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The Wemark Platform Comes as the Newest Digital Content Market with Decentralized System

The Wemark Platform Comes as the Newest Digital Content Market with Decentralized System

Digital content is one of the formats of text, writing, pictures, video, and audio. To be able to see or listen to it then required a combination made by the reader to form the code. In addition to reading, digital content can also be displayed or played by a digital machine as well. Ease of access becomes one of the hallmarks of digital content. You can also easily share them through existing digital media. In submitting and distributing files, you do not need any costs like sending content on a physical product. You can even share them for free and take a short time. With internet access, digital data exchange can be done without obstacles and expensive cost. One of the high digital content is photos. Lots of contributors from photos circulating in cyberspace. Anyone can quickly get photo content. Of the millions of photos available, there are very few companies that shelter it. It indeed will provide benefits that are less than the maximum for the photographer.

Awards to photographers should be appropriately provided. It is related to its contribution to the global world with the photos. The platform will make it easier for photographers to have more revenue. Approximately 85% will get a photographer from the sale of content. Implementation of content sales system in Wemark will be different from stock content. Wemark has its concept to provide convenience to photographers and content buyers. As a digital startup platform, Wemark will offer system services with blockchain based. The use of previous blockchain technology has provided the ease and speed of transaction settlement. You will be confronted with cryptocurrency where there will be a Wemark token as a valid currency in the ecosystem. Enhanced features and marketable digital content will complement the ease. The digital content market will use smart contracts in exchange, so it will make it easier for both parties to transact.

The Wemark Market will be one of the best solutions for photographers to gain a reasonable appreciation. The photographer can determine the price set for sales. Content uploaded on the network will also have its license. Licensing will be stored in the blockchain network so it can not be changed. The blockchain network will support a decentralized system so that the ledger used for transactions will be distributed. A blockchain network is used because it has high-security standards because the ledger will only be accessible by authorized parties only. The market concept offered will also provide transparency so that nothing is covered. Awarding will maximize the work of the photographer. The Wemark platform aims to increase the income of photographers. The platform will provide convenience in revenue and marketing on a global scale. Immediately register as a photographer via the Wemark web page and distribute your photo. The overall concept of platform establishment will be explained in the white paper. To get it, you can also register your name and email address on the website.

Ann Thread: https://bitcointalk.org/index.php?topic=3347524

Website: http://wemark.com/

White Paper: https://www.wemark.com/whitepaper

What is a Wemark Ecosystem?

Wemark is one of the digital platforms established to move on the digital content market. Wemark aims to make it easy for contributors to maximize revenue earned. The system run on Wemark will have high transparency so it will provide clarity of income sharing to the photographer. The establishment of Wemark is based on a community of independent and eminent photographers. In the ecosystem, participants will efficiently provide photo licenses directly to users of other ecosystems that require digital content in the form of photos. Distribution of digital content can be done directly by the photographer without an agent so buyers can get an affordable price and photographers can also gain more profit. Photographers can know for sure who is using the license.

Wemark will have a role as a maker, marketer, engineer, and designer. The spirit of Wemark to make a difference to the content distribution and process change made for payments within the ecosystem. Selection of blockchain technology will provide peer-to-peer transaction opportunities between users and content creators. The implementation of peer-to-peer interaction aims to provide certainty of transaction security. Direct communication can also make it easy to get genuine digital content products. The most important thing is the transparency of the system implemented by Wemark. As a startup platform, Wemark has gained support from leading global investors. The Wemark establishment is also supported by an advisory board that includes the top names in photography stocks, online markets, and blockchain technology.

The Story of Wemark’s Establishment as a Digital Content Market

Wemark is an ecosystem founded by Tai Kaish who now has the title of CEO and CO-Founder. Having experience as a digital marketer for more than ten years, Wemark has been well aware of the growing popularity of leading digital content brands in Israel, startup organizations such as Leumi Bank, Weizmann Institute, BufferZone, etc. Kaish thinks marketing is just the size she uses to promote her product, business, and all the things she loves. He also argues that he is a lousy marketer if it gives confidence to the product being sold. For Kaish, the marketplace is one of the dreams that is realistic because it has a great way in the presence of fresh products and services. The market is one of the tools that can be interesting in offering to the public at large and will give an interest to what is provided.

The role of the market can occur when two parties agree to transact directly. Rating and review can be one of the services that can be accessed in the future for a better quality market. The establishment of Wemark began in April 2015 by providing market sellers. Functions and features start with the provision of marketing tools to help photographers and contributors achieve a global reach for their micro businesses. Wemark has used the conventional technology applied for market use to reach six different continents. Increased sales can be made with marketing campaigns. One thing to note in market development is the interconnection between the seller and the customer that will strengthen the market. The establishment of Wemark will be a new moment where the system concept is run using blockchain technology. Photographers will gain ease in licensing and transparent transactions.

Wemark Use Photo for Distribution of Digital Content for The First Time

Some of you might ask why should the photos be distributed? You need to know that photo is one of the centralized vertical digital content. In the digital content industry, most markets are controlled by Getty Images and Shutterstock. It shows that there is still a vast and open opportunity to create a digital content market. The system applied to the digital content market previously still gives full control over the photographs provided by the photographer. It does not offer transparency transaction that regarding the results obtained in the sale of photo content. The rights that should be owned by the photographer are not given entirely so that it will provide the limits of income earned by the photographer. Wemark offers different concepts by maintaining up to 85% income for photographers. That means the platform will take 15% only. It will make it easier for contributors to have maximum revenue from work.

Photos become one of the most content-filled digital content when compared to other digital content. The creation of photo content is promising if photographers can get their full rights to the ecosystem. Photos also become the most preferred by the audience of digital content because it has its uniqueness and beauty. The shooting side can also be a quality factor of the resulting image. The price offered for a photo may vary according to several factors that photographers want to take into account. To know the concept of running the Wemark ecosystem, you can begin to register your profile through the website page. Begin to publish your work to the global community and benefit from the digital content market. Currently, more than 40 thousand photos are in the ecosystem of about 3000 contributors. Now it’s time for you to join and show off your shots.

Roadmap of Wemark Project Development

The development project of Wemark project has been started since 2017. That year, the team has raised the pre-seed round and joined the NFX silicon bee as an accelerator and get 150 million USD funding with market specialization and securities network. The team has completed pre-seed fundraising with a total of up to 1 million USD. Ecosystem development continues with the launch of the creator waiting list that was held in September 2017. Contributors can join early, and the platform has managed to get 1500 professional photographers in the first week. It bodes well for the establishment of the platform. The platform outline can also be seen from the launch of alpha versions made in January 2018. In the alpha version launch, there are thousands of photographers joining over 20,000 pictures sent to the ecosystem. In February 2018, the team appointed a top advisor to join the board and continued by announcing the first content partner in March.

Partnerships are conducted with the world’s largest content providers such as Getty Images. Then in April 2018, the platform has released Wemark’s white book for the next new TGE site. Whitepaper’s release was launched to provide detailed announcements from the final TGE. TGE will be conducted in May on the 7th and only lasts for two weeks after the whitelist period. Platform plans to launch alpha wemark.com version in June 2018 as a fully functional market. Transactions, licensing and distribution of payments will begin commencing after the alpha version launch. Wemark initial program will be launched in Q3 2018. The program is targeted at designers and journalists from the renowned advertising or design industry. Special platform allowances may be received by participants in particular for a fully guided onboarding process. Support for new payment methods may be implemented in Q4 2018. In addition to Wemark Token, the plan of payment can be made by credit card, wire transfer, BTC, ETH, etc. The payment method will provide support for the purchase of WMK as a token compatible with Wemark. The launch of the Beta version will take place in Q4 2018 with the presentation of a more impressive and extensive photo collection. In Q1 2019 the platform will provide support for new content like illustrations, vectors, stock music, videos and 3D models.

Join Crowdsale for Get Maximum Benefit from Token Wemark

Wemark will be the market with the latest concept because it uses blockchain technology with the decentralized system. The platform also provides convenience with transactions that can be done transparently. You may need to join the Token Generation Event (TGE) which will be held on June 7th. Do not let you miss it. You can register through a web page. You can complete your full name data and email address for pre-token sales list. The crowdsale implementation information will also be provided through the email address you provide. You will always get word from the platform about the development of ecosystem establishment. In addition to submitting on the website, you can also follow Wemark’s social media account. You can choose one or join all accounts like Twitter, telegram, and Facebook. Any progress information from the project will also be provided through social media.

Your contribution to Wemark Token must be made immediately because the number of tokens distributed to the public has a limited amount. Total token distributed is 135 million. The platform also implements a lower limit of 1.5 million USD and an upper limit of 8 million USD. The rule is that when the soft cap is not achieved then all funds that will be awarded will be given back to the contributor. However, when the sale has reached hard cap before the time of purchase ends, then the transaction will be closed soon. The token price per USD is 0.20, and the sale will only be for two weeks. The distribution of tokens in sales will just be given as much as 38%. The remaining 37.5% will be awarded for community awards and economic scaling. The platform also contributes to 12% advisers and partnerships. The founders and employees team will get 11% contribution. The rest will go to Bounty program at 1.5%. Immediately join the token sale event so you can gain ease in transacting in the Wemark digital content market.

Social Media:

https://www.facebook.com/WemarkOfficial/

https://twitter.com/_wemark

https://t.me/wemark

Making Your Data Count: Introducing Opiria Ecosystem

Making Your Data Count: Introducing Opiria Ecosystem

The internet has been both a miracle and a great disaster for a technological marvel. In one side, the flow of information is faster than anything ever compared by any means before, that is a good thing indeed. But In the other side, your private information becomes very vulnerable by sort of thievery, misconduct, misuse, etc. this is all occurring without your concern. The data that lies within the internet system is ripe for taking, especially for those who already mastered the internet technology. Having a deep understanding of internet will make you feel like inside a free market, where everything is free, including your personal information.

We have seen any hideous private information thievery, for instance, is Facebook. Currently, the U.S sued Zuckerberg for suspicion of personal data thievery that occurred on Facebook. The data is being used for political campaign or whatsoever that is finally revealed and brought to justice. This will show you how vulnerable your data are. And therefore you need to protect that. The data are being used for market research and customer behavioral pattern to understand what kind of trending that the world now recognizes.

This is a normal phase of market research. But since it is done without your approval and conscience, therefore it’s illegal. You should know that your data are worth a penny, and therefore how if, by your conscience and approval, sells your data? That is when Opiria kicks in.

Opiria is a new intermediary party that will provide a service for you to sell your data. At first, this sounds terrible, but this is better rather than your data being stolen, and you didn’t receive any compensation. Don’t you know that your email worth money? Don’t you know that completing a survey worth money? That is all worth your time and effort, and Opiria will make it happen just for you. This is a new way of acquiring money in this age of information, as the personal data is the oil of 21st century, that what Opiria says about your data. For any further information regarding the company or the platform, you can visit several links below.

Website: Opiria.io

Whitepaper: https://Opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf

Facebook: https://www.facebook.com/pdatatoken/

 

Why Opiria?

Opiria a is a unique platform with a unique purpose, which are to safeguards your data, and to provide the market for it so you can sell it by your approval. Opiria have many clients which several of them are members of the Fortune 500, or the biggest and most famous multi-national companies such BMW, PNG, MERCEDES BENZ, INTEL, and so on. Those companies are desperately want to know what is their customer want, what is the best product that they ever hope, and what is the cost that relatively acceptable to them. Such question needs further information, and the information source will be you, and it comes with a price.

Opiria also deploys a cutting-edge technology that will protect your animosity and your data from being stolen. We deal with transaction, not thievery. Therefore every data you provide to all the clients will worth your time and effort. The ecosystem that is currently deployed is the blockchain technology that will ensure data protection and animosity for all our members, and it also keeps a very strict ledger so every flow of information will be recorded. This will include every transaction, interviews, email and so forth.

There are also all sorts of features that will make you comfortable when transacting your data. We have a mobile app which is pretty convenient for you to use, and we also have an emotional reader, eye tracker, shopping behavior, opinion and feedback features, and so on. That is why Opiria can become a potential partner for your business. All sort of those things is kept in secret just between you, the intermediaries and the client. If will not be leaked since the platform has been securely protected by the blockchain and by any other features that ensure protection.


Opiria, we protect your data from thievery

The consumers of our platform have grown exponentially in one year. As for 2017, our customer has been 4000 people with 150 clients. And as for 2018, the consumer has been skyrocketed  to 100.000. And those number will still grow, as our expected number for 2023 are 250.000.000 customer with 27.000 clients. By choosing Opiria as your data provider, means that you will know a hundred thousand people who will judge your products, and give the feedback so that your innovation and expansion will not fail.

There are also several reasons why choose Opiria, especially for all our members

  1. Full authority over personal data

Your personal data will be protected and controlled by you. It is all up to you whether to sell it or to just keep it. The clients will offer a request for your personal data. It is up to you whether to comply or to refuse the offering. But be advised the more you deny the data request, you will get such request seldom.

  1. No misuses of personal data

The term misuse is pretty unfair here since all companies mainly just want to discover what kind of market they are dealing with. The misuse actually occurred in the term of personal data thievery. The thievery that lead misuse and therefore must not happen at all cost in the future. But by utilizing Opiria, such misuse will never happen since your data are being sold with your approval.

  1. Anonymity

Regardless of how much your personal data being sold, you will stay anonym in our ecosystem. Whereas you will be fully exposed in the current ecosystem, which is in the ecosystem of thievery and misuse of personal data information. With our cutting-edge protection technology, you will remain anonym even you have sold your data.

  1. Information precision

At first, the surveys that being held by any companies will be adversely incorrect since people will provide fake information and thus failing to supply the market demand. This leads to billions of dollar wasted and threatening bankruptcy. With our current platform, all market research will be widely participated with great enthusiasm since all people are rewarded by their contribution towards the survey and thus will result in providing correct and precise information.

  1. Direct data transaction

In the usual ecosystem of data trading, there will be a lot of middleman in the process, such the data broker. The data broker usually will impose a very strict and limited database which are not quite precise and genuine as the people getting more frightened in sharing their preferences online due to the data thievery. By using our ecosystem, getting an accurate and valid data will be guaranteed since the consumer will be rewarded by giving their testimonies or interviews regarding a certain project or product.

Those are but a little example of the benefit of using our platform. For further information you can visit one of the links below:

Website: Opiria.io

Telegram: t.me/PDATAtoken

Facebook: Facebook.com/pdatatoken/

 

On The Mechanism Of Data Trading

Several features of Opiria to gather information

In this segment, we will be explaining about the mechanism that involves in data gathering within Opiria ecosystem. As we should already know, there are three main parties that involved in the whole transaction process, they are the consumer, or the people who are selling their data, the platform, or Opiria which will be an intermediate between the consumer and the clients, and finally the client, who request the data from the consumer.

The transaction mainly conducted by a token called the PDATA token or token in short. This token is some reward that will be given by a client to a consumer after conducting several interviews or filling out a questionnaire. The token is a cryptocurrency that is provided by Opiria which will be explained shortly later.

At first, the client will purchase several PDATA token from Opiria, then Opiria will provide a variety of services that are available to a client. The client then will contact the customer about their willingness to share their private data information. After both contracts have agreed, the interview or the data gathering commences. Afterward, the company then will reward the consumer with the token that worth money. There are,  a lot of information gathering techniques that the company will employ, and therefore the consumer will be asked whether or not they agree to the term.

And as for the token, the sales are very promising. The pre-sales are hitting 2 million dollars, the pre-sales will last until 15th June. The price per coin is 0.10 $, and a minimum contribution for the presales are 2.500$. There are the benefits of contributing for the pre-sales since it will give you a 20% bonus after the public sales commenced. The Pre-sale will have a hidden cap. If the hidden cap is triggered, sales will stop and the main sale will begin in 24 hours. There will be roughly 450 million tokens available for sales in the public sales, the main sale will start on 16th June and end at 14th July, and will last until it hit the cap of 5M dollars. The cap then will be raised to 35M dollars afterward and will keep on going until the token are exhausted.

All sort of cryptocurrency is welcome such ETH, BTC, and XRP. No known restriction will hinder the transaction unless you are living in a particular country such China, Guatemala, USA, Canada, and a few others are unable to participate due to legal restriction. Any other countries who have not such regulations are welcomed to join.

There are several utilities for the token, such as:

  1. Purchasing personal data

As for the company, all transaction within the ecosystem including the payment of the personal data will be done by the token, no other currencies are allowed.

  1. Conducting extensive surveys

Besides purchasing the data from the databanks, the token also could be given by the company to the consumer as a reward after doing some extensive research. The market research method is up to the clients, but compensation in the form of the token is mandatory. So for the client to collect the information from the consumer, they need to purchase the token first.

Here are also several ways for the consumer to obtain the token:

  1. Personal data selling

Once you purchase the token, therefore you will be asked to deposit your data. After you deposit your data, you can obtain the token as a reward for selling it.

  1. Doing interview or any other data gathering process

There is also the data request from the client to the consumer. They will have their methods in gathering data, such the interview for instance. By participating in such process, you can collect more token.

Conclusion and risks

Besides the prospect for the cryptocurrency, such as the huge worth of dollar and prospective for the future, there also lies several risks that should be concerned for those who consider purchasing and using the services of Opiria.

By the growing trend of cryptocurrency, the skepticism will also arouse. This has been proven by several countries banning the transaction of cryptocurrency, or at least highly monitor it flows and circulation. There will be several laws and regulation that will be imposed upon all platforms that employ the cryptocurrency as such one is not yet existed. We believe that if the legal platform has been enacted, there will be a dramatic change in the structure of our company and thus affecting the whole transaction.

There are also several risks regarding the sustainability of the cryptocurrency itself, the business risk, and the financial risk of it. But we believe those risk will be decreased as the legal platform has been enacted and therefore the transaction of cryptocurrency has been cleared up. The token is also not an investment product. Therefore we cannot guarantee the prospect of our token to be elevated shortly. It is just a currency within the Opiria platform to gather the information and data needed by the company to all the consumer. Lastly, we strongly suggest before making any kind of transaction or contribution, please read the disclaimer in the whitepaper as seen below:

Whitepaper: https://Opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf

Twitter: Twitter.com/PDATA_Token

Ann thread: bitcointalk.org/index.php?topic=3076122

Initial Coin Offerings: Crypto Capitalism Of The Modern Era?

Initial Coin Offerings: Crypto Capitalism Of The Modern Era?

Let us begin by decoding the word “CRYPTO CAPITALISM”. To begin with, Capitalism can be defined as the process of making market decisions that are very private in nature. The concept of FREE MARKET is what truly characterizes CAPITALISM. The decisions made are keeping in view the competition in the free market. Commodity prices are influenced by features such as demand, supply, and also the nature of the free market.

CRYPTO-CURRENCY; A rather heavy term which might sound new to a lot of people out there. It is nothing but a modern-dayphenomenon which has become the most sought-after industries in the world today. Individuals are flocking to invest in a rather new form of digital currency whose value has grown exponentially ever since the inception of the Bitcoin in 2009. People find it very comfortable to invest in cryptocurrency as it is an unregulated form of money which will give you amazing yields in the future. Hence, it’s safe to say that we are now entering into the cryptocurrency age.

What Is Crypto-Capitalism?

Since we have defined both the terms. Let us now define “CRYPTO CAPITALISM”. What makes cryptocurrency so appealing? There is no controlling body which controls your investments. You are free to make your own investment decisions and no one else has the right to question it. You can invest your cryptocurrency in a market which is free from any sort of influence.

Initial Coin offerings are one such market. Initial Coin Offerings is the modern-day answer to start-up funding. ICO service providers offer a unique project idea to its customers. They also mine their own cryptocurrency units which they offer in exchange for other prominent cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc. amongst a host of others. If a person with a stockpile of cryptocurrency units wants to invest them further. They can do so in ICO offerings. This way, start-ups can raise the necessary funding through crowdfunding where such cryptocurrency exchanges take place. It’s a very unregulated process and hence companies can resort to a lot of creative approaches to raise the money. This is the brand-new concept of Crypto Capitalism.

Why Is This Important?

A centralized regulatory body will be a huge hindrance for any investor. They will work towards taxing any investment made. This taxation will be in the form of service charges, or simply a “fee”. Apart from paying extra money, an investor will be entitled to adhere to a number ofunnecessary rules and regulations which will be introduced. In simple terms, you will have someone watching over your investments and of course, poke their noses if deemed necessary. This also brings in uncalled for instability in the market. What would this result? This would result in a flight to more traditional forms of investment such as real estate or stocks since they are more stable.

There have been cases where the governments did try to regulate the currency. When certain far east countries talked about regulating the BITCOIN, what followed suit was highly predicted. The Bitcoin saw its value fall by a staggering fifty percent. Just imagine if such regulations were global. Would you think of investing in cryptocurrency? You would potentially think twice before doing so. The entire concept would be wiped out in a matter of months.

Are ICOs The Future Of Start-up Funding?

Modern-day start-ups are depending on Blockchain technology to raise funding to execute their projects. Earlier on, they had to depend on traditional forms of financing which is a tedious task which could or could not yield returns.

Start-ups who develop applications for blockchain technology projects now have another added privilege which they are entitled to. They can generate their own crypto units which they can easily exchange for prominent cryptocurrency units. These exchanged cryptocurrencies are the driving forces behind a majority of their projects. If you are confused about what type of cryptocurrency is best suited for your investment, make use of websites ICO Token News to gain more information on the different kinds of cryptocurrencies in the market today.

  • This is a very safe method of raising funds. A company is not answerable to any venture capitalist or surrender any equity to them. It’s completely foolproof.
  • Blockchain technology also provides a ledger system for creating a database of all the transactions which take place. This information is shared with the concerned parties, without having to endure the expenses of a broker or an exchange who charge exuberant fees for their services. It’s being used by a large number of companies and many start-ups are equipping themselves with the technology to make use of the system in place.

We all know that the BITCOIN is a ledger system which records all bitcoin transactions. This system was built using Blockchain technology. Now, companies too are developing a similar system of ledgers and putting them to different uses. The crypto tokens they sell are those which are needed to gain access to these platforms.

Once you invest in an ICO service provider, you will be given ownership to a number of their crypt units. If the startup or project is a roaring success, the value of the crypto unit is expected to soar as well. This is a direct result of the rise in demand for the crypto token.

What Is The Future Of Crowdfunding Using Initial Coin Offerings?

For a company resorting to initial coin offerings in order to raise funds, this doesn’t mean that they do not use equity offerings to raise capital. However, experts stress that a company can raise almost ten times the required funding without actually giving up any control over the company or its equity.

Despite the appealing nature of the system, it’s not that it will replace the traditional venture capitalist system anytime soon. VCs offer not just finance, they offer you a host of connections, expert guidance and most of all prestige.

However, companies resorting to ICOs have taken one step towards the future.

Initial Coin Offerings: The Scope

Despite the high number of risks involved, ICOs are expected to usher in a brand-new era of start-up crowdfunding. This could be a game changer for a long time to come.

The companies who are offering coins through ICOs are developing technologies which could be very beneficial to other industries as well. They are ushering in a new era of technology which revolves around blockchain technology. Newer uses for the technology are being devised, owing to its appealing irregulated nature of working. The demand is only expected to rise and its necessary that all companies are ready for this new era of change. Regardless of its uncertain bubble-like nature, it is a risk worth taking.

Earlier on, investors had to wait many years in order to reap a profit from their investments. But in today’s era, an investor who has purchased coins through an ICO funding campaign can expect a huge profit in as little as nine months from the time of investment. These investments can be easily cashed out into real-time money.

Expect blockchain technology start-ups to be a part of every industry like health care, transportation, real estate, banking, etc. to name a few. This is the future in front of our eyes.

Some Points To Take Note Of

As this article has constantly stated that the unregulated nature of ICO offerings is a very good thing. However, it does not mean that you do not take precautionary measures before making any sort of investment. Blockchain technology is used for scams as well. There are a certain number of fraud Initial Coin Offerings which dupe people of their investments. This has to be avoided. Make sure that you follow certain precautionary measure before investment.

Some of them are as follows:

  1. Make sure you do a thorough background check on what the project is about. Scour the internet for more information on the team behind the project. This way the authenticity of the venture is clear. The more transparency the team imparts, the more trustable the ICO offering is.
  2. Make sure you read the white paper of the project before investing. This way you will understand the technicalities of the project. It will help you decide whether to invest or not.
  3. Make sure you keep all your cryptocurrency units in an online cryptocurrency wallet. Such wallets provide you with the right security features to protect your capital from any sort of theft or hack.
  4. Be patient with your investment. Do not expect an instant profit from your investment immediately. Give it some time and wait for the project to flourish. You may end up with a larger profit if you just wait for a little.

 

Conclusion

The world of finance is an ever-changing one. A world which was once ruled by stocks and equity funds is now being taken over by the cryptocurrency phenomena. It is unpredictable and no one really knows how long the bubble is going to last. For now, it’s safe to say that Crypto Currencies and Initial Coin offerings are Crypto Capitalism of the Modern Age.

Bob Application: When Contractors Meet Block-chain Technology

Bob Application: When Contractors Meet Block-chain Technology

As the number of building constructions is getting higher in recent years supported by more advanced construction technologies itself, the work of contractors has been essential. They build buildings that can be a place for people to live in, to work in, to hang out, to have fun, and many more useful uses. However, some building owners might experience great disappointment due to several problems with their hired contractors, particularly in home repairs. Customers get their money wasted, and their trust is blown away which can affect the trade industry overall. In so, the solution should be made to resolve the problem between customers and contractors. Then, the idea of decentralizing the marketplace has come up by utilizing the technology of block-chain. In order to connect the contractors and customers directly, Bob’s Repair has prepared the solution with Bob Application. Check out more about the details below.

The Current Industry Problems

Even in the skilled trade industry, they face several problems that cause adverse effects, particularly for both to customers and contractors in the end. Here are several issues that currently become the primary concern in trade industry:

  1. Review Fraud

Before hiring the contractor, customers most probably will find their records by reading several reviews.However, particularly online reviews such as from Google, Yelp, and HomeAdvisor have the high risk of getting fraud problems in various ways. For example, construction companies might artificially ask people to write good reviews about their companies to increase their ratings. Or, conversely, the companies ask people to write negative reviews for their competitors. Instead, they will try to remove the negative reviews about themselves by paying some money.

This kind of problem can lead the customers to hire the contractor who does fraud practices and hide their company’s blackness. As a result, those types of contractors only give them bad service and waste their money. It deflates customers’ trust to search online reviews because they don’t know anymore which one is giving legitimate answers. Whereas, the customers highly depend on such reviews to make their choices on hiring the trusted contractors.

  1. Hidden Costs of Advertising Fees

Contractors often put a lot of money on advertising to make their companies’ name more popular to gain more customers. Since there are lots of advertising methods which require high cost, the contractors need to bear more costs for running their companies.In the end, they pass the costs on to the customers by offering higher prices for their trade services. It is the reason why the hidden costs of advertising fees have become another problem for the customers. They want to get the best service from the contractors to repair their home, but they need to prepare a big sum in return.

  1. Lack of Price Transparency

Some customers might never bother to find why they need to pay a certain amount of money for receiving the services on repairing their home. But, some others might curious and want to know more about the details of service costs. However, most of the contractor’s companies still lack in pricing transparency. They only display the total of service costs without giving more details. For example, only for replacing a toilet, the companies charge USD 375. The customers can’t get more details instead that number of money on the website or promotion brochures. They don’t know how much is the actual price of installing a new toilet and the labor services. Maybe, it only requires them for about USD 150 for installing a new bathroom. Instead, they need to pay more for the labor services than the toilet. This lack of transparency can result in unknowingly unfair pricing for the customers which they are supposed to get the more affordable price.

The Solution from Bob’s Repair

Do you recognize the Skilled Trade Worker Platform (STWP)? Yes, this platform has built by Prandecki brothers of Bob’s Repair since three years ago (website: http://www.bobsrepair.com/). The STWP is an SMS system that was automatically connecting the consumers and contractors directly via API in order to provide the more reliable platform with lower costs. This platform works by relying on a simple business model which simply recruiting contractors and customers through online advertising platform. At first, the contractors have to pay USD 75 per week for a flat fee. However, they will able to receive as many potential customers as were available for an average of two leads per day. When other platforms offer about USD 50 for per-lead average fees, STWP only takes USD 5.

Moreover, STWP will also be supported by automated technology, especially online process. After getting the information from local online advertising platform, the customers will call or send a message to the number from local advertisement. Prandecki brothers will receive the calls and texts then identify the number to associate with the qualified local contractors and also sync the jobs. Those automated processes rely upon an SMS API by utilizing the keyword technology that detects specific phrase to sync with the requested job, for example, toilet repair or AC connection.

Then, the outsourcing of online advertising process will be managed by the Freshbooks and Capsule CRM. Freshbooks will store all the customers’ numbers, invoices, and job information. Meanwhile, the Capsule CRM stores all information regarding customers and independent contractors. By connecting this process, STWP communicates through Bob’s Repair API. In the end, the independent contractors will see all the information, including the requested jobs. The whole process is managed to support operational efficiency by improving the scalability and profitability.

In the market, STWP was a big hit for being able facilitating more than 50,000 service calls. However, this platform itself wasn’t able to resolve those three major problems in the skilled trade industry. The founders think there should be a technology breakthrough to solve the problems. This concern brings Bob’s Repair to prepare a solution called Bob Application. Like has been mentioned in the white paper file in https://www.bobsrepair.com/docs/White-Paper.pdf.The app is supported by STEEM blockchain that takes advantages of various social media platforms including for those in Android, iOS, and web-based application. Since Bob’s Repair has a long history with experts in software engineers including those in blockchain technology, this process is expected to gain USD 340 billion in the skilled trade service market.

How does Bob Application work?

There are three main steps to describe the works of Bob Application, including:

First, customers create the jobs and deposit their money. In the Bob Application, customers will write the job description they want to request. Then, it will be published on the escrow website, and the customers will get the list of contractors that suit the requested job. They can see the contractors’ ratings, price rates, and previous reviews. They can choose up to 3 contractors which later will get notified of the job. If after reviewing the job the contractors think they can work on the job, they will propose the price, deadline and other terms. If the customers are okay with the proposal, both parties can deal with the agreement published on the escrow website with URL and SHA3 hash. The published transaction on Ethereum Blockchain will include contractor’s Ethereum address, full job payment and service fee, the array of a deadline for each milestone, array of payments for each milestone, and agreement URL and hash. After that, the job contract is created, and the customer can deposit their fee. All transaction will be stored and monitored through Blockchain technology.

Second, there are three conditions might happen during the job process that includes the milestone, payment, and refund. When the milestone has been completed, and the customer has no claims, the customer has to publish a transaction on Blockchain to job-contract to confirm the milestone completion. Contractor publishes the transaction to claim their payment deposit from job-contract. Meanwhile, if the contractor thinks the milestone has been done, but the customer disagrees then the contractor can request to escrow team to get the job done after publishing transaction to the job contract.  The team will contract both parties to discuss the milestone whether it has been completed or not. The last is the condition when the customer thinks the milestone hasn’t been completed and the contractor hasn’t published the request before the deadline. The customer can claim a refund if even after the deadline the request still isn’t processed.

Third, whether the job has been completed or failed, the customer can write a review about the contractor. The review will be published to the STEEM community for moderation, vice versa. All the reviews including the address and references will be stored on the escrow website so the other customers can check on their review.

Since STWP has already had 50,000 customers, so the platform can help the success of Bob Application. There are also cryptocurrency communities who understand more about blockchain technology to support the works. Moreover, Bob’s Repair will also use social media base including Twitter, Facebook, Telegram, and YouTube to spread more word about this application. When more people being familiar with Bob Application, they will be aware the benefits they will gain from this platform. For contractors, they will get more control to their schedule, legitimate reviews, higher take-home pay, and some more. For customers, they can enjoy better service, lower price, and legitimate reviews for looking a certain thrust-worthy home repair service.

Supporting by blockchain technology, Bob’s Repair will use cryptocurrency to raise funds for perfecting the works of BOB Application. It will use ERC20 tokens called Bob tokens that will be purchased in every quarter on an open market to provide 50% of profits for token holders. The purchase BOB tokens will experience the process of burning to provide quarterly buyback and reinvestment dividends. The whole process will be secured by ensuring the compliance with SEC regulations and international finance. Moreover, Bob’s Repair will conduct two rounds of BOB Crowdsale include pre-ICO and ICO like Prandecki’s brothers mentioned in this video.

Why Using Bob Application?

There are several benefits when a more decentralized market for customers and contractors can be created by using Bob Application, including:

  1. Trustworthy Reviews

Since building trust is always number one in the business transactions, the STEEM blockchain will help to support Bob Application to fight against review fraud. The use of blockchain technology has benefits for providing quicker transaction time by only 3 seconds with no transaction costs. In order to avoid the practice of review fraud, the application will help to link transaction reviews with actual financial transactions. All the financial transactions on the blockchain will be stored in the application. When they leave a review, it will be linked to the financial transactions that have been done between the customers and the contractors. In this way, the others customers will know that the reviews are legitimate because those were from the real consumers who have experience in getting the services from the contractors. If they have better information from legitimate reviews, they can make better decisions.

  1. Transparent Pricing

Since the reviews will be linked to the actual financial transactions, the customers will know how much the cost of service. Not only the total costs but also including more details such as material and labor costs. So, when the customers want to get certain home repairing service, they can compare the charge for several contractors. They can also check the reviews to help them determine the actual costs for their service. By creating more pricing transparency, it can discard inflated costs from those fraud reviewers and build more trust with the future customers.

  1. No More Advertising Fees

Aiming to prevent hidden costs due to advertising fees, Bob Application will eliminate intermediaries for advertisements such as HomeAdvisor, Google Ads, and others. The app works differently. In the app, there will be some functions including flagging posts, upvoting, and user reputation towards the contractors’ companies. If they can get more verified positive reviews, they will be more recognized and invest significant presence. In so, merit is playing a big part in gaining the reputation of the companies. Unlike the common advertising which requires high cost, this new structure will help to eliminate those hidden costs that often charged to the customers. Moreover, the application won’t charge for the sign-up, membership, and transaction fees. By reducing the entry barriers for contractors, they won’t be burdened by entry costs and offer lower prices for the customers. As a result, this feature will be expected to promote more growth for more decentralized markets for both of them.

So, everyone who wants to get home repairing or other services from the contractors will be more at ease in their mind since they have got the more trustworthy platform to get the services quicker. Moreover, this technology of block-chain also allows the contractors to increase their revenue since there will be more job requests for them.  Follow their social media for the latest news.

https://twitter.com/bobsrepair

https://www.facebook.com/bobsrepaircom

https://t.me/bobtoken

 

Posted by : kurniawan05

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