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Allied to several solutions, the blockchain technology is being used to solve problems of work relations generated by the Gig Economy, as reported by Forbes. That is, situations arising from non-traditional labor relations (self-employed, online platform workers, contracted firm workers, on-call workers and temporary workers).

So common in the modern world, flexible working relations can be detrimental to employees. Among the problems are below-the-conventional income and the need to bear several costs on their own. Examples are the drivers per app or photographers.

A report by the U.S. Economic Policy Institute showed that these workers earn on average 58% less than regular workers, generating inconvenience and instability.

And how the blockchain helps in work relations

According to Matt Spoke, founder of the Open Foundation and an expert in blockchain technology, it is possible to create an open platform that employs concepts and resources used by fintechs, combined with blockchain resources that can help the worker of the modern economy.

An example would be if these workers could create independent digital profiles on a blockchain. Thus, they would be able to visualize the sum of their work efforts over time and in various markets. From then on, they would have more autonomy from their experiences, reputation and earning history.

Thus, in the long run, the worker would have some advantages when compared to the traditional employment, without losing the additional benefits of flexibility and autonomy. All this with the goal of helping these workers grow in their Gig careers and offer more stability, earning capacity and personal fulfillment.

In his article, the expert goes further: the technology would also be beneficial to employers. With increased stability and data organizatio, workers would have a more attractive profile and a more viable employment option that would make it easier for contractors to choose that workforce.