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Telos Launches a New Gig Economy platform on the Blockchain

Telos, a decentralized computing network and app ecosystem announced that it is launching a new gig economy platform called TelosTask with the use of blockchain. TelosTask is a freelance marketplace built using blockchain technology for micro and macro tasks,  the app is right now in Beta and will basically function like up work and people per Hour freelance networks. The new system is built on the Telos blockchain and has a peer-to-peer model where “Task givers” are directly connected to “task takers” or gig workers so that they are able to oversee and coordinate the completion of “micro” and “macro-gigs”.

The parent company of TelosTask, Telos believes that their new platform will be very much utilized by different gig workers in a wider range of sectors which includes social media and writing assignments, graphic designs and even video production and pretty much everything else that a freelance network can do. The task platform utilizes an escrow system to facilitate automated secure payments.

“This is the real power of high-capacity blockchain. Now anyone can instantly create a free Telos account with an easy to remember name and log into it with no more hassle than logging into Twitter. It’s a mass adoption-ready platform that’s desperately needed right now as people try to figure out reliable new ways to earn income and perform business tasks in the post-COVID world.”

Telos blockchain offers a wide range of technological services such as Swaps, a network Bancor liquidity service for token swaps, Telos dstor, a service that allows the global data storage for web 3.0. It is fast and reliable and censorship resistant, smart contracts, which allows for a trustless system. TelosTask will deploy the usage of these smart contracts to ensure “a built-in-system of trust” thereby making sure that every “labor is fairly compensated”. TelosTask team lead Destiny Marshall believes that the world is developing and that interest in task-based employment is growing rapidly too, so that’s why TelosTask was created to contribute to that growing economy.

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