Help freelancers get paid by companies on time Create immutable records of invoices Produce score of payment trustworthiness for companies - payment score on shared ledger
What it does
How will Blockchain be applied Companies input payment reports with freelancers and generate a score that tracks all transactions on the blockchain. All transactions are immutable. Smart contracts will facilitate ease of payment based on project delivery.
Benefit of Blockchain usage Through blockchain, freelancers are able to view transaction history between the company and other freelancers. According to payment history of each company, a payment worthiness score is calculated. Smart contracts and the system of record of the business ecosystem between each player on the network ensures authenticity and trust of each payment transfer.