With the world moving to teleworking faster than ever, and self-employment becoming indispensable for companies in ways like never before, it is clear that the hiring process is lagging behind.

The most important freelance platforms are client-centered. Employers often have more power than the self-employed when it comes to conflict resolution, handling and payment. Payments to freelancers are subject to hidden intermediate fees and long withdrawal times. Based on the blockchain ecosystem, HYVE wants to solve the problems of the independent industry using a decentralized platform.

Launch of the main network
With a four-phase distribution, HYVE launched its core network on the Ethereum network (ETH), immediately followed by Binance Smart Chain (BSC) with plans for the future of Polygon (MATIC).

Currently, freelancers and clients can access the HYVE app using their MetaMask wallets, with scheduled access to WalletConnect, Authereum and HYVE, a private solution. Once registered, users can be either a client, a freelancer or both. Once the account is set up, users can create or submit task requests and start working on any supported thread. The statement is registered in the chain as soon as the customer makes the payment to the deposit account, and the collaboration starts.

Continuous testing of the platform, as well as collecting and executing feedback from users, has been an important step during HYVE’s rollout, to ensure transparency and ensure that the community’s concerns are expressed and resolved in an efficient and hassle-free manner. The final phase of the rollout will consist of the rollout of additional features, including a bid-and-bid collaboration model and a surprisingly new model.

Work in progress
The HYVE client provides a simplified way for users to create assignments and for freelancers to apply for them. The ecosystem consists of Decentralized Autonomous Organizations (DAOs), also known as HYVEs, which are similar to agencies in a traditional workforce, where more users can join and contribute to various projects. Thanks to blockchain technology, DAO members are paid automatically based on their contributions.

Payments are automated and made quickly and securely using smart contracts, making procedures irreversible, unchangeable and protected from unauthorized access.

More information here
For many blockchain platforms, HYVE is entirely community-driven. HYVE Token is also a platform management tool where token placement allows token holders to have a greater impact on the current and future development of the project.

The main goal of HYVE is to eliminate independents and job brokers. Depending on the currency in which the statement is paid, the estimated commission varies from 0% to 2%. Users get a chance to reduce their commissions by paying them in HYVE, automatically burning the collected tokens and removing them from the total. In addition, half of the fees collected are returned to the Community repository and later returned to the ecosystem.

HYVE also collects fees from Launchpad that goes to the shared vault, and supports game vaults and a community-led vault. In addition, advertising fees go to shared storage and support liquidity recovery pools.

I’m looking forward to
The HYVE protocol can be accessed through the main client, which also acts as a wallet and node. The protocol can inject updates and new features through the client much more easily than a decentralized web application (DApp).

The last year has been more than eventful for HYVE. The security companies CERTIK and CyberUnit have successfully audited the company. In terms of partnerships, HYVE contacted well-known crypto-influencers such as JRNY Crypto and MONEY KING.

HYVE attended the 15th Global Office Investment Summit organized by Sir Anthony Ritusa, where HYVE CEO Theodore Stumpf was awarded the prestigious Lifetime Achievement Award, a testament to the global recognition of the platform’s potential.

Source: CoinTelegraph