Honor | Decentralized informal Career Ecosystem -
EXECUTIVE SUMMARY
JUBS Tecnologia em Serviços LTDA is a Brazilian startup company idealized in 2015, selected
by the largest accelerator in Brazil - Inovativa Brasil - among the 300 most innovative Brazilian
startup companies in 2017.
This document presents the new HONOR cryptocurrency as a fundamental basis for payments
and rewards for reliable indications of platform professionals JUBS, the first service-based
recruitment community based on nominations and reputation work.
JUBS was released in its version 1.0 in the form of a services marketplace application after
extensive market research and product validation.
Throughout the process, it has established solid partnerships with companies like Microsoft,
Amazon and Facebook, and today undergoes a strategic transition of decentralization,
migrating from the competitive business model to the cooperative.
The JUBS platform initially emerged as a solution for anyone needing professional help to
complete a task or perform a service, be able to find reliable people between your network of
friends and region, bringing the process of contracting offline services to the technological
environment, with a focus on the needs of the average user.
Faced with the development and consolidation of the Ethereum blockchain technology, the
new concept of decentralized applications offers the most promising path to JUBS dream of
creating a sustainable future for modern working relationships.
HONOR emerges beyond being a transactional cryptocurrency, but also a token utility
that powers the entire JUBS platform. That includes:
A decentralized market for the supply and demand of work, services and tasks. The
conversion of bank credit, installments and fiduciary currencies in crypto payments of
recurrent or recurrent services. The permanence of the informal history of work and
professional identification unchanged. The maintenance of rewards, punishments and
professional reputation in a transparent manner. A trustworthy and conflict resolution online
and offline services. Immutable records of communication and collective liability insurance. In
addition to intelligent provision of services and execution of extended guarantees.
It was developed under the notion of only the feeding of the JUBS platform, but of building the
decentralized community of service exchange between clients and professionals of the Latin
America, with the main objective of being the primary source of revenue and between
young self-employed workers.
The HONOR cryptocurrency (HNR) will be distributed at a ratio of HNR per 1 ETH to
participants - based on the daily rate - in the initial contribution period, which is beginning on
January 15th, 2018. The initial contribution period will be for 4 weeks or in less than 24
hours if the 15M USD ceiling is reached (described on page 22).
THE STRESSFUL SERVICE EXPERIENCE
Facing the cultural insecurity in the service market in Latin countries, the need to find a
someone with good character and qualified to provide any type of service triggers a series of
stresses and clashes in the whole process of supply, demand, hiring and delivery.
Demand Depletion
In the position of client, who faces the need to find people who are well-known, good-natured
and qualified for any type of service, we look for indications in our own limited social circle,
getting contacts from few known professionals who dictate prices, and conditions arbitrarily.
Outside our social circle, we come across completely unknown professionals, establishing an
unavoidable vulnerability to acts of dishonesty, harassment and also the lack of assurance that
the service will be well executed, generating a deep sense of insecurity.
Offer Depletion
income using our abilities we spread our services among friends and acquaintances in the
hope that there will be a qualified demand enough to live with a decent, predictable and
significant income.
Hope that most often causes financial problems and frustrations when facing unpredictability
of demand.
When you try to get new customers, you hire advertisers or intermediaries, thus increasing the
risk of getting high volume of profiteering, opportunistic, disinterested or even fake customers.
All of it leads to insecurity in the face of possible defects and poor working conditions, in
addition to the significant loss of time and money.
Hiring Depletion
While we are customers, when we find the professional after a long search and cost survey,
benefit and reliability, we deal with completely informal payments, without defined contracts
and responsibilities, allowing a huge opening the possibility of fraud.
Payment Depletion
Approaching uncertainty about informal settlements, many professionals define advanced
payments in kind as a prerequisite for service delivery, generating unnecessary negotiations when there is no mutual trust that payment will actually be guaranteed and that the service will
be well executed as requested.
Such suspicion is confirmed almost daily when unfamiliar and dishonest professionals pocket
early amounts without completing the service or when malicious customers fail to comply with
their obligations, postponing payments or simply defaulting.
The complexity of the process is further worsened by the scenario in which the supply of
services with payment by credit card by self-employed workers is extremely small. Recent
data indicates that around 47% of brazilians avoid places that do not accept card payments. In
2016, purchases made through credit cards in Brazil moved approximately US $ 300 Billion
dollars.
One of the probable causes of the low adhesion of the professionals to the credit card as a
form of payment can be the complexity in the collection of rates and the extreme bureaucracy
in the formalization to offer of credit and receipt. In addition to the traditional rates of financial
institutions, in relation to international services, it is estimated that about 30% of professional
income is paid in exchange rates and government taxes of up to 15% on national services.
Delivery Depletion
Every service is subject to errors, accidents and additional costs, there is no delivery of
information as simple as it raises, causing conflicts and disadvantages that are never solved,
causing direct or indirect losses that go unnoticed in new hires due to the lack of transparent
history of transactions between clients and professionals in the service market.
Post-Services Depletion
The greatest frustration of service providers is the difficulty in proving their success stories
and justifying the price charged for the quality of services performed considering their
professional background, level of technical qualification and compliance with the ecological
and legislative requirements demanded by the market.
This need is so present that Linkedin has linked 500 million professionals on average.
However, the Linkedin model does not fit the needs of this informal public in announcing their
qualifications and also in not meeting the needs of customers who want to find the best
service providers.
ESTABLISHING A NEW EXPERIENCE
And if we could outsource all the daily tasks to nearby people we can trust, available for 24
hours, who will do the work better than ourselves and with the assurance that everything will
go well or that we will have the guarantee of our money back?
What if we as professionals find unlimited opportunities to monetize our talents by providing
services to honest clients with the certainty that we will be well rewarded, earning extra
money for everyone with good reputation indication?
We are not talking about repairing a traditionally poor labor system, we are talking about
reorganizing an entire structure of labor relations and remuneration with an innovative,
organic, flowing and collaborative experience, allowing each person to be able to do his work
with free time, regardless of location or profession, where their main focus is on their skills,
excellence and performance in the use of their personal skills.
THE JUBS ECOSSYSTEM
JUBS is innovating in the service provider segment solving chronically and unfeasible
problems which would be impossible without the blockchain technology. With "tokenID"
immutable authentication technology, performance and reputation ratings are made up of real
evaluations, with a history of services and actions saved in the blockchain, granting the
reliability of the information, prices and will result in quality services at a fair price.
BLOCKCHAIN TECHNOLOGY APPLIED TO SERVICES
The Blockchain technology offers unprecedented possibilities for success, grants and rewards
between customers and service providers. Basically, it is an open ledger, which can catalog
transactions between two parties in an efficient and transparent way.
Since its inception, it has been disrupting many industries, including banks, insurance,
property, as well as art and music, and is being mainstreamed because of the full transparency
possibility, decentralization, democratization, minimal error margins. Thanks to the Ethereum
platform and smart contracts, we can propose a new way of commercializing the services.
The block-based distribution model places professionals back in the center of the economy
and minimizes income loss, while ensuring quality of life, time for leisure, and various indirect
gains linked to referral networks.
AUDIT PROCESSES
For transparency between JUBS and our investors, any subscription payment will be public
and auditable analyzed to anyone wishing to analyze the information. The information
conference will work as follows:
● 1º: Automated revenue reports will be posted periodically on our #Audit corporate #
channel on the Slack platform, and every confirmed payment will be automatically
notified on the channel.
● 2º: On the fifth day of each month after the release of the HONOR cryptocurrency in
partner exchanges, a report will be published by the CEO of the JUBS platform with all
relevant data and indicators for the month.
● 3º: After the fundraising and the beginning of the purchase of the HONOR
cryptocurrency by JUBS, we will announce an official wallet where all HONOR
purchases will be made by JUBS on a monthly basis.
All such information may be cross-referenced with Jubs official wallet information on Ethereum
Blockchain networks for full authentication and veracity of the monthly information and data.
For more information visit the link below !!!!
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AUTHOR :Alfian2015
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