Subscribe Technologies Inc. (CSE: SAAS, OTC Pink: SRBBF, Frankfurt: 6GQ) is pleased to announce the acquisition of GIGX, a crypto-powered, tokenized freelancer platform.
The gig economy is a growing online ecosystem through which companies offer temporary and often short term employment opportunities to independent freelance workers across borders, and around the globe.
At present, some 53 million Americans or 34 percent of the U.S. workforce are currently working as freelancers adding $715 billion annually to the economy through their freelance work in the U.S. alone*. A study by Intuit* predicted that by 2020, 40 percent of American workers would be independent contractors.
For its part, GIGX is a decentralized, secure, and easy-to-use freelancer platform based on Ethereum blockchain technology, that offers to disrupt the way people buy and sell freelance services online. To date, existing solutions offer to connect freelancers, but they are often expensive to use, with high transaction fees. With GIGX technology, it is the Company’s mission to integrate all digital service sellers into a unified Blockchain ecosystem, improving access, efficiency, transparency, and reliability, largely governed by an independent, reputation based model, and supported by easy token payments integration and a digital arbitration system.
At this time, the GIGX platform has been completed and is undergoing final reviews in preparation for launch. Once the GIGX platform is live, anyone around the world with a smartphone or an internet connection may start buying & selling their services on GIGX. Equally, it is also the Company’s intention to integrate the GIGX platform into its other cloud based software applications as well.
President and CEO Paul Dickson states, “GIGX is a very well developed crypto-freelancer focused brand and platform, and we look forward to helping decentralize the gig economy with this powerful resource.”
Subscribe Technologies develops, partners with, acquires, and invests in cloud based distributed ledger compatible software as a service (SAAS) solutions for small and medium sized enterprises (SMEs).