The Work Quest team discovered that there was a massive opportunity existing in the labor market. Employers’ problem finding the right personnel with the right mix of skills has always coaxed them to fall prey for the low-level quality services. On the other hand, job seekers with the right skills find it challenging to find good employers. It’s quite evident that there’s a huge difference in the distribution of skills worldwide.
Work Quest creates an international platform that aims to solve this through a bridge. This bridge connects both the employees and employers by using blockchain technology and smart contracts. Work Quest’s ecosystem consists of a payment system that uses both a stable coin and the Work Quest token (WQT). The token, WQT, is used as the voting token in the Work Quest DAO. Holders of the WQT are responsible for making any changes voted for in the Work net blockchain.
A crypto-collateralized stable coin by the name of Work USD (WUSD) is used by the Work Quest ecosystem participants to conduct their payments of services. All these activities won’t be managed by any central authority, but the Work Quest DAO.
The Work Quest DAO is a decentralized internet entity that has no central management or authority. It’s mainly run by a set of predefined, enforceable, automated instructions written on a smart contract on the public blockchain.
Below are the prime anchors that make Work Quest different from other job boards:
1. The Work Quest Platform is based on Blockchain Technology
All crypto enthusiasts know that blockchain or decentralized ledger technology is the future of the internet. Blockchain technology gives its users full control of what happens in their accounts and even manages their digital assets. Not only that, decentralized ledger technology offers transparency and security of all its users’ information. This is the prime reason why Work Quest was developed on top of the blockchain.
As the user, you’ll be able to see everything that goes on in the platform since any information found on one ledger (block) is simultaneously copied in the other blocks for the users of the Work net blockchain to see and verify.
Everything you do on the Work Quest platform, be it paying your employees, or working for your employers will be saved and copied as verifiable information in every block. This means you can trace all that happens from the information you find on the blocks.
2. The Work Quest Platform is run by a Decentralized Autonomous Organization (DAO)
Unlike most job boards that are regulated or in simple terms, run by a central authority, Work Quest is ruled by a decentralized autonomous organization (DAO). The DAO is primarily the nodes or users of the platform that own the Work Quest token (WQT). A set of predefined, enforceable laws or rules written on a smart contract in the form of code is what governs the whole function of the Work Quest DAO.
3. The Work Quest Platform Rewards its Users.
This is the other thing that makes the Work Quest platform unique from other common job boards you know. That’s right. You’re rewarded for using the Work Quest platform DeFi functionality. The rewards are normally in Work Quest Token (the native token of the platform), and the Work USD (WUSD). This feature not only makes the users motivated to continue using the platform but also shows that Work Quest appreciates the efforts made and the time the users spent on their platform.
The Bottom Line
Work Quest is the platform that connects job seekers and hirers in the most democratized way possible. Besides, the platform’s users are rewarded for their time using the functionality of the WQ platform. Unlike centralized job boards, everything in the Work Quest platform is transparent. This prevents people from getting duped or conned by anyone.
