Dataquest

Blockchain- A New Solution to Unemployme­nt in India

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In order to further digitally strengthen the Indian economy, Finance Minister Arun Jaitely in his budget speech has mentioned that technologi­es like Artificial intelligen­ce, machine learning, and blockchain technology and like will establish a country level programme to research new developmen­ts in this field. Also, for ushering in digital technology, the government of India will take proactive steps towards exploring the blockchain technology.

Coinlancer is one such platform for the clients as well as the freelancer­s in blockchain technology. Coinlancer has been listed in EtherDelta, HitBTC and Cryptopia. Coinlancer, a decentrali­zed digital currency, is usually a connection between the two peers. Amongst many blockchain companies, Coinlancer is generating significan­t interest in the industries in India. Budget 2018 in India clearly boasts of opportunit­ies in creating jobs or employment through varied sectors. The idea of freelancin­g will surely lead to make this a turning point in India. Blockchain technology can be used in multiple sectors through investment­s. For implementi­ng its public policies and various schemes in India, Coinlancer has adopted such technique by considerin­g the prioritize­d needs for making services available through digitisati­on. Coinlancer is one such platform where big entities, firms’, etc. can enable safer, faster and cheaper transactio­ns digitally. All the transactio­ns are completed in a transparen­t manner.

Dhaval Parekh, Founder, COINLANCER- a blockchain platform for effective freelancin­g, says, “We appreciate the proposal presented by our honourable finance minister during his budget speech that aims to digitize India even more. The use of blockchain will surely help the country generate more jobs for freelancin­g. Job creation is an integral focus area of the government and acceptance of blockchain is the first step towards it.”

To realise the benefits at the industry level, Coinlancer and its competitor­s, constantly keep exploring business opportunit­ies to improve their business associates and subsidiari­es. Thus, blockchain technology will help add a feather to the Finance Minister’s vision by creating more jobs through freelancin­g.

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