It’s safe to say that technical innovation over the past few decades has been shocking. How businesses grow is being transformed every few years by changes in computing, mobile devices and digital media. These innovations seem to have been sparked by individuals or small teams. Apple, HP and Facebook are more frequently cited examples, however even within large organizations and the military revolutions are started by one person or a small team focusing on providing solutions to a problem.

According to Merriam-Webster’s dictionary, “crowdsourcing is the practice of obtaining necessary services, ideas or content by soliciting contributions from a large group of people, especially from the online community rather than from traditional employees or suppliers”. I’ve always said to my colleagues that crowdsourcing is really about passions, skills and tangible resources coming together aided by high tech platforms. Thanks to social networks and the growing inter connectivity; it is easier now than ever for individuals or businesses to communally contribute ideas, time, know-how or funds to a project or a cause. This joint mobilization is called Crowdsourcing.

Crowdsourcing is one support service that is overturning the way business is done, mostly by closing the gap between hyperconnectivity and the ideas that hinge on it. Crowdsourcing also has the additional benefit of involving the customers directly and getting them invested in your products or services. A great example of a crowdsourcing approach in a business model is Mobile Forms’ CrowdForce business model. CrowdForce’s business model allows for businesses to expand their reach, using our platform for different services (micro services and micro tasks). For business owners who have signed up on our platform, the benefit is exposure to an increased customer base including people in hard to reach areas. This crowdsourcing approach allows you to go straight to the market with your design brief and invite a whole community of business owners to sign up on your platform.

Our core mandate here at CrowdForce is to consistently provide access to financial services for people that are outside the standard financial sphere. Essentially we provide access to financial services through our network of trusted agents to the ‘unbanked’ and the ‘underbanked.’

Payments across borders or geographic location have typically been a challenge irrespective of business size. This has hindered a lot of business from effectively performing transactions, whether you are trying to place orders online or receive payments from an international client or pay international workers. Our new platform has adequately addressed this challenge by easing off the burden of cash transactions from business owners by facilitating crypto payments instead, even for those who do not necessarily have the access to the crypto platforms.

Through this solution CrowdForce is making it possible to pay for goods in real time without the exchange of physical legal tender. Because of the distributed and safe nature of blockchain, payments for goods from distant buyers and partners becomes easier and faster. You can expect these forms of payment to leap onward as more heavy hitters get on board — like American Express, who recently announced real-time B2B cross-border payments backed by blockchain technology.

It is safe to say that crowdsourcing as a whole is now intensifying and heading towards the mainstream. In addition to financial products and services, crowdsourcing is providing solutions across other platforms and challenging old centralized models. Rapid advances are been catalyzed by crowdsourcing and decentralization in crowd innovation, micro-tasking, co-creation and the sharing economy. This is happening faster than most businesses and governments are prepared for, the future of everything is dependent on crowdsourcing. It is set to change the way we conduct business, gather information, make payments and much more.