In a new globalized world, many workers are finding new ways to participate in bigger and more distributed economies; but some barriers to globalization and outsourcing still exist.
What if the currency barrier were no longer a problem? How could that lead to more flexible cooperation between professionals in different countries?
A company called bitJob wants to start exploring this idea by helping students around the world find better ways to enter the workforce. Essentially, bitJob offers students the ability to participate in a platform based on cryptocurrency, to fund their education while giving them valuable work experience.
By building peer-to-peer models using cryptocurrencies, bitJob is hoping to revolutionize the ways that young people get access to the gig economy and how they plan their careers.
CEO Dror Medalion believes the company's efforts will provide big benefits to residents of countries like Algeria and Tunisia.
“With blockchain, geography stops being an issue,” Medalion told Maghreb News Wire on Aug. 28. “It allows us at bitJob to deploy a global employment program, which will give any student in Northern Africa an equal opportunity to work and earn a living with cryptocurrency from professional employers around the world. Students can use their earnings to purchase services, or with online merchants that accept cryptocurrency. BitJob is aimed at revolutionizing and empowering students everywhere, providing the necessary tools to compete in today’s competitive marketplace.”
Medalion also explained some of the practical ways that bitJob can open doors for young careerists.
“When I was a student years ago, I worked in jobs that didn’t help my resume or improve my skillset,” Medalion said. “I lost valuable years of experience. Now with bitJob, we’re changing the equation and giving anyone the opportunity to work online from around the globe. This provides many students occupational experience and the opportunity to earn crypto (currencies) in higher rates than they’re able to locally.”
Overall, Medalion touted new cryptocurrency systems as major tools for the renovation of financial systems that have, in the past, kept too many global citizens out.
“Blockchain helps empower marginalized groups and unbanked communities in a way that was never before thought possible.” Medalion said.