet. But its developers expect to be able to bring on freelancers shortly. Plamen Nedyalkov, the CEO of Zoom, says

“We do have several partners that will be on-boarded to the platform at launch, and that are helping us figure out the needs and challenges of different user groups.”

Zoom’s ICO is scheduled for late October or early November of this year, and the crowd sale will have a hard cap of $24.5 million.