Zoom, a freelancing platform that offers intellectual based services to its customers have turned towards blockchain technology for solutions and flexibility.
Versatility Of Blockchain Technology
Amidst the ever-increasing popularity of the blockchain technology worldwide, which have seen big companies that cut across different industries embracing and adopting the technology, more firms have indicated their desire to move on with the trend and tap into the versatility of the technology.
Among its admirers is a budding intellectual services, management and outsourcing platform, Zoom. The company, which according to reports from its directors is yet to be fully operational have decided to look towards blockchain to ease its affairs and provide solutions to most question that the intellectual world tend to ask.
News outlets report that Zoom is looking towards using the technology for a variety of things, which includes payments, fostering business relationships, project planning and many more.
“The young company is utilizing blockchain technology to enable business relationships, project planning, and secure payments, Zoom will connect freelancers and virtual companies using blockchain ID systems, artificial intelligence, and smart contracts,” Venture Beat reported.
The Chief Executive Officer of the firm, Plamen Nedyalkovis, expressed optimism in the technology, stressing that the use of the blockchain will help the firm in creating a bond between the freelancers, employers and all the major players in the industry.
Furthermore, he expressed hope that the technology can help strengthen the connection with major stakeholders, while also helping in other relevant areas. In his words, he said,
“We are using blockchain technology to handle the escrow and transactions services of the platform, equalizing the power differential between clients and contractor because the payment is held in the hand of neither.”
Transparency And Accountability
Beyond the payment system that has been highlighted, the firm also intends to use the technology to provide a sort of accountability, through a consensus algorithm to check the validity of the employees. This will ensure transparency in the running of the firm, secure the freelancing company against fraud while securing the name and integrity of the company.
The company is looking deep into the future. The CEO recently said that the firm is looking towards incorporating some fresh blood into the system soon. The partners he claims would be instrumental in helping the firm to achieve its set goals and objective.