A recent study on freelancing in America estimates that 57.3 million Americans are freelancing (36 percent of the U.S. workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30% since last year. Full study results are available here.

Most notable findings reveal:

Freelancers are better prepared for the future — As work changes, 54 percent of the U.S. workforce said they’re not very confident that work they do will exist in 20 years. Reskilling is therefore critical. 55 percent of freelancers participated in skill-related education in the last six months versus only 30 percent of non-freelancers.

— As work changes, 54 percent of the U.S. workforce said they’re not very confident that work they do will exist in 20 years. Reskilling is therefore critical. 55 percent of freelancers participated in skill-related education in the last six months versus only 30 percent of non-freelancers. The majority of the U.S. workforce will soon freelance — At its current growth rate, we will reach this milestone by 2027 .

At its current growth rate, . People are increasingly freelancing by choice — Asked whether they started freelancing more by choice or necessity, 63 percent of freelancers said by choice — up 10 points (from 53 percent) since 2014.

— Asked whether they started freelancing more by choice or necessity, 63 percent of freelancers said by choice — up 10 points (from 53 percent) since 2014. Stability is being redefined — Freelancers increasingly think that having a diversified portfolio of clients is more secure than one employer (63 percent agree, up 10 points since 2016) and have an average of 4.5 clients per month.

— Freelancers increasingly think that having a diversified portfolio of clients is more secure than one employer (63 percent agree, up 10 points since 2016) and have an average of 4.5 clients per month. While finances are a challenge for all, freelancers experience a unique concern — income predictability. The study found that, with the ebbs and flows of freelancing, full-time freelancers dip into savings more often (63 percent at least once per month versus 20 percent of full-time non-freelancers).

However, finding a steady flow of work, unaffected by huge fees and commissions can be quite difficult in the current state of the market. In fact, industry leaders, such as Upwork, Fiverr, Freelancer, Amazon’s Mechanical Turk charge middlemen transaction fees, hence affecting the amount of profit freelancers make.

Solution

The problem lies with the high number of expensive middlemen facilitating transactions. To bring a fix to this issue and improve the freelancer market, Accept.io has kicked off the integration of Blockchain technology with freelancing platform.

Accept.io is a decentralized online marketplace where service providers can connect with customers and send and receive payment via cryptocurrency. The blockchain platform permits sellers to interact with employers directly — a truly peer to peer (P2P) experience, unlike the veiled systems at Upwork and others.

The platform is a decentralized exchange where consumers and users are able to connect directly, effectively outsourcing the corporate intermediary who hosts agreements. This produces increased transparency and reduced cost.

On the distributed database system, freelancers can list, promote, and sell services at the price of their choosing. They can select from a wide scope of fee structures, including single transactions and continuing platform agreements. Accept.io’s protocol is based upon true meritocracy — better freelancers will receive greater visibility and opportunity, which incentivizes good business and reduces false claims.

Employers, too, can sift through services and select those that best suit them. They have the choice to purchase single-event services (car repair), or extended ongoing maintenance programs like nannying or tutoring services.

Accept Market benefits

Accept.io Market will likely change the way people throughout the world earn money online. Some of the main benefits associated with the platform include:

An engaging gamified user experience supported by Blockchain technology

A global platform introduced that will fulfill the need of work for over four bln people

Continued opportunity growth for freelancers

non monetary transactions with no fees

faster settlements than traditional platforms

platform for the unbanked — easy to join and start using the platform even for the unbanked population

innovative dispute resolution within community with built-in incentives

tokenizing reputation giving it real monetary value

FULC Token Crowdsale

Accept.io is holding a private pre-sale of their utility token — FULC crowdsale, currently in progress.