Benefits of building blockchain-based applications

Context Specific

Temporary Employment Management with Blockchain Software System

First, blockchain and smart contract provide transparency into the negotiation process, allowing employees to access to the previous information regarding the average payment, and allow external auditor such as Union to verify that the offered salary follows the smart contract code. This, this transparency reduces the power imbalance between two parties in the negotiation.

Second, the smart contracts ensure that the payment would happen with the right amount and at the right time. This prevents the employers from delaying or reducing payments.

Third, smart contracts also help to ensure that the funds / payment is only released when the employee has fulfilled all conditions.