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Advances in technology have increased the independent workforce to approximately 162 million people or 20-30% of the working-age population in US and EU-15. Furthermore, 1 in 6 workers that participate in traditional jobs would like to join the gig economy.
Blok is designed to replace the outdated hierarchical workforce model, leading the charge to a productive, modern, and agile workforce. Blokpreneurs can browse all of the offer provided by companies, assign relevant offers to themselves, mark them as complete and get paid in BLK tokens. Blok uses smart contracts to eliminate friction regarding time, cost, quality, and transparency in matching workers and employers.
Blok is designed to replace the outdated hierarchical workforce model, leading the charge to a productive, lean, and agile workforce.
Blok establishes a new paradigm for gig economy companies to solicit contractors for their gigs. A Blok platform user, called a blokpreneur (portmanteau for blockchain and entrepreneur, albeit can possibly mean an individual blokpreneur’s local (block-sized) sphere of influence), can browse all of the offers provided by the companies, assign relevant offers to themselves, mark them as complete and get paid in BLK tokens.
Blok uses smart contracts to eliminate friction in terms of time, cost, quality, and transparency in matching workers and employers. By utilizing the Blok platform to eliminate friction in the gig economy, we will empower workers and make hiring freelancers easier for companies. Further, by improving need identification and matching processes Blok will provide significant advances in the gig economy space.
Freelancers believe a diversified portfolio of clients is more secure than one employer. The average freelancer has an average of 4.5 clients per month.(Upwork) With a transparent and trustworthy connection process, freelancers will be able to apply for consistent gigs to meet their financial needs and the current needs of a company.
Generating a diverse portfolio is where automation, blockchain, and the gig economy link. By isolating and codifying a gig so that it can be outsourced to a worker, we are now automating the gig. Once the gig has been automated, gig workers are only used to supervise and carry out the gig. This leaves an AI system that allows gig workers, the blockchain, and technology to work together.
Blok benefits companies looking to distribute tasks on a decentralized platform reducing labor and capital costs, increasing the scale of production, and to reach large subject pools quickly. Firms and individuals can conduct business solely on Blok optimizing the services and products they provide.
Client apps
Client apps are essentially portable Ethereum wallets with an easy-to-use UI to browse Blok gigs on the Ethereum blockchain, start work on them, mark them as complete, receive funds for the gigs done and give & receive reputation. A crucial feature for official Blok client apps (on the web, iOS and Android) and probably many 3rd party apps will be converting BLK tokens earned by the blokpreneurs back to fiat money for withdrawal and spending.
Blokpreneur direct participation
While certainly not a much-expected use case, blokpreneurs will have an ability to directly use the Blok protocol through Ethereum clients of their choice. Also, we expect a whole ecosystem of analytics and other applications to spring up working on the open data of the Blok protocol by accessing blockchain directly.
Company client apps
Initially, Blok will help companies that want to integrate the Blok protocol in their workflow with a bespoke process to create their Gig smart contracts, oraclize their existing APIs to programmatically confirm the status of a finished gig etc.; eventually, user-friendly client apps may prove valuable to the companies as well.
Company direct participation
We obviously welcome companies to engage with the Blok protocol on their own, directly pushing Gig smart contracts to the blockchain, validating them with the Directory, find, hire and pay blokpreneurs for their gigs.
Role of cryptocurrency exchanges
While companies may acquire BLK in the initial token generation event or buy it directly from the BLK holders, more tokens will be needed over time, since BLK tokens are spent on the gigs performed. Cryptocurrency exchanges, then, play an integral role in making sure client apps have the liquidity to convert BLK to fiat, and that the companies are able to easily acquire more BLK.
The Directory and alternative directories
The Directory is a smart contract that makes sure that valid Gigs can be discovered by blokpreneurs. While an important part of Blok platform, it is in no way essential — competing implementations of the directory can be organized, with other client apps pointed at third-party directories for discovery. We hope that plurality and decentralization will foster innovation and healthy competition.
Role of the BLK token
BLK token is the lifeblood of Blok platform, being used to guarantee payments for successful gigs, making payment times shorter and ensuring that reputation provided and received by the blokpreneurs represents actual business transactions.
Blockchain choice
As of now, Blok platform development is committed to Ethereum blockchain, since it’s the most mature existing smart contract platform, with many exciting developments in its 2018 and 2019 roadmap that make sure that it will remain the top choice for hosting the Blok platform. If for any reason Ethereum team fails to meet its objectives to improve the scalability and throughput of the network or any of the competing blockchains (NEO, EOS or the upcoming TON) becomes a better choice for the Blok development, Blok team will migrate.
Governance
As of now, all the design choices regarding the Blok protocol and its implementations are done by the Blok team. In the future, we’d like to move away from centralized governance and have Blok protocol become (first partially, then completely) governed by major BLK holders. The timeframe and exact nature of the community governance will be discussed publicly and agreed upon in late 2018-early 2019. Please keep in mind that this only includes governance of the Blok network itself — Blok Inc. as a company remains private, and, thus, BLK remains a pure utility token.
BLK token is the main medium of transactions on the Blok platform, facilitating payment for finished gigs to the contractors.
Blok abstracts away the complexities of paying contractors in over 200 jurisdictions with numerous payment systems by putting all payments on the Blok platform through Blok tokens (BLK).
Blok tokens serve the utility purpose of being the only protocol-compliant way to determine, describe and process payments for gigs on the Blok protocol. Using tokens have advantages over fiat- or cryptocurrency of being locale- and payment-method-independent, as well as being specific blockchain-independent (in the future, Blok protocol may be moved off the Ethereum blockchain without losing balances of any of the tokenholders).
In order to post a valid offer to the blockchain, a company is supposed to escrow a necessary amount of BLK tokens within the gig’s smart contract. BLK tokens, in this case, can be acquired during Blok’s token generation event, received (donated or bought) from the existing token holders, or extracted from the contractors by exchanging their earned BLK tokens into fiat by paying them off-chain.
Quarter 4, 2017
Quarter 1, 2018
Quarter 2, 2018
Quarter 3, 2018
Quarter 4, 2018
H1 2019
2019
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BLOK
This is a platform that transforms the global workforce by bringing millions of people to the gig economy using block chain technology
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The platform helps in revolutionizing the global on demand workforce enabling the workers to be paid transparently without any exploitation making it vital hence I would invest in the project
