What is KONNECTEUM?

Konnecteum

Today the unemployment level in India is increasing day by day. Not only Unemployment but also the Dissatisfaction of the employer, Present COVID situation these are some challenges that we are facing today. This is our small step to counter these problems, Konnecteum brings you a lot of new opportunities so that you can earn money more and make your lifestyle better.

What is KONNECTEUM?

Konnecteum is India’s first Blockchain-based freelancing platform. The future of freelancing in India looks shining. Konnecteum allows you to choose work that you want, when you want and where you want. The term Freelancing referred to additional work that you do for earning extra money. But this concept is old now. As technology changes rapidly the work profile and work culture also change. Freelancing directly counter the traditional 9 to 5 work mentality that has dominated the western employment mindset for over the century.

The freelancing culture in India is growing rapidly. It the most popular way among youth, corporate professionals, women who want to work, and job seekers. Today India has the second-highest number of freelancers after the US. Freelancing brings flexibility in your working but its economic value goes beyond the footprint. Today in the US the impact of this gig economy is close to 1 trillion dollars which are nearly 5 percent of US GDP. Konnecteum opens the door for people to turn into freelancers as opposed to their regular jobs. Many freelancers earn the same amount or more than that they earned in their regular job. Studies suggest that self-employment is currently growing at an average rate of 3.5% in many countries around the world.

Today the number of freelancers in India is a whopping 20 million individuals, working independently in a wide array of sectors. As per some reports, the number of freelancers in India will grow to a whopping 30 to 35 million by 2025. According to a report published in 2018 by digital payment company Paypal, freelancers in India earn 19 lakh per annum on average. In the survey conducted by Paypal on 500 freelancers, it found that 23% of the freelancers earn up to Rs 60 lakh annually, 13 % earn 10-15 lakhs per annum, 8% earn 7.5-10 lakhs/annum, while the rest 23% earn an annual income of Rs 5 lakh. Steven Reubenstone, Founder of Collaborizm, an online collaborative community-based in Miami, US, says that 75 percent of the 115,000 individuals on the platform are freelancing from India.

Why KONNECTEUM?

Today the unemployment rate in India by March 2021 is about 7 percent. It does not mean that we do not have skilled manpower or an employer. Today in India micro, small, and medium scale industry is growing fast. But the major problem that this industry is facing is their budget limitation so that They not able to hire good and professional talent. On other hand, many students in India want to earn money for survival in their academic years. Women who are housewives in India not able to explore their talent and skills because of their responsibilities and cultural boundaries.

During recession season many organizations implemented different cost-cutting strategies. In 2012 the ILO reported that more than 200 million people had lost their job due to high inflation. According to the Economic Times, 70% of firms in India used gig workers in 2018, and 73 % of freelancers in large segments indicated they would prefer to continue work independently. According to the report published in the business line, India witnesses a 46% increase in new freelancers from Q1 to Q2 in 2020. 

Today outsourcing is a new business trend adopted by many organizations for cost-cutting. And because of the corona pandemic, this trend drastically increases. In this corona pandemic period, many of us are doing work from home. This saves lots of infra costs for organizations. Cost of their electricity, water, food, and other amenities for workers. Today freelancing counters, unemployment. As relaxation is imposed to curb the spread of COVID19 ease, freelancers are bouncing back with revenue growth. The pandemic has changed the future of work with increased technology adoption, stating that “a permanent change in the global workforce is inevitable.” In India, we see how much migration happens every year for job searching. Here Konnecteum is the answer for you, if you have skill talent you can work whatever and whenever you want.

Konnecteum opens the door of opportunities for you. We believe that every person has certain skills. But everyone is not getting the kind of opportunity that they deserve. Many people have multiple skills and multiple talents. A person who works as a software developer may have the best artist or content writer also. You can explore your skills on Konnecteum and get what you deserve. Konnecteum is proving to be a boon for micro, small and medium scale industries in India. Here these industries easily get matching and expertise talent within their budget boundaries. Most of the freelance jobs are from micro and small companies.

Most of the large companies are also working with freelancers because it allows them to access skills and expertise. Different cities have different talent pools. For example, the IT and automation-related experts in Bangalore might not want to relocate but are open to working remotely. Today most of our employer use foreign platform for their work and many Indians also work there as a freelancer. Payment received by the freelancers in India is less than that of their counterparts in other parts of the world. So, this is India-made solution comes before you. Konnecteum is the best platform for the rising culture of startup and entrepreneurship in India. If the momentum came from the startup revolution, the result will be a boom in the freelancing industry in India. This gig economy helps the Indian economy also.

India is the country with the youngest population. Many of our young minds did not get the deserving opportunity. Remember one thing, “you can make your place by yourself”. So, Konnecteum is that place for you. Konnecteum is a place where all buyers and sellers come together. Just need any skill you have. An article published in Forbes points out that demand for freelancers in the field of UI and UX design, digital marketing, artificial intelligence, and robotics is growing in the startup industries. Additionally, the demand for freelance chartered accountants, lawyers, and architects too is growing.

What is blockchain and how blockchain technology ensures data security?

Konnecteum is India’s first blockchain-enabled freelancing platform. Many people have no idea about "blockchain" and how it will be helpful?

In the era we live in today "data security" is one of the major threats that we are facing. Often we heard about many cyber-attacks, data leakage and so on. To bring in light, here are a few: 1. WhatsApp: Recently when whatsapp announced their new privacy policy, we saw many angry reactions among the people. 2. Facebook: In April 2021 we heard the news about data leakage of Facebook. Facebook data of 60 lakh Indian users were in public. So, the major questions that arise are "Is my data really safe?" and "Can I keep it safe for real?" The answer is not everyone keeps or respects the data of people. But there are a few technologies that can help in securing data

Wondering which technology helps in doing so?

The answer is "Blockchain". Blockchain technology ensures data security and immutability. And Konnecteum is one of those platforms that are blockchain-based. Enabling freelancers and employers to share crucial data without having to worry about security. Blockchain technology is one of the major breakthroughs of this century. It allows you to remain competitive, does not require the trust of any third party. Blockchain is encrypted by nature that makes it possible to provide proper validations. Here data stored in a number of blocks and these blocks are connected through nodes. If in case someone does change a data, then it is needed that all the nodes in the network verify that change is done. Blockchain is decentralized, encrypted and cross-checked which allows the data to be secure. Konnecteum respects user’s privacy and data security. We take asylum of this new technology for that. Konnecteum assures you about your data security and any kind of malicious attacks. So don’t worry about your data security. Signup to Konnecteum and explore opportunities in this new freelancing world.

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