Four ways crypto can improve the way we work

People work for a reason. Not always, but more often than not, that reason is money. As a new form of money, cryptocurrencies can influence the ways we work, and improve them through the provision of greater monetary transparency, access, and control. Here are four ways crypto can improve work for everyone, and contribute to the shaping of new job markets.

1. Bringing workers closer to value
In its simplest form, work is an exchange. We give so that we may get: our time, energy, skills, or knowledge for financial or aspirational fulfillment. There are few selfless acts; we do with expectation, implicit or explicit, realized or realized, of a return.

2. Transparency and access
Transactions of decentralized cryptocurrencies are recorded on public ledgers. Nobody controls this record, and nobody can interfere with it. This can influence the way we work by making the circulation of value more transparent – and, through that transparency, more accessible. Access to information is necessary to make choices; to know if the work offered is good work, commensurate with an individual’s expectations. Through HUMAN Protocol, for example, anybody could know upfront what value is attached to a work interaction, and the weight of their contribution relative to a job’s requirements.

The ability to verify alleviates uncertainty. For most, work is a black box: their input produces an output, but they are unable to know how, or whether they’re receiving a “good deal” for their contributions. Cryptocurrency increases the intimacy of work. The result of the work moves closer to the worker, with none in between to dictate or arbitrate.

3. Immediacy (real-time payments)
If the gig economy continues to grow, as we’ve previously discussed, a greater quantity of the work will become “microwork”. Beyond routines and roles, “work” can become the sum of many small contributions, requiring many small payments.

HUMAN Protocol aims to support job markets in which payments can be released and distributed in real-time, once the conditions of the smart bounty – which are used to represent and guarantee all work tasks – are met.

4. Greater freedom
Freedom comes from control. Many blockchains exist to bank the unbanked: to give digital liberty to those that have traditionally been without it. By providing them with access to secure digital money, they’re given choice, which is the beginning of control, which is the kernel of freedom.