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ZUG, SWITZERLAND, January 19, 2022 More and more workers are no longer employed in long-term jobs, but in “gigs” of the platform economy. Hiring flexible workers instead of fixed staff is becoming commonplace. Employers act as clients, often not even in the same physical location as workers. The global COVID-19 pandemic has accelerated the rise of Gig and freelance platforms. Between 2010 and 2014, the growth of independent contractors accounted for nearly 30% of new jobs worldwide[1].
work X
work X An efficient platform economy is being built to connect service providers with customers. By eliminating business expenses, Work X minimizes labor costs and optimizes wages. Users only pay for the basic services to run the platform (such as payroll, reviews, matching, management, and chat).You can read more about the Zero Profit Cost Mechanism for the Internet of Work here.
In this article, we will explain the importance of other components in the ecosystem, such as matching and data ownership.This work internet Can be thought of as a working highway where people can pay for the maintenance of the road for a minimal fee. While the road is functional enough to get people from A to B, it’s not enough to attract people to use it. Various services are required along the highway to meet all the needs of users.The first basic service is match.
working leather
When you’re looking for someone who can clean or fix your home, a good reputation score and a reasonable price might be enough to hire a specific service provider. However, when you hire someone for a job that requires verified qualifications and/or full-time employment, you may be more concerned with matching. If you are looking for a job, you want to find a job that suits your skills, characteristics, preferences and work culture. For these reasons, we introduced WorkPi: an independent organization that builds a dApp to enrich data profiles through an open marketplace for assessments and development courses. Third parties providing assessment or development solutions will be able to integrate with Work X and add the resulting data to personnel profiles. WorkPi also provides an enterprise solution that helps employers determine what metrics will make their employees successful and satisfied at work. There are major misunderstandings about which metrics are decisive for success, and these metrics lead companies to seek talent in the wrong direction. Also, due to technological development, jobs change exponentially, while employees evolve linearly. If a company waits long enough, a huge skills gap can develop with costly consequences of +/- $1 million due to increased employee turnover, low morale, and poor job quality. WorkPi developed an MVP for the first large financial client with more than 3,000 employees, and more than 50 enterprise organizations are in the pipeline for upcoming SaaS applications.
data ownership
Work-related data of employees is extremely valuable and contains privacy-sensitive information. Therefore, it is very important to protect this data and not fall into the wrong hands. Unfortunately, with the advent of business models around personal data for free services like Google, Facebook, and LinkedIn, people don’t realize the value of their personal data. The aforementioned organizations profit by offering free services in exchange for users’ personal data. Governments try to protect people’s data by enacting GDPR regulations. While the move is well-intentioned, it doesn’t really solve the problem of people’s data ending up in the hands of powerful commercial companies. Additionally, these regulations add a lot of complexity to employers with large amounts of sensitive employee information. This has made businesses very hesitant to share data with other companies due to privacy concerns and ultimately losing a competitive advantage. This undercuts their ability to innovate and learn from data.
Work X offers a solution that uses self-sovereign identities to put people back in control of their personal data. In this way, people will be able to own and control their own data by associating it with their digital identities. When an employee or candidate completes an assessment, developmental course, or other education, they can easily associate an achievement or diploma with their digital identity. This has many benefits for all participants in the ecosystem. Employers don’t need to worry about storing sensitive information because employees can control it. Employees will be able to store credentials for the rest of their careers (even if they change jobs), and they can be assured that commercial third parties cannot monetize their personal data. To experiment with this new technology, WorkPi is supported and funded by the Economic Committee within the eSSIF laboratory. Since AI algorithms cannot currently learn from private data stored in SSI wallets, we are introducing a new approach called “Compute-to-SSI” that leverages existing Ocean Protocol technology.More information on this method can be found here.
Work X recently successfully raised $1.8 million and recently launched its next private round.Apply for a whitelist here To learn more about the project, please visit:
Media Contact –
Contact – Rik Rapmund CEO
Company work X
Email – rik@workpi.com
Daniel de Witte CTO – daniel@workpi.com
Location – Zug, Switzerland
refer to:
[1] Holz, Gittes, and Reinhardt, 2017.
The information provided in this press release is not investment advice, financial advice or trading advice. This article is not an offer to sell, a solicitation of an offer to buy, or a recommendation of any securities or any other products or services. Furthermore, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Please consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation.
Source: Cloud Press
Issue number: 137486
This article is not an offer to sell, a solicitation of an offer to buy, or a recommendation of any securities or any other products or services. Furthermore, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Please consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation.
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