Bitwage continues to make a name for itself in the payroll business. The company has announced the launch of their new “My Employment” feature. This new offering lets users create a payment-verified professional profile, and creates a reputation system for Bitwage users. This should help freelancers and other remote workers increase their [international] client base. For a lot of people, the Bitwage service is a solution to a lingering problem. Getting paid, especially when contacted by someone over the internet, is not an easy feat. A lot of workers deal with delayed payments, or they end up losing a lot of money due to intermediary fees. Using Bitcoin for this type of business is a no-brainer, and Bitwage has been merging the two worlds since July of 2014. While the company makes it a lot easier for workers to receive payments at cheaper rates, it did not solve a bigger problem. A lot of freelance workers struggle to find new clients to work for. Since none of the existing Bitcoin-oriented platforms offers a viable reputation system for paid work, Bitwage has come up with a solution. The Bitwage “My Employment” Feature The “My Employment” feature lets users set up a reputation based payment account. Companies and entrepreneurs looking for freelancers will see if users have been paid successfully in the past for completing specific tasks. Moreover, this new platform will show potential clients payment-verified information of the worker. Since Bitcoin is used as a payment method, that information is logged on the immutable Bitcoin blockchain. There are two different types of reputation systems in the world.Review-based reputation does not tell the entire story, as it is easy to manipulate these records. Payment-verified reputation, however, is impossible to manipulate, as money has to be sent before reputation is earned. What […]
