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The Relevance of Smart Quorum in the Freelancing Industry

BanelockeJun 27, 2018, 7:11:00 AM

Freelancers are expected to dominate the labor sector in the next decade. An annual report revealed that 36% of the American workforce, equivalent to 57.3 million, are freelancers with different fields of expertise, including web design, content writing, transcription, virtual assistance, customer care management, bookkeeping, and the list can go on. The contribution of the freelance industry to the American economy in 2017 amounted to an astounding $1.4 trillion. Given the relevance of this growing employment sector, Smart Quorum comes to life to serve the need for a more secure transaction between the client and the freelancer.

What is Smart Quorum?

Smart Quorum is a digital marketplace for the development, maintenance, and audit of smart contracts for businesses, both big and small, and professionals. The rise of blockchain technology will more likely result in an increased demand for smart contracts. In 2017, a total of 411.5 million USD was generated by the blockchain technology. In 2022, the revenue will increase to 7683.7 million USD, according to experts. Likewise, the value of smart contracts will reach 300 million in 5 years. This should be greater especially that the rising freelance industry involves business aspects like financial negotiations, timelines, and ex-deals which may require smart contracts for security reasons.

Smart Quorum answers the need for a reliable and accessible community of crypto developers and auditors. Insofar, no platform has provided a holistic approach to blockchain development and audit services that is merit-based and token-based.

Merit-based – The first and foremost problem when hiring for developers is credibility. Because developers, either freelancers or groups, are widely dispersed all over the world, clients do not have an access to all their portfolios and compare them at once. Smart Quorum offers an innovative solution that involves an entire community of experts and 3rd parties that objectively audit and evaluate technical and behavioral aspects of developers and their projects.. This serves as an impartial feedback mechanism, which adds value to clients since other similar applications only evaluation developers’ work via voting system that is prone to fraud.

Token- based – Unlike other apps, Smart Quorum uses a Smart Quorum coin (SQI) which becomes an income generating source. This helps sustain the platform financially and assure its existence long-term wise.

Smart Quorum for Freelancers

Smart Quorum is a peer-to-peer network made for freelancers by freelancers. While it targets businesses, it also positively impacts freelancing professionals. Freelancers may also need smart contracts in the execution of agreements with clients, especially big clients. In this case, they can easily use Smart Quorum to post a project, including its budget and specifications, and filter accepting developers according to credibility, track record, cost-effectiveness, and other criteria. Once a choice has been made, clients may continue liaising with the developer through the platform. They may also perform a background check based on the audit findings. Smart Quorum, after all, is an end-to-end marketplace, covering project bidding to payment.

Freelancers who are developers also reap benefits from this secure and reliable application. Now, they have a professional online community to display their portfolios, reach a wider client base, and strengthen their personal brand identity. Smart Quorum is, indeed, professionalizing the blockchain development industry by exposing fraud developers and giving high rates to ethical and competent developers. In the long run, this will increase the profitability of the freelancing business.

Since Smart Quorum is in itself a blockchain technology, the clients, developers, and auditors are guaranteed incorruptible transactions and agreements executed within the platform. Smart Quorum is a valuable tool that protects the money of both the client and the developer. Note that the creation of smart contracts is costly to clients and the freelancers’ income can be seasonal that investing time and resources on a project can also be costly.

TokenSale Details

Using SQR corresponds to a host of discounts and privileges, besides its original purpose of availing development and audit services. Buyers of coins are encourage to get whitelisted in order to become updated with the perks, as well as sale updates. Some information relevant to token purchase are as follows:

Maximum supply : 25, 000, 000

Premined : 1, 000, 000 (5%)

First POS Block : 100

Block Time : 60 seconds

Max Block Size : 3 mb

Stacking Age: 4 hours

Masternode Price : 3000 SQR

Reward Distribution

0 to 132480 block reward = 4.5 SQR

132480 and above = 0.2 SQR

Get the latest details and in-depth information of this ICO and platform through their whitepaper, website and official social media pages here:

Whitepaper: https://smartquorum.com/download/WhitePaperSmartQuorum.pdf