TIMERS’ Response To Challenges In The Global Labor Market

TIMERS
TIMERS
Published in
3 min readSep 17, 2020

Challenge

Helping Governments worldwide creating an alternative job market and streams of income

We are in the midst of a global shift described as the 4th great industrial revolution. Back in 2016, the much-respected critical thinker, Founder and Executive Chairman of the World Economic Forum, Mr. Klaus Schwab formulated a theoretical construct underpinning the challenges lying before us. Although technology and digitalization increased the efficiency and worldwide connection, the resulting future technological innovations will have a much bigger impact on efficiency, productivity and resources.

One of the most important resources so far has been the people and their labor force itself. Massive displacements of today’s jobs is inevitable; they will simply no longer exist. New requirements and training that was designed for a different working environment in this rapidly changing economy will disrupt and alter life plans all over the world. It’s the dawn of new technologies, e.g. automation, machine learning, artificial intelligence, bio-tech and blockchain.

“Concepts like a basic income and new forms of digital money are on the agenda everywhere, making room for new ecosystems helping to make up for the lack of old, conventional labor.”

A segregation of low-skill/low-pay and high-skill/high-pay is already happening and social cracks appear in society. However, it is also a brave new world for those who are able to foresee what is coming. Industries will eventually use all these new technologies to raise global income levels and improve the quality of life for populations around the world.

Our Solution

Time Becomes Money

Now, with a pandemic becoming a catalyst, not only the World Economic Forum but also Governments are finding themselves in full on ‘Great Reset’ mode. There will be a great demand on such higher levels for upcoming ecosystems, ideas and applications concentrating to build sustainable complementary approaches to the conventional labor market. That is what we’d like to provide.

“We at TIMERS believe that every person has an intrinsic value and a set of skills that will be needed in this day and age. We also think that an enormous amount of freed-up ‘quality time’ in combination with the right technology will open up new markets and streams of income.”

For the first time in history, a human’s intrinsic ‘time value’ shall be used as a currency for trading. Time, after all, is the energy and very essence of all value creation.

When time is the common denominator, TIMERS IPM (short for Income/Per/Minute) is its tokenized, digital variant.

We imagine a place and an ecosystem that uses one’s ‘time’ and brings it into the emerging world of the blockchain, hence driving the economic growth of users.

The Team behind TIMERS is going to create a Forum, this magical place, where all goods and services can be offered or used according to people’s needs and skills. A central place to meet and communicate, allowing for not only on- but also offline trade through geo-based- and near field communication.

The Forum will be application driven and accompanied by a simple and easy to use interface, inspired by flow-like design. All of this is powered by the idea that only blockchain truly offers the most efficient transactions and secure protection through intelligent contracts directly from home, within local community and around the world.

Lastly, a so-called ‘Proof Of Value’ Creation in a timed verification process (TVM) ensures an incentive operating system similar to staking in blockchain but designed as a basic income on its own and with optimal sustainability.

Timers team would like to invite everyone on a journey that is rooted in a belief that the answer of tackling the issues of tomorrow might literally be found within.

Your friends @ TIMERS.network

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