The freelance economy has long struggled with challenges such as high fees, slow payments, and disputes that often arise on traditional platforms like Fiverr and Upwork. Although these platforms are widely used, they often charge high commissions and rely on centralized systems, which can lead to trust issues and inefficiencies. To address these issues, Bloclance has launched a blockchain-based freelance marketplace built on the Base network, an Ethereum Layer 2 blockchain known for its scalability.
Bloclance aims to redefine the interaction between freelancers and clients through the use of smart contracts. The platform eliminates the need for intermediaries, reduces costs, automates transactions and promotes trust through transparent agreements.
Smart contracts for transparent transactions
Bloclance uses immutable smart contracts that serve as the backbone for all projects on the platform. These contracts document every agreement on the blockchain, ensuring transparency and security. Once milestones are reached, payments are automatically released, minimizing delays and disputes. This system eliminates the need for third-party involvement and allows transactions to be executed in a trustworthy and decentralized manner.
This approach gives Bloclance a significant advantage over traditional freelance platforms, where disputes often require manual intervention and can result in unfair resolutions.
Cost efficiency and instant payments
One of the standout features of Bloclance is its ability to dramatically reduce transaction costs. Traditional freelance platforms typically charge commissions of up to 25% for both…
