Telos Launches A New Gig Economy Platform TelosTask
Telos Launches A New Gig Economy Platform “TelosTask”
October 29, 2020
Telos Launches A New Gig Economy Platform TelosTask
Telos Launches A New Gig Economy Platform “TelosTask”
October 29, 2020

Telos, the EOS-based blockchain platform, is launching a new gig economy platform called TelosTask.

It has been reported that the new peer-to-peer platform, which built on the Telos blockchain and created by the MydAppr team, will directly connect “task givers” to “task takers,” or gig workers, and enable them to coordinate the completion of “micro-” and “macro-gigs.”

However, Telos envisions that the new platform will be used by gig workers across a wide range of sectors, from social media and writing assignments to graphic design and video production. The platform uses an escrow system to automate secure payments. 

Douglas Horn, the Chief Architect of the Telos blockchain, explained:

“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.”

Likewise, Destiny Marshall, the Team Leader of TelosTask, said that the use of smart contracts offers “a built-in-system of trust” that will ensure “labor is fairly compensated,” pointing to “the developing world” as an area of particular demand for task-based employment. 

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Telos is not the only blockchain developer to seize on the unprecedented opportunity of the employment crisis of 2020.

Thus, a product director at IOHK said that she believed Cardano (ADA) was, in a unique way, contributing to the gig economy through staking pools, which are developing into a form of business for their operators.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.