Telos startup has introduced TelosTask peer-to-peer platform on its blockchain. The platform was created to find work as freelancers during a pandemic.
TelosTask development team leader Destiny Marshall announced that the platform will operate on the Telos blockchain. Telos is a fork of the EOS project and runs on the EOSIO software.
According to the principles of work, the TelosTask service will not differ from ordinary exchanges for finding remote work. Customers will be able to form various tasks for writing articles, graphic design, video editing, etc. Customers will have the opportunity to directly communicate with performers and coordinate their work, while all information about their interaction will be stored in the blockchain.
Marshall hopes TelosTask will help people solve the unemployment problem and more easily overcome the economic downturn and isolation during the pandemic, as people need additional sources of income. An escrow system will be used to make secure automatic payments on the platform. In addition, the use of smart contracts will guarantee timely settlements and fair remuneration for the work performed.
Telos is not the only project using the power of blockchain to solve social problems. Last year, bitJob launched the Ethereum blockchain-based job search platform. The Freelance for Coins platform has also appeared, allowing freelancers to receive payments in various cryptocurrencies.
According to a study by Humans, conducted two years ago, 29% of 1,100 surveyed American citizens who work remotely are willing to accept payments in cryptocurrencies. However, given the rapid development of the cryptocurrency industry, this figure can be much higher today.