What is PoLN ?
Designed by fairhive-labs, PoLN protocol serves as the foundation for a new decentralized work-based economy, synergizing wealth creation and fair distribution.
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Designed by fairhive-labs, PoLN protocol serves as the foundation for a new decentralized work-based economy, synergizing wealth creation and fair distribution.
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In the rapidly evolving landscape of today's global economy, the PoLN protocol emerges as a pioneering solution, ready to address both present and impending challenges.
In essence, PoLN provides a cohesive blueprint for the future, effectively synergizing decentralized technologies with the fundamental principles of work and wealth distribution.
It's not just a protocol; it's a movement towards a more equitable and efficient economic model.
Drawing inspiration from a poker game where a reshuffle can change the dynamics of the table, PoLN reshuffles the deck of traditional roles.
PoLN represents a profound paradigm shift in the world of work.
Traditionally, the professional landscape has been primarily linear, with a direct pathway between an employer and an employee, or between a client, a recruiter, and a talent. This setup, although established, often confines roles and responsibilities, creating potential inefficiencies.
Moving away from the straightforward employer-employee dynamic or the classic recruiter bridging client and talent, the PoLN approach introduces a quadrant-like model, vastly more expansive and multidimensional!
This quadrant framework allows for an unparalleled degree of flexibility, collaboration, and adaptability. With these distinctions, the system becomes inherently more virtuous, ensuring every participant has a clear, meaningful role and is accorded the respect and value they deserve. It promotes inclusivity, ensuring no talent is overlooked, and efficiency, by aligning the right skills and expertise with the appropriate projects.
Drawing inspiration from the concept of a close-knit group like in 'The Lord of the Rings', the fellowship in the PoLN context is a cohesive unit composed of agents, contractors, and mentors.
This unit collaborates, each member playing a unique role, to ensure the successful execution of projects introduced by the initiators.
Together, they embody the collective strength and synergy of the PoLN protocol: they bring diverse skills and experiences, fostering collaboration and amplifying results.
Agents act as facilitators in the PoLN ecosystem.
They have expertise in recruitment, business, and sales, and play a pivotal role in establishing business deals between fellowships and initiators.
Moreover, they excel in building connections, ensuring that the right expertise is matched with the appropriate project.
Advantages:
Formerly known as clients in the traditional paradigm, initiators are project owners or entities seeking specific services or solutions.
They bring forth tasks or projects and finance them, engaging with the PoLN protocol to find the right expertise to fulfill their objectives.
Their financial commitment to the protocol not only ensures the execution of their projects but also supports the equitable distribution of rewards among the fellowship.
Advantages:
Mentors are professionals with vast experience in their respective fields.
They support contractors by providing advice, sharing knowledge, and overseeing the quality of the contractor's work.
Mentors also play a crucial role in performing technical assessments to ensure that:
project standards are met and exceeded,
the community continues to grow in its proficiency.
Advantages:
Previously referred to as talents, contractors are vetted experts who perform the tasks set by the initiators.
They possess the technical know-how and skills to execute projects and are a critical driving force behind the completion of the tasks at hand.
Advantages:
Within the PoLN framework, escrow services act as trusted intermediaries that hold funds.
They secure not only the payments from initiators meant for task completion and protocol fees but also the staked funds from fellowship members. By requiring fellowship members to stake, the system ensures they are fully invested in the success of the project, truly having "skin in the game." The staking serves as a commitment to the quality and timely delivery of their work.
Funds from the initiators are released to the fellowships once predefined conditions or milestones are met, ensuring that the contractors deliver as promised. Conversely, the staked funds from fellowship members are returned upon successful completion of their roles, compensated fairly for their services.
This dual-function of the escrow system reinforces trust, ensuring security for both initiators and fellowship members, and emphasizes a shared responsibility and commitment to excellence.
With this new framework, PoLN, through its dynamic fellowships and committed initiators, aspires to reshape the landscape of work, all while embodying our ten core objectives.
The creation of a supportive community lies at the heart of PoLN.
Within this community, distinct fellowships of agents, contractors, and mentors drive stability and unity. These fellowships cater to the needs and expectations of initiators, ensuring the realization of their visions and projects.
Inclusivity within the fellowship is championed by agents who connect diverse contractors to various initiatives without any discrimination. The sole factor determining a contractor's ability to join a fellowship is their skill set and capacity to deliver high-quality work in a timely manner.
Mentors ensure that contractors overcome biases and obstacles, and the entire fellowship endeavors to craft an accessible economy for initiators to bring forth their projects.
The significant value PoLN places on individual contributions is evident...
PoLN utilizes a blockchain-based technology to empower labor, ensuring every individual's contribution is recognized and fairly compensated.
Initiators set the foundation with their projects, agents align the right fellowship to the appropriate project, contractors bring their vetted expertise to execute, and mentors support with valuable insights and guidance.
Wealth distribution within the PoLN ecosystem is carefully designed. We have developed a system that ensures fair distribution among all community participants, encouraging members to work cohesively toward a common goal.
Fees provided by initiators are judiciously dispatched to fellowship members.
Agents negotiate fair deals, mentors oversee that contractors' efforts are appropriately valued, and all this converges to ensure a just distribution of rewards.
PoLN leverages blockchain's transparency to maintain the highest ethical standards across all economic activities, minimizing fraud and corruption.
Initiators are encouraged to bring forth principled projects, agents maintain transparent liaisons, contractors operate with integrity, and mentors, with their vast experience, ensure that all interactions within the fellowship remain transparent and ethical.
PoLN harnesses the prowess of advanced crypto solutions to achieve its overarching objectives.
By employing smart contracts, it ensures transparent, automated, and tamper-proof transactions.
Initiators fund their projects through crypto, agents facilitate and streamline these financial exchanges, mentors offer guidance on optimal crypto practices, and contractors benefit from prompt and secure payments.
Additionally, integrated escrow services enhance security by safeguarding funds until predetermined conditions are met, optimizing both the safety and efficiency of the wealth exchange and payment processes.
The fellowship within PoLN emphasizes both active participation and genuine commitment.
Agents, contractors, and mentors are required to stake, ensuring they truly have skin in the game.
Agents tirelessly forge new connections, while contractors are dedicated to delivering quality work.
Mentors provide seasoned insights, guiding the process.
Initiators play a pivotal role by bringing in innovative projects and are additionally incentivized with rewards upon successful completion, ensuring a win-win dynamic for all involved.
The rules and protocols of PoLN are shaped by the community's needs.
Agents gather feedback, contractors provide insights from their on-ground experiences, mentors advise on alignment, and initiators remain adaptable, all ensuring a cohesive and adaptive protocol.
PoLN's fellowship is future-ready.
While initiators introduce transformative projects, agents connect these with the most suitable contractors.
Contractors bring fresh perspectives to the table, and mentors share their wisdom, ensuring the work-based economy remains at the cutting edge.
Trust forms the bedrock of the PoLN ecosystem.
Initiators seek reliability in results, agents strive to build lasting connections, contractors work with dedication, and mentors ensure that the quality and integrity of work are never compromised. Together, they make PoLN a beacon of trust in a decentralized work-based economy.
PoLN's use cases serve as examples that aim to overcome traditional workforce barriers, introducing a new model for employment and wealth distribution:
Global Microtask Platforms: Creating opportunities for individuals worldwide to perform small tasks, paid in cryptocurrency via a stablecoin, thereby connecting a diverse and global digital workforce.
Decentralized Self-Employment/Freelancing Networks: Facilitating platforms where self-employed individuals and freelancers are paid in cryptocurrency via a stablecoin, promoting independent, flexible work arrangements with minimal transaction fees, and making self-employment more accessible and financially viable.
Funding Community-Driven Projects: Utilizing cryptocurrency to fund local projects, fostering job creation and aligning work with community needs for grassroots economic development.
Universal Basic Income (UBI) Implementations: By distributing Universal Basic Income via a dedicated foundation in cryptocurrency, PoLN sets the stage for entrepreneurial ventures and community-focused work. This method offers a consistent financial safety net, facilitating innovation and involvement in local projects. It bolsters a work-based economy that values risk-taking, creativity, and a spectrum of professional pursuits.
Skill-Based Educational Incentives: Rewarding individuals with cryptocurrency for acquiring new skills, thus fostering a more adaptable and skilled workforce.
Social Impact Bonds on Blockchain: Financing social projects that create employment or enhance workforce skills, with returns based on project success.
Cryptocurrency-Enabled Peer-to-Peer Lending: Offering loans to entrepreneurs and small businesses in underserved regions, encouraging business growth and job creation.
Retirement Plans in Cryptocurrency: Supporting diverse work arrangements by providing independent retirement plans in cryptocurrency, especially beneficial for freelancers and gig workers.
Enhanced Job Opportunities in the Tokenized Real Estate Sector: Lowering entry barriers, the PoLN initiative’s approach to real estate tokenization fosters job opportunities in property management, development, and maintenance. Encouraging entrepreneurship, this model opens the real estate sector to a wider range of professionals. Simultaneously, it boosts demand for blockchain and smart contract experts, aligning with the technical needs of a digitized property market.
Rewards for Ethical Supply Chain Practices: Driving job creation in sustainability management, ethical sourcing, and supply chain verification, PoLN's focus on ethical supply chain rewards incentivizes responsible production. This initiative stimulates demand for skilled professionals in these essential areas, bolstering a sustainable job market. By fostering a culture of ethical consumption, PoLN contributes to a work-based economy that values and creates sustainable employment opportunities.
Each use case embodies PoLN's vision of a new economic era, marked by inclusivity, innovation, and equitable growth in the global job market.
Disclaimer:
PoLN protocol is not another recruitment product, it's a work-based system!
To be explicit, PoLN is not merely an application or service aiming to capitalize on the business dynamics between clients and talents. Unlike traditional recruitment platforms that profit from such interactions, fairhive-labs neither takes a cut from these relationships nor intervenes in contracts or agreements.
Instead, fairhive-labs operates as a transparent and hands-off entity, focusing on fostering genuine interactions and trust within the community.
