LibertyLance: An Advanced Freelancing Platform For Clients & Freelancers

LibertyLance is a blockchain technology-enabled platform which is specifically designed to provide strong and better link between the clients and freelancer. There are many platforms such as Upwork, 99designs, Fiverr etc which provide the freelancing job services to job seekers. Although these kinds of platforms are many in number yet they face same kinds of problems. Thus, keeping in mind the problems faced by previous freelancing based platforms LibertyLance has entered in the market with the aim to wipe out the gaps between clients and freelancers. It’s an Ethereum-based platform which addresses all the problems.

What kinds of problems are faced in current Freelancing platforms?

Freelancing has become very popular these days especially in those areas where people hesitate to step outside their house or they might have some other reasons to go far away from home such as not leaving parents alone or suffering from any disease and so on. As it is said every problem has a solution, therefore, these reasons cannot obstruct the path of one who wants to move ahead. Thus, for the betterment of such people freelancing platforms were established. According to a news source nowadays there are about 55 million freelancers working in the country (U.S) who are giving a new shape to the economy and market-force.

The problems faced by Freelancing Platforms are as follows:-

• Centralized Authority: All existing freelancing websites have sole authority over the decisions of the platform. This includes the suspension of accounts without any valid reason. This results in the withholding of funds earned by the freelancer for the work he/she had delivered. Whenever this happens, trust and faith is lost. Marketplaces where users can be banned without any reason and where funds are confiscated are one of the worst problems of the freelancing market today.
• Commissions and Payment: One of the most important factors within freelance platforms today are the commissions that are charged on earnings. The commissions can be as much as 30%. This can be very problematic for freelancers that are struggling to meet some related expense. Payment is another issue that causes problems. Payment withdrawal in some platforms can take up to 2 weeks.
• Security of Funds: In traditional marketplaces, clients and freelancers have no control over their funds. If an account is suspended by the marketplace, all the funds within it are confiscated. Hence, freelancers are at the sole discretion of the marketplace and their polices.
• Bad clients: Most freelancers often face this challenge once in a while in their career. Some clients don’t pay on time and some are also unresponsive. It is very difficult for freelancers to deal with these types clients on a regular basis. Freelancers also face the problem of unrealistic deadline pressures. Most freelancers face the problem of clients pressuring a deadline for a particular task.
• Undeserving Reviews: Clients have changing requirements and freelancers have to deal with these changes. This can be very challenging for freelancers as some clients require a specific output. Clients sometimes also demand the freelancer to deliver something more or even something that is entirely different. This can be very frustrating and time consuming for a freelancer. This is a major problem for freelancers since arranging meetings to clarify expected outputs becomes an additional task. Besides this, the feedback system for freelancers tend to be skewed towards the client since freelancers have to make the deadlines or else they won’t get paid or even worse an undeserving review will be given to them. This will ultimately have an adverse effect on their earnings, chances of future gigs, and ratings. Ratings play a big part in the freelancing market as it dictates the amount of work a freelancer can secure.

All these problems are a matter of concern and it might impact the clients and freelancer relations badly.

How LibertyLance affords to manage all these problems?

Blockchain technology has made it possible to provide solutions such as decentralized marketplace, instant payment, low fee, security of funds and feedback mechanism. Ethereum blockchain and IPFS (InterPlanetary File System) provides it a simple and user-friendly interface. A large amount of data can also be stored on the platform and easily retrieved whenever needed.

Here are some major attributes which make LibertyLance distinctive from other freelancing platforms:-

• Decentralized Platform: We aim to introduce a self regulatory decentralized marketplace that has no say whatsoever in the negotiations between the two parties, but instead token holders will be able to decide on a particular matter in an incentivized manner. This leads to a more transparent and trustless system without having a third party making the decisions.
• Instant Payments: LibertyLance aims to charge extremely low fees per gig delivered making it a USP of the platform while also processing instant withdrawals without any delays. As soon as a client is satisfied with the work, funds will be instantly transferred to the freelancer through smart contracts. There is no refusal or charge back in the payment procedure.
• Feedback Mechanism: Here at LibertyLance, we aim to solve undeserving reviews problem through our core platform architecture. Either parties involved in the gig will no longer get undeserving reviews. If either of the parties is unsatisfied with the review they have been given, they can call upon the jury to give a verdict on the matter.
• Negligible Fee: Some freelancing platforms charge the high commission from the freelancers after they provide the means of communication to the freelancer. This is truly an injustice to the freelancer. But LibertyLance charges only 2% of the contract’s price as fees. This gives an edge to LibertyLance over other freelancing platforms that currently prevail in the market.

Final Words

LibertyLance can be considered as the freelancing platform which is well equipped with state-of-the-art blockchain technology that can well address all the problems of existing platforms. This can be truly seen by newly emerging blockchain platforms and LibertyLance is one of them.

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