The Features of the WorkQuest Platform

in #digitalization2 years ago

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Introduction

Decentralizing the employment sector is the big bang people are eager to witness. With the globalization of job recruitment and opportunities, the rate of unemployment in each nation has skyrocketed.

WorkQuest is a social project aimed at reducing unemployment while it links potential workers with employers in organizations, establishments, etc. Besides being decentralized, it lowers the cost of operations, has transparency, is backed by blockchain, and uses a secure database.

The Work Net

This is the WorkQuest blockchain. Work Net has a smart contract whose service will be principled on the communicative approach people should take towards the development and creation o products. With the blockchain technology of WorkQuest Platform, agreements are reviewed and signed by the parties involved. Hence, an application for the upcoming generation is developed through a smart contract system. Moreover, the smart system permits contracts between the parties while it maintains its position of keeping transactions. Contracts can be classified into various aspects including parameters; Time (when is the deadline?), Work (what should be done) and Budget (the cost of work done).

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The Savings Product

Work USD (WUSD) is the token used to reward workers. You can decide to lock the tokens for passive earnings on deposit or purchase other tokens of your choice with it. A 5% rate is rewarded to users whether they save much or for long.

Retirement Program

Users can also join the retirement program to help them accumulate a percentage of their tokens in their savings after work is done. Profit is made through this means annually as interest.

Payment Process

Every transaction on WorkQuest is carried out through the WUSD wallet with the application of Work Net; its smart contract. The requirements to join this platform are registering, creating a wallet, and recharging it. By doing this, you can work.

Work USD Wallet

This is the wallet for WorkQuest. It is a desktop app like Linus, Windows, and macOS to work with WUSD.

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Conclusion

The WUSD wallet is a payment system for making cheap and prompt transactions. The wallet is a mobile app for both Android and iOS devices. WorkQuest helps individuals become stable by providing productive jobs.

Projects Links

Website: https://workquest.co/
Whitepaper: https://drive.google.com/file/d/1UJu91wQLdjJQJLLZA2SqgLu9qqLktyQ0/preview
Telegram: https://t.me/WorkQuestChat
Twitter: https://twitter.com/workquest_co
Discord: https://discord.gg/U8k234ArHP
FB: https://www.facebook.com/WorkQuestOfficial/
Medium: https://medium.com/@workquest

Writers Details

Bitcointalk Username: Gadile
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2848249