Startup To Solve Major Problems of Gig Economy By Building A Decentralized Network

In early 2018, a team of entrepreneurs in Singapore launched a startup called the Blue Whale Foundation, aiming to overcome the crucial problems of sharing economy, such as high commissions and no employment benefits for the self-employed.

It recently revealed its plans for building a decentralized ecosystem for the self-employed that will be able to solve their problems.

The project team is focused on creating a Decentralized Associated Network, a free marketing software enabling anyone to advertise for other services.

For the love of the gig economy Blue Whale Foundation representatives told Cointelegraph that the project is receiving strong support from the ICON team.

"Blue Whale will be an ICON decentralized application but will also have its own protocol for the decentralized M&A part", said company representatives.

The Blue Whale team plans for the DAN protocol to be ready by the end of 2018, while the decentralized applications will be revealed in the beginning of 2019.

Freelancers at Blue Whale's platform will be able to use the BWX tokens for not only payment, but also to expand their business, says the project's blog at Medium.

"Furthermore, through decentralized M&A, a new business will have the chance to start a decentralized ICO themselves so that they can proactively seize, and even create, opportunities within the economy."

Other projects with existing decentralized applications can also join Blue Whale Network to allow their freelancers and users to receive the benefits of the new platform.

As the Blue Whale team reported on Twitter, the project recently recruited a new advisor - Mai Gang, Co-Founder of OKCoin and founder of VenturesLab.