HIGH-SKILL FREELANCE COMMUNITY - Blockchain Technology ENABLING THE WITH - March 2018
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ENABLING THE HIGH-SKILL FREELANCE COMMUNITY WITH Blockchain Technology unitalent is a Swiss product March 2018
Abstract I Abstract • • • • • • •
Abstract II Unique Selling Proposition?
Abstract III
Abstract IV
How does it Work?
Blockchain smart contracts ensure
transparency for the freelance
community, cut out costly middle men,
and reward community members for their
engagement.
Freelancers are paid through instant
escrow payments in cryptocurrency (TAT)
or payments in fiat money.
•
•
Abstract V
•
•
Token Economy?
•
•
•
Abstract VI • • • • •
One of the main motivations for freelancing is an underlying desire to take control of one’s own career paths.
unitalent in Detail
Outlook 1% of global target market in 2 years 300 Thousand users 800 million $ annual billing
“NZ helped us
to pull
together a very
competent and
experienced
team of
independent
consultants,
and to execute
our project
fast, flexible
and hands-on.”
Matthias Dörner,
On the freelance Manager Complaint
50 corporate
market since 2013 750 independent Handling, Zimmer
clients.
consultants
Delivered projects
10 million $ in
in 9 countries 85% client
revenues.
retention rate.The freelance
workforce is
the fastest-
growing
component of
the economy.
Figuring out
where it is
going is the
most pressing
question of
our digital age.
•
•
•TARGET MARKET
Approximately 20% of the global
freelancers are in the high-skill
segment.
30 MILLION HIGH-
SKILL
FREELANCERS
IN US AND EU COUNTRIES
TARGET MARKET
20-30% of
working age
population
IN US AND EU-15
GLOBAL MARKET COUNTRIES
5-6% YEARLY
INCREASE IN
FREELANCERS
162 MILLION
TOTAL
FREELANCERS
IN US AND EU-15 COUNTRIES
1.5 TRILLION
$ MARKET
FOR THE GLOBAL GIG ECONOMY
8MARKET PAIN POINTS
Along the customer journey, there are
several pain points in the freelance
economy. unitalent systematically
addresses them and presents viable
solutions for the stakeholders.
PROBLEMS WE PROBLEMS WE
SOLVE FOR SOLVE FOR
FREELANCERS CLIENTS
✓ ✓
✓
✓
✓ ✓
✓ ✓
✓
✓ ✓
✓
✓
✓
✓
✓
PROBLEMS WE SOLVE FOR BOTH FREELANCERS AND
CLIENTS
✓
✓
✓
✓
✓
10unitalent cuts the cost for freelancing by
more than 75%. We will minimise these
fees by providing a slim and cost-efficient
solution, connecting clients, projects and
freelancers directly on the blockchain.
unitalent has zero fees for freelancers.
unitalent is designed to cut-out the
middle-men and empower the freelance
community to find assignments directly
using a single global platform, facilitating
direct interaction between freelancer and
client.
Freelancer profiles can be
personalised and shared on the public
domain. They are designed to offer an
easy-to-build and free alternative to
today’s costly website templates.unitalent is an end-to-end solution. It provides the necessary tools to execute work on hourly-based or project-based assignments. Creating profiles, onboarding, finding or advertising projects, making appointments and communication, reporting, invoicing, and rating; all in one place. unitalent will exponentially expand the reach of freelancers and clients seeking expertise to a global level. unitalent creates a decentralised system of trust, that incentivises its members to participate. It distributes the gains of community growth through incorruptible smart contracts. unitalent will also guarantee the verification of freelancers’ profiles.
unitalent will create a comprehensive system of transparent, blockchain- secured peer-to-peer transactions. unitalent will create a unique transparent reward system on the blockchain. Its token economy rewards freelancers and clients for their engagement in the community and their contribution to the platform’s growth. unitalent provides a fair and transparent community dispute resolution without a central authority. Blockchain smart contracts secure the reward for the community members involved in resolving disputes.
On unitalent
every user
benefits
directly from
the growth of
the platform.
Every completed project on
unitalent generates TAT flow and
creates a buying pressure in the
market.Referrals will
be rewarded
automatically
and are made
transparent
through smart
contract
secured
transactions.
Client.
Freelancer.
(or consulting firm or unitalent.
recruitment agency)
Freelancer.
unitalent’s token economy is seamlessly
integrated in the platform. It is designed to
reward members of the freelance community
for working on unitalent, referring peers,
conducting peer reviews, help resolving
disputes, and reviewing or publishing content.TOKEN FLOW CYCLE
Securing Continuity
Payments from client to
freelancer are in fiat
money or in TAT.
Freelancer. Client.
Exchange.
unitalent.
Other
Freelancer.
TAT
17FEE MODEL
All functions to register, get verified,
find assignments, work and invoice
clients are completely free for
freelancers. Also, clients register and
search for freelancers without paying
fees.
unitalent has a
zero-fee policy
for
freelancers.
Free
services
unitalent cuts
costs for
freelancing by
more than
75%.
19PREMIUM SERVICES
unitalent’s premium services help in
several ways to speed up matching
procedures or take over administrative
hurdles such as payrolling or project
reporting.
TAT
The free
services on
unitalent are
complemented
by a range of
premium
products that
are paid in
Talent Tokens
(TAT).
20ENGAGEMENT PAYS OFF
FOR EVERYONE – PROFILE
STATUS
Freelancers earn up to 25% of the
platform fees for their efforts and
can get discounts on premium
services as their status on unitalent
improves.
4%
3%
2% Superstar.
Star. 25%
0%
Expert. 20%
Basic.
15%
Platform fee
10% reward to
freelancers
depends on their
status on
unitalent
The freelancer’s status depends on several activities:
• User profile completeness and up-to-dateness
• Grading received from peers (peer-reviews)
• Grading received from clients
21
• Number of completed projects on unitalent
• Content created or reviews given on unitalentPAYMENT TO FREELANCERS
For many high-skill freelancers, project
work is their primary source of income.
The crypto economy is growing to cover
most areas of daily life. For the time
being, unitalent also facilitates escrow
secured fiat payments for freelancers’
remuneration.
Payments from client
to freelancer are in
fiat money or in TAT.
Client. Freelancer.
Protected by unitalent escrow
solution. TAT payments are instant.
• If working on project assignments the amount will
be blocked in an escrow account.
• If working time and material the time sheet will be
invoiced to the client who pays the amount to an
escrow and has a time window to review the work.
Without objection the amount is released
automatically thereafter.
22COMMUNITY
unitalent is an open platform and can be
joined by every member of the freelance
community for peer-to-peer collaboration
on the blockchain.
unitalent serves as the
operating system for the high- Consulting firms.
skill freelance community. All
members can connect, offer
services and work through it.
23REWARD SYSTEM
The reward system is designed to
distribute TATs for EVERY executed
project by freelancers or the referred
users – among others.
TAT
Smart contract TAT
based reward
Consulting firms.
system Recruitment agencies.
TAT
25WHY USERS STAY ON
UNITALENT
Freelancers and corporate clients alike
have an interest to stay and work on
unitalent.
Freelancer.
Benefits of staying on
unitalent.
Client.
26TAT DEMAND
We are solving “real world” problems by
introducing a token economy. The
demand for TAT is directly related to the
number of projects executed on
unitalent and therefore to the work of
freelancers.
FIXED AMOUNT OF TAT # of TAT is
The total number of TAT is fixed
fixed, therefore the Talent
Token will face no inflation.
The token value is a matter of
supply and demand.
HOLDING DISCOUNT
0,8% discount for Token holders will be granted
12 months a discount which is paid every
month. The discount
corresponds to 0,8% of the
TAT someone holds and
applies for the first twelve
months after the ICO.
LOCKED DISTRIBUTION Locked token
PERIOD FOR TEAM distribution
To protect token holders after period for team
the ICO, the team and
advisors have long term
distribution periods for their
tokens.
27PLATFORM DEVELOPMENT
Since mid-2017 we are developing our
digital platform in Switzerland. The
product is presented to the community in
Zurich in April 2018. The digital platform
launch is planned in Q3 2018.
The design is
responsive and
supports Google
Chrome for Android
and Safari for iOS.
The mobile
application will follow unitalent has 200’000
shortly after the
responsive desktop lines of code in its first
version release. release version.
28✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
QUALITY ASSURANCE
On unitalent, the primary target clients
for freelance services are multinational
corporations. unitalent has a two-level
quality assurance to meet the high
standards for freelancers.
unitalent
verification.
Community unitalent
evaluation. evaluation.
Peer-reviews Online value &
personality tests
Client- Online
reviews knowledge tests
30PLATFORM ARCHITECTURE unitalent’s design seamlessly integrates blockchain technology. The blockchain secures trust and cuts out middle-men. All contracting (peer-to-peer), reward and payment mechanisms are secured in decentral data storages.
COMPETITIVE ANALYSIS
We are experts in the freelance economy
and have been active for 5 years. Existing
corporate clients and a network of
independent professionals give us a
competitive edge. But who are the other
blockchain projects in the freelance
market*?
321 Technological Excellence
Software and Product Development
2 Scale fast and smart
Penetrate global markets
3 Partnerships
On-board existing off-chain players
• We want to reach 1% of the global high-skill
freelancers within 2 years, which
corresponds to ~300’000 registered users
• This leads to ~800 million $ annual
freelancer billings on unitalent (based on
15% yearly active users with an average
18’000 $ billing/year)
• Considering the services ecosystem that we
will build for the community, the revenues
will be much higherOur roadmap to disrupting the labour market: • • • • •
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