Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession

8m
cointelegraph

Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K

1h
cryptonewmedia

Altcoins Mark Return Of Bullish Phase But Analyst Warns Bitcoin Risks Drop To $5,600

1h
zycrypto

BTC’s Price is Either Going to Zero or Seven Figures

2h
cryptonewmedia

Why Bitcoin Needs Over $400 Million Monthly Inflow For Price To Maintain $7,000

2h
zycrypto

Bitcoin Dives to $7,000 as S&P 500 Tumbles: Is This It for Crypto...

2h
newsbtc

Stock Rebound is Trap, Go Bitcoin Instead: Galaxy Digital CEO

2h
bitcoinist

CME Bitcoin Futures Volume Finally Upticks Since March Crash, Is Institutional Investment Flocking Back?

2h
coingape

Former Facebook Exec: BTC's Price is Either Going to Zero or Seven Figures

3h
cointelegraph

ETH/USD Nearly Tests Critical 177.39 Level: Sally Ho's Technical Analysis 7 April 2020 ETH

3h
cryptodaily

Peak “Fear” Crypto Market Shows Big Bitcoin Recovery is...

3h
newsbtc

Ethereum (ETH) Gains Momentum Ahead of ‘ETH 2.0’ Upgrade

3h
cryptocurrencynews

What Makes DeFi Decentralized? Rune Christensen on Centralized Collateral and Decentralizing Make

3h
cointelegraph

Russian Darknet Criminals Sell $13M of Fake Cash for Crypto

3h
cointelegraph

Silk Road Founder Shares Update from Prison Amidst COVID-19 Pandemic

4h
utoday

Bitcoin Flashes “Warning Signs” After Facing Grim Rejection at...

4h
newsbtc

Ripple’s ODL Remittance Payments Are Blowing Up And Fueling XRP Rally

4h
zycrypto

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

4h
cointelegraph

March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading

4h
beincrypto

Half A Billion People Use Anonymity Tools |

4h
cryptonewmedia

The Block Crunch - Why "Scalability" is Misleading for New Blockchains - Emre Tekisalp (O1 Labs)

4h
letstalkbitcoin

Ethereum’s On-Chain Data Suggests ETH Is Significantly Undervalued At Current Price Levels

5h
zycrypto

The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?

5h
cointelegraph

Investor Sues Crypto Mining Firm Riot Blockchain to Pay $728K in Legal Fees

5h
cointelegraph

Famous British Rapper Explains Why Bitcoin Haters Will Buy BTC at $20,000

5h
utoday


Microworkers Taps Ontology (ONT) for Faster Payments and Identity Management

Microworkers, an online marketplace for freelance jobs established in 2010 by Nhatvi Nguyen, has integrated Ontology (ONT) into its processes, to enable lightning-fast payments with the ONT altcoin and also store users reputation data on the blockchain, according to a press release on February 27, 2020.

In a bid to facilitate super fast payments and protect the identity as well as reputation data of its users, Microworkers, a leading freelancing marketplace that claims to have more than 1.5 million workers, has integrated Ontology (ONT).

As stated in its press release, freelancers and employers on the Microworkers platform will be able to use their ONTO digital wallets to send and receive payments in a fast and cost-efficient manner.

Users of the platform will also be able to securely store and share their reputation data, as well as account history with each other securely, via their ONT ID in an encrypted format.

At present, more than 57.3 million people in the world freelance and this number is expected to surpass 86.5 million by 2027.

Despite the rapid growth of the gig economy, industry players are yet to satisfy the yearnings of freelancers for faster payments and more opportunities. However, Microworkers firmly believe that in addition to enabling faster payments for its users, blockchain integration will also increase the efficiency of its ecosystem.

Microworkers also hopes to tap the immutability property as well as the highly secure nature of blockchain technology to attest the credentials and reputation of freelancers on its platform.

What’s more, Microworkers hopes to use the Ontology blockchain network to support the growing demand for artificial intelligence (AI) by large firms building AI-powered systems.

Commenting on the Ontology adoption, Nhatvi Nguyen, the CEO of Microworkers reiterated that:

“In 2020, global demand for AI-training and human-in-the-loop task work is on the rise. We see blockchain and Ontology identity solutions as a way to deliver potentially much-improved services to freelancers and employees.”

Since the Ontology mainnet went live in June 2020, the network has attracted a good number of adopters.

As reported by BTCManager earlier in July 2019, popular bitcoin-friendly web browser, Opera integrated Ontology (ONT) into its processes as part of larger plans to promote the growth of decentralized finance.

At press time Ontology (ONT) is trading at $0.67, with a market cap of $430.53 million, as seen on CoinMarketCap.

Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments