Insurelance

Maintaining stable income and work for independent contractors

Independent contractors are prone to the volatility of income and torrent of work during the year. In a good month the work is abundance thus the income, however the following months may have no work. Independent contractors that used to stable corporate jobs will find this volatility as a problem creating more problems. Independent contractors need to have a good cash management system and stable income. 

Insurelance connects independent contractors and job listings and providing them with a cash management system to make their income more stable during the year through a transparent, secure, safe and lightning fast blockchain apps based on Zilliqa Blockchain Platform. Zilliqa blockchain make it possible for nearly zero transaction costs and fast settlement. The prototype of Insurelance is to be written on Solidity Smart-Contract (Ethereum Platform) which can be easily converted into ZIlliqa smart-contract once the Zilliqa MainNet is up and running.

Insurelance eases the volatility of the gig economy so that new independent contractors transitioning from normal office work will find it easier to understand and won't be left behind. 

Currently, very few people use blockchain based applications because even a simple transaction can take a lot of time to process or can incur a huge fee. Enter Zilliqa Platform, the unique game-changing technology of Zilliqa facilitates the new possibilities for mass adoption of the blockchain-based applications. We aim to serve a huge community and to help them do transparent, fair, and low-cost transactions seamlessly.

Blockchain technology is the long-awaited solution for trustless and accountable platform. However, it is handicapped by the fact that the current platform can only perform maximum of 15 transactions per second. 

The design of Zilliqa supports thousands of transactions per second while maintaining strong security and decentralization. In contrast, Bitcoin and Ethereum can support only about 3-15 transactions per second today. 

The smart-contract on Solidity (Ethereum) is being written, we then need to wait for the Zilliqa compiler to be ready so that the existing smart contract can be converted into the Zilliqa platform and implemented on the Zilliqa mainNet scheduled in Q3 2018.

Insurelance is one of Noorcoin platform so that it can be used as the catalyst for adoption and traction. 

The Noorcoin platform serves 1.8 billion Muslim populations, as part of Noorcoin platform, Insurelance shall enjoy the network effect Noorcoin platform brings.

The solution will leverage on the Noorcoin platform captive market base. The independent contractors using the platform will have access into the solution by the means of Noorcoin platform. 

The solution is a dApp on Zilliqa blockchain platform, it is in the prototyping stage and can only be implemented in accordance with Zilliqa road map and timing.

The solution is a dApp on Zilliqa blockchain platform, it is in the prototyping stage and can only be implemented in accordance with Zilliqa road map and timing.

Noorcoin platform leverage on its affiliation with the Organization Islamic Cooperation (OIC) which has 57 member countries and the pilgrimage economy with 1.8 billion population base. 

The team is a part of Noorcoin platform and consist of experienced professionals.

The revenue model will be charging a minimal fee for each transaction so that it is enough to sustain the operational costs.

Solve has the vast network and access to the important resources including technological support.

For the solution to be workable, it needs to be developed on a robust, high-throughput and low cost blockchain platform. Currently, the only such platform is Zilliqa which still yet to be readily available. Solve can help to identify alternatives for this.