WorkCoin | Crypto-currency With Built in Escrow & Arbitration | Founder Fred Krueger | CoinAgenda (youtube.com)
WorkCoin
The first crypto-currency with built in escrow and arbitration.
Token Pre-Sale Starts
MARCH 1 2018, 4PM GMT

A crypto-currency for decentralized work.
TroopMarket is the first platform built specifically to address
the larger, higher-end segment of the knowledge worker
market. It is based on a pre-paid crypto-currency, the
WorkCoin, and is a fast and integrated arbitration and dispute
resolution process.


For the first time, buyers can safely buy
specialized services such as pre-paid custom legal document
creation, app testing, high end branding and design, expert
marketing advice and sales coaching. WorkCoins are held in
escrow via smart contract until completion of the job. If there
is a dispute, arbitration is done by a third party who reviews
the project collaboration logs and makes a quick decision.



Because all payments in and out of the marketplace are made
in an irreversible crypto-currency, TroopMarket is not subject
Abstract
to buyer fraud (stolen credit cards / spurious chargebacks),
and can operate with extremely low margins. This in turn,
allows the marketplace to operate in a fully transparent way;
users are not only encouraged to submit real-identity
credentials such as LinkedIn or GitHub, these are in fact
required.


This means buyers can investigate and vet the
service providers before committing to buy. And, if they do
buy, unlike simple peer-peer transactions, there is the
additional comfort of third party dispute arbitration.
The first iteration of our product is live at
http://troopmarket.com, and as native apps in the iOS and
Android app stores.


Our development roadmap is to move
the listing and reputation data itself to a public shared
blockchain and open it up to the development community.
We believe that this model of using crypto-currency together
with a marketplace and arbitration represents an inflection
point in the use of blockchain as both a payment mechanism
and a shared database of human services, reputation, and
arbitration history.


In the same way that we now search for
information on Google, we will soon be able to search for and
buy expertise, creating a new, distributed and shared “Internet
of Work”.

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