<u>Current job market status </u>
- Cost of traditional hiring is high - estimated $4000 for a developer.
- High rate of failed projects due to HR resource and budget problems - estimated 60%.
- 70% of asked employers said they don't really trusted in resumes & linkedIn.
- Less commitment of product delivery and payment especially in cross countries.
- There is no freelancer platform that cares for the full process until freelancer's is completed.
- Switching from a fixed employee to remote work & freelancer is a big trend.
These problems show the huge need of having an efficient freelance HR platform. This is why bWorks was formed.
<u>Introduction</u>
bWorks is a new freelance HR application running on top of Cardano network that utilizes the power of smart contract plus its own algorithm to fulfill its mission.
It has two responsibilities:
- Find right freelancers for an employer's posted job, right jobs for a job seeker.
- Manage until freelancer's work is finished then transfer or refund the money. If the work is successful then money is transferred to the freelancer's account otherwise it will be refunded to the employer's account.
<u>An example</u>
Someone is a non-technical person he got fund from Catalyst and wish to have a developer to fulfill their project:
- He doesn't even know how to check if a developer is capable of working out the project so freelancer.com and linkedin.com are not a choice.
- He wishes to make sure the money is paid only when the product is built and delivered*.*
Also there is a developer who is capable to work out project but:
- He doesn't have linkedIn or resume, he needs a job with less time for interviews, submitting a resume, and code challenges.
- He wants to make sure his work is paid 100% even in cross countries before he starts to work.
bWorks is to solve above problems, proposer then has product delivered*,* never lose money for uncompleted work & developer has money for their work, the payment is always committed by smart contract*.*
<u>Features</u>
- High Accuracy of job selection for developers and bid selection for employers.
- Seamless service to cover all aspects of a freelance hiring process from job post until job is complete.
- Users have to verify its ADA wallet which is used for all payment transactions.
- Payment and delivery are executed through Cardano Escrow smart contract.
- No personal information is kept this to keep bWorks as a no Bias platform.
<u>Users</u>
- The employers who need freelancer for their project
- The Job seekers who are looking for a job.
<u>Main functions</u>
- Post job for employer and bid job for job seeker.
- Realtime suggests matched jobs for job seekers and matched bids for employers.
- Select matched jobs for job seekers and matched bids for employers.
- Negotiate and submit terms to a deployed smart contract on Cardano network.
- A deployed smart contract then rules the process of job completion delivery and money is transferred.
- Actionable and insight reports for employers, job seekers.
<u>Typical workflow</u>
- Employer post a job to seek freelancers for their project
- bWorks finds the matched job seekers then suggests the job.
- Job seekers place a bid to the posted job.
- bWorks suggests the top ranked bids to employers.
- Employer selects the right bids then negotiates the contract terms with the job seeker.
- Submit finalized terms to a deployed contract on Cardano network.
- If the job seeker succeeded at work the money will transfer to the job seeker, otherwise it will be refunded to the employer. This is executed by smart contract.
<u>Architecture & main modules</u>
bWorks contains off-chain code runs on AWS infrastructure and on-chain code runs on Cardano blockchain network.
The architecture includes backend REST APIs, 03 web frontend apps, 02 smartphone apps and the deployed smart contract on Cardano:
- Backend REST APIs & smart contract off-chain code.
- The deployed smart contracts on Cardano blockchain network.
- Frontend apps for:
- Employer
- Job seeker
- Admin
- Mobile apps for employers and job seekers.
Project tech stack: NodeJs, React and React native, MongoDb, Redis, Plutus and MarloweJs
<u>Impact to users</u>
- bWorks will simplify the hiring process and help employers and job seekers focus on work.
- Remove all bias to give an equal opportunity to everyone to spark new ideas and have paid jobs.
- With the power of smart contract It ultimately solves problems which http://freelancer.com, http://linkedin.com and HR person are impossible to do.
Impact to catalyst project and Cardano users
- Anyone technical or non-technical people is able to become a proposer for their idea with backed developers on bWorks.
- Any developer is able to have PAID JOBs and be guided to become a more valuable developer.
- Create loyalty and grow developer resources for Cardano and beyond.
- Proposers are easy to have on demand developer resources with limited budgets to fulfill their project.
Direct or indirect bWorks's success will benefit proposers, developers, community people or ADA holders.
<u>Project resource URLs</u>
Present with updated content: https://docs.google.com/presentation/d/1zlpmu2VrCYxaAlg_LW_HNIJ4cQINc0OBb3PtMdgQyeQ/edit?usp=sharing
Home page: https://bworks.app
Github: <https://github.com/adaboys/bWorks>
Please see attached images and full present for detail.
<u>Attract new users, become a profitable, busy application and generates high amount of value </u>
The internet report say:
- 14% of companies and 62% of staff are switching to the remote and freelancer world model.
- Freelancers represent about 36% of the global workforce in 2020.
- 91% of freelancers say the best days are ahead for freelancing.
- Freelance job postings rose by 41% during the second quarter of 2020
- Upwork has over 17 million users. Freelancer has over 30 million users.
This report showed the huge demand of quality seamless freelancer services, by providing unparalleled features that solve most toughest problems for employers and job seekers bWorks expects to attract a large number of freelancers and employers to become its users. This lead bWorks becomes a profitable application, generating a high amount of value.
<u>Utilize the power of Cardano Escrow smart contracts</u>
Cardano escrow smart contract is the heart of bWorks to rule all freelance job contracts. This to ensure the commitment of task completion from job seeker and fund transfer from employer. Once the task is not completed in time the money will be refunded to the employer.
This will lead bWorks's success result a large number of Cardano wallet submission, activity and smart contract transactions.
<u>Apply to Catalyst project</u>
The Catalyst project has been home for Cardano applications, proposers and developers. Apply bWorks to Catalyst community can result out:
- Solve the lack of Cardano developer resources for proposers by providing on demand HR solutions for their projects.
- Enable everyone to spark new idea to become a proposer got fund then become a business owner
- Grow Cardano developer resources in terms of quantity and abilities.
By its features bWorks will expect to unblock catalyst's potential by transforming more ideas to products, This will result in massive new applications that build on top of Cardano.
By combining a matching algorithm and the power of Cardano Escrow smart contract to ultimately solve toughest problems of the current job market and create new values bWorks highly reflect Challenge KPIs.
<u>Marketing strategy</u>
We believe help peopl solving tough problems and create value is best way to promote product so we focus to build bWorks to meet its defined expectations are our effort to market.
Help proposers and Cardano developers in Catalyst Project have the right freelancer and have the right jobs are the product's value. This is our first focus marketing strategy.
<u>Communicate out the values</u>
bWorks's mission is to connect employers and job seekers, protect both employer and job seeker from the risk of commitment. The values of this mission should communicate out:
- The accuracy of suggestion function to offer a job to job seekers and a bid to the employer.
- The commitment of delivery and payment through smart contracts.
- Encourage non-technical people to become a proposer with their idea at Catalyst project.
- Encourage a developer to own the challenged jobs and get it done at the Catalyst project.
<u>Marketing channels</u>
- Real customer to new customer through Catalyst and other Cardano communities.
- Public social channels: twitter, facebook, telegram, newspapers and website.
<u>Risks in development phase</u>
Risk: Lack of Cardano smart contract resources for developers include documents, libraries.
Solution*: Pay more attention to research and select the right development strategy.*
Risk: The limitation of Cardano smart contract to execute the complex payment model.
Solution*: have reasonable expectations at the first release.*
Risk: Lack of budget leads to lack of developer resources.
Solution*: do more with less, have proper priorities and expectations.*
<u>Risks in service delivery phase</u>
Risk: Stability of the system at first launch.
Solution: perform detailed benchmark tests to address the problems that need to be solved to confirm the system is good to go.
Risk: Less data to rate job seeker's ability for a posted job may lead to low accuracy of suggestion functions.
Solution: This problem may be solved by other methods like MCQ, code challenges, we should not expect perfection at this time.
Risk: Less users submission for a new application leads to a limit of bis suggestion to employers.
Solution: This could be solved by a marketing strategy stated in the above section in this proposal.