Carol works the dinner shift at the local restaurant and has been trying to save for a trip to the Caribbean. She loves animals and has been hearing about people using the gig economy to grow their income. Carol signs up for centralized platforms and has little success since she cannot fit in her schedule and the employer is taking larger fees. Carol decides to quit the centralized platform and start a dog walking business since it fits better with her schedule at the restaurant.
While starting her business, Carol quickly realizes the difficulty in finding customers and getting paid in a timely manner. Her current payment method can take up to 15 days and while trying to grow her business this is proving inefficient.
Carol has heard the news about how smart contracts can simplify and speed up the payment process so she begins researching blockchain solutions. She notices Blok provides a directory and instant payments so she decides to make an account. Once Carol is verified with Blok, she begins searching the Blok directory for opportunities to increase her cash flow.
Mary is a local investment banker and has two Labrador retrievers she refers to as her children. She is able to come home for lunch most days and walk her dogs to give them exercise in the middle of her day at the office.
Today, Mary has a meeting with a large client and their meeting is running long and into lunch. Her client suggests they continue the meeting over lunch and Mary begins to worry about her dogs getting their needed exercise.
Luckily, Mary invested in Blok during the ICO and owns the BLO token. She logs into her account and posts an opportunity for someone to get paid to walk her dogs during lunch. With her post, Mary offers 100 BLO tokens.
While browsing the Blok directory, Carol sees Mary’s post about taking her dogs for a walk. Carol is in the area and applies to the gig. Mary knows Carol from the restaurant and trusts her to take care of her dogs so she accepts Carol’s request and gives her the code to access her apartment.
Carol takes the dogs for a walk and returns them to Mary’s apartment. Carol requests verification and once approved, Blok’s directory releases the escrow right into Carol’s account instantly. With Blok, Carol is able to participate in the gig economy on her terms while Mary can ensure her dogs are taken care of in an instant.
Participate in Blok
Disclaimer
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. Any arrangements between you and any third party contacted via the Blok are at your sole risk.
Author: Kyle White, CMO at Blok
Kyle started in the gig economy at 14 and has held leadership positions across the outdoor industry, politics, and construction. Kyle is excited to democratize the global workforce through blockchain.
