Can CanYa Bump Upwork, Fiverr, and Easy Out Of The Freelance Market?
In the last 40 years since the invention and democratization of the internet, use has grown radi-cally. Some estimates indicate that as many as 4 billion unique individuals are online. Yes — bil-lion with a B. In other words, more than half of the world’s total population.
This sort of cataclysmic adoption has also been paired with exploding opportunity through online services. The internet has morphed from a simple information sharing platform into a comprehensive entity for nearly everything. E-commerce has particularly come into its own, with sales totally nearly 10% of gross US transactions. Since 2008, this rate of online transactions has been increasing, even during the midst of the global financial crisis.
In this new gig economy, corporations like Upwork, Fiverr and Etsy have sought to connect freelancer workers and artists with employers, while Ikea made headlines by acquiring Gig economy company TaskRabbit, which provides handymen to assist with various manual labor tasks. These connections show that the world is fast moving toward a gig economy structure, with as many as 34% of all American workers functioning in this capacity.
While these companies represent a significant change in how employment online fuctions, they are the first generation of such portals, and are showing considerable signs of stress. CanYa, an Australian blockchain-based platform, plans to be the online marketplace to replace sites like Upwork and Fiverr.
CanYa is a decentralized online marketplace where service providers can connect with customers and send and receive payment via cryptocurrency. The blockchain platform permits sellers to interact with employers directly — a truly peer to peer (P2P) experience, unlike the veiled systems at Upwork and others.