Platform to effectively enable crypto payments upon delivery of freelance work through smart contract agreed outputs powered by “Output Tokens� (OPT)
March 2018
Version 1.0
Angus Bankes, Daniel Braithwaite, Jaka Levstek, Steph Gosling and Daniel Callaghan www.avatide.com
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The Avatide Protocol
Abstract: Avatide will become the defining
blockchain based payment and operating system for the highly skilled professional freelance community who want to receive payment in crypto currencies.
We will provide a means for all companies to pay their freelancers in whatever crypto currency they choose whilst still complying with all of the regulatory tax requirements of their countries. We believe we can make crypto “salaries” as easily processed as fiat currencies. Through recording the work delivered and the freelancer outputs will also in turn have created a secure and immutable record of work history and credentials stored across a decentralised database that the freelancers can use to win further work ang grow their business. We will also provide them with an ongoing suite of tools to further grow the trend of the freelance economy. We will however be first of all focusing on those professionals that operate within the blockchain domain. The freelancers will be able to manage all of their business operations through the platform from creating proposals, signing contracts and sending invoices in a seamless and beautiful fashion with the greatest efficiency available. Companies will equally be able to plug the avatide API into their payroll solutions and keep better track of there expense and reporting whilst also providing a modern alternative to those top talents that want it. We are designing a system that will let buyers confidently purchase work and IP or “outcomes” agreed through secure smart contracts and approve the final deliverables. The exchange will be driven by a proprietary currency called “output” tokens (OPT) which will be needed to access the platform, add freelancers and access additional services.
Background
W
e live in a world today where there are an increasing number of professionals are wanting to be paid in crypto currencies. More and more professionals believe that this is the future and want a simple and easy to use solution to receive the funds in the currency of their choice.
This means that the majority of the population cannot take advantage of the blockchain based advantages that come when they deliver the work. In a digital age where anyone can create a profile and claim to have delivered X or achieved Y, the primary questions of credibility and fact can easily be undermined.
We are also seeing this trend take hold most strongly amongst freelancers who have already chosen to avoid the traditional, centralised and controlling forms of employment.
Additionally, for every engagement, there is delivery and payment risk. How can both parties be sure of what they will receive and know exactly when and how much should be paid with complete security?
Avatide places itself at the centre of these massive increases in trends and wants to build the bridge that will enable modern day companies to incorporate crypto offerings into their regular payroll whilst further harnessing the power of a flexible workforce. The largest and most common section of this freelance workforce operates within the technical and technological space where it is almost the norm in contrast to full-time employment. This is quickly followed by those in the creative industries and is fast being caught up by those in professional services and advisory based industries such as management consultancy or law. These are professionals who value their freedom, are driven by the pursuit of the passions and the variety of work as well as the ability to move around as they choose.
Plus finalising and managing lots of contracts or invoices is both time consuming and expensive for each party. In the age of Blockchain and smart contracts these problems should no longer exist. Avatide provides a simple solution that will plug into a company’s existing payroll solution via apis to be able to ensure payment for the freelancers, help them build out their profile, provide a competitive edge to the companies in being able to provide a more attractive solution to those who want it and still keep track of all their financial records in line with the necessary accounting procedures. We believe that such a solution as well as presence on the avatide platform will quickly
There are several problems however for both this freelance talent pool and the clients that engage them as the market stands today. Most freelance work is actually won through relationships or referrals. It is not won through online marketplaces where we are seeing new ethereum based platforms arise.
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become a badge to distinguish oneself and become the norm companies around the world. Our solution will provide a faster, more cost effective and automated payment solutions agreement built into the smart contracts clearly achieved through delivery of specific tickets or outcomes would be easily recognisable as a better way of doing business. It will give companies all the advantage of using other talent marketplaces but also enable them to directly engage their own existing network of freelancers that they have a history of work with.
Hirers Avatide is a global API Payroll Software. Companies can easily connect their software to our API to manage timesheets, geo fencing, create smart contracts and manage taxes.
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Freelancers Submit work and get paid faster and more securely in the crypto currency of your choice. Be able to win more work and build out your credentials as you deliver more and more work.
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A significant Market opportunity Companies such as: Monster.com LinkedIn are all operating in an industry broadly defined as the online talent industry.
Human Cloud An emerging set of online/digital platforms that enable managers and workers to complete (typically contingent) work. The Human Cloud has three distinct categories: ● Online staffing platforms ● Online work services ● Crowdsourcing
Avatide operates at the cross section of several major markets with significant potential to scale and change the landscape forever. The payroll and bookkeeping service accounts for $74bn spend annually whilst the technology driven payroll component of this, most relevant to Avatide, makes up 58.8% of the market according to IBIS Research. The traditional market is also growing at close to 6% however the growth rate of the crypto portion for this is well above 100%+ per year. The global cloud based payroll industry alone is forecast to reach $10bn as well by 2023. We are also operating in the industry broadly defined as the online talent industry. A 2015 study by McKinsey on the Global ¬talent industry estimates that the online matching of the demand and supply of labour will grow to a £2.7 trillion industry by 2025, equivalent to the size of the UK economy. The industry includes companies such as Monster.com and LinkedIn, which match job seekers and traditional employers. Industry consultants have developed the term the “Human Cloud” to refer to an emerging set of online/digital platforms that enable managers and workers to complete (typically contingent) work. The Human Cloud has three distinct categories: online staffing platforms; online work services; and crowdsourcing. In 2015, it was estimated that companies processed between $25.6 and $28.6 billion in spend associated with the human cloud. By segment, online staffing platforms processed between $4.3 and $4.6 billion in spend, online work services firms processed between $20.6 billion and $23.2 billion in spend, and crowdsourcing firms processed between $0.7 and $0.8 billion in spend in 2015. (Source: The Gig Economy and the Human Cloud by Staffing Industry Analysts – August 2016. The full text of this report is available upon request.) There is currently an estimated $2BN per year already being spent on technology for blockchain initiatives indicating that there will be a significant demand for freelancers with a keen interest in crypto currencies. We have already seen the potential demand for salaries even at this nascent state of the market with the rapid growth of services like Bitwage as well which now has over 20,000 users and last year according to the BBC paid out over $30m in salaries.
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Introducing Output Tokens
Creating a better payroll solution for the freelance economy Output Tokens are standard ERC20 tokens which implement Avatide Protocol providing a more honest, transparent and secure way to pay for work delivered in crypto currencies. The platform will let clients hire and assign work to freelancers using crypto currencies to pay for the work. This will help companies to immediately ensure safe delviery of the work they require from either an external talent pool or their own existing network of freelance talent. It will remove any barriers to potential usage by unnecessarily complicating the payment process for clients and ensure accurate reporting against all Gaap requirements and management of their balances.
The exact numbers of tokens that need to be held will vary according to whether you are a client or a consultant and the level of premium services you are accessing. For the first 12 months whilst we are scaling adoption will waive this condition. The output token smart contracts instantly process buy and sell orders upon completion of the agreed outcomes. The output tokens can either be spent again within the platform on additional freelance services or traded on the exchanges as a liquid asset.
Therefore the token will operate on a pay for access model whereby users of the platform will need to hold a minimum number of OPT tokens.
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Built in transparency and integrity
The global freelance economy is widespread and diverse. It is used by companies large and small and predominantly for more menial or commodity based tasks. Today, we stand at a technological inflection point. A moment where the data structures and infrastructure we use is at a time of historic evolution and the potential for blockchain to revolutionise that is immense. It is also incredibly pervasive and touches the most vital components of our social existence rapidly becoming the technological norm for banking, currency exchanges, insurance, healthcare, and how governments will store and transfer information. As such, never before has the need to have the right person both in character and skillset assigned to the tasks at hand. For this reason, we are not only building Avatide as a better payroll solution for the modern world but also as a means to secure and validate the work history and credentials of the freelancer but also as an easy to user interface and enterprise level freelancer management system. These tools are increasingly used by many of the world’s fortune 1000 businesses and typically are chosen by forward thinking HR Directors or CHROs. The decision is supported by procurement who can clearly understand the financial advantages of using a more on demand talent model and the savings through disintermediating the traditional and costly recruitment channels. The ability to attract the best of this fluid talent pool is vital and as such the potential to provide the most appealing offering and services to them will become a key differentiator to their success in the ongoing war for talent. To the freelance community will provide the ultimate freelance operating system and a means for them to manage their pipeline, contracts, proposals, invoicing, and network of associates in a single and easy to use location.
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Benefits to companies and freelancers FASTER Smart Contracts guarantee automatic release of funds
CHEAPER Automation reduces cost to manage contractors
SECURE
Automated Payment On Delivery
Immutable records of employment and delivery
CHOICE Select from all your favourite crypto currencies
REPUTATION Position your company at the forefront of technology
EXPERTISE Access the best talent in an instant
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Corporate Features:
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An api into their existing payroll solution with a simple extension that will enable them to determine to who and how much they want to pay with safety limits on the amount to be paid in crypto currencies where appropriate
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A client dashboard where they can see all the projects they have open, the amount spent, the number of outcomes achieved, and how many tokens they have remaining
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A client account profile where they can create a corporate identity that will be approved and verified.
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A client activity centre where they can post Outcome requests, receive and screen matched bids from verified profiles or teams as well as collaborate with other internal team members on projects.
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A client blackbook of all the consultants they have worked with, their history and the ability to communicate and book further work directly with them again through instantly setting up repeat contracts.
Freelancer Features:
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A secure wallet where they can store their crypto currencies and manage their balances for the work they have completed via the platform
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A freelancer dashboard where they can see number of projects bid on, potential deal pipeline win rate, fees earned and days worked
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A freelancer account profile listing work history, skills and achievements all verified and approved on the blockchain.
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A freelancer blackbook where they can tag and invite other freelancers they have worked with and would like to collaborate on future projects with. The freelancers will be able to self organise and tag other freelancers with whom they can deliver larger pieces of work as well.
Communal Features:
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A marketplace for any open projects
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An Avatide economy page clearly showing data and a visualisation of types of blockchain projects currently in pipeline as well as the number of users on the platform, companies subscribing to the service and OPT tokens still in circulation
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A community forum for questions and blog posts
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An Escrow account for payments to be made either for the entirety of the projects or various instalments and milestones to ensure security for both sides.
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A resolution and dispute mechanism that will enable any questions around the output and agreements to be settled by an expert panels built from within the community.
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A Clear target Market
The Avatide platform will first focus solely on the blockchain community and the professionals that work within it specifically focusing on those with the appropriate technological skills and credentials as opposed to those with more commercial backgrounds. It is a safe assumption that given their choice of technology, they will early adopters and advocates of blockchain. This advocacy would be further supported by the professional benefits they would get through greater proof of work verification and their attitude towards a more liberated career and lifestyle which closely ties to principles of a decentralised and unregulated crypto currency in the first place. Additionally, as a client based the business will focus on reaching those key industries that would value the quality and security of knowing
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their workforce in such a trusted fashion as well as those who have forward thinking nature to be working on blockchain oriented projects. This as an example would be the first companies that have signed up to the ethereum enterprise alliance. We would also focus on other wellfunded blockchain initiatives that would have less rigid procurement processes and enable us to achieve a greater number of Outcome requests posted on the platform and provide more incentive for the freelancers to register. We will also have clear channel partners to work with in the shape of the large recruitment companies who are particularly focused on adopting this next gen technology to improve their offerings to clients. In partnering with these firms we will gain instant mass distribution to their clients and see significant scale achieved at a much faster rate.
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5 Key Service components
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Easy and instant APIs: Connection into a variety of existing payroll and HR management solutions with clear reporting and accounting facilities to ensure adherence to any regulations. The ability to set limits on the amount paid in crypto currency as well as ongoing monitoring of the currency fluctuations based on the amount paid.
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ID Verification: This will be done through plug ins to services like Civic. com. We will be able to direct validate educational experience and grades from academic institutions. Work history and quality would also be verified direct from the employer or through a crowdsourced model where people can review sample work uploaded in to the profile. We will also ensure the corporate’s blockchain history should also be transparent in spirit of openness and equality and use a similar service to that used for the freelancers.
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Freelancer Bids: The client will clearly outline their requirements using a pre determined project template form and outline the exact demands of the projects. They will assign points to the output needed to determine its size and therefore its value. The number of points awarded will also be indicative of a project complexity. The freelancer will then respond to this by submitting a number their bids above or below the client budget. As the data within the platform grows, we will be able to provide better indication to the number of points that should be assigned to a project or alternatively highlight similar projects completed in the past and connect the client with the freelancer directly to either engage again or re-sell the code.
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Matching Algorithm: Our algorithm in the first instance would take the fixed data fields in the project posting template and compare to the similar fields within the consultant profiles. Stronger matching relationships would be deduced through using a more relationship based database structure like NEO4j from the outset. We would also use elastic search and machine learning to capture and improve our interpretations of the natural language algorithms which would ultimately ensure an expert match every time.
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Dispute Resolution: We would harness the power of the crowd to ensure an excellent dispute resolution service. Should a dispute be raised, we would enable the work to be submitted to a panel of experts in the necessary field who would then judge the output based on the brief and any communications between the freelancer and client. A small percentage eg 5% of the project value would then be paid across.
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The key revenues opportunities would be:
1. 2. 3.
A monthly fee per user on the platform and company subscribed paid in OPT tokens A % charge on the value of any Outcome contract complete through the platform payable by the client
A monthly subscription fee payable in tokens charged to the consultants for the use of the premium features built into the platform that enable them to manage invoices, send proposals and contracts to client outside the platform as well as manage their full pipeline of work
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A brokerage fee on any converting of fiat revenues into crypto currencies Whilst the above will create a sustainable revenue flow and business model in itself, we believe the greatest value creation opportunity would remain in the value of the token. Blockchain as a technological staple is not going anywhere and investment is already increasingly at an unparallelled rate. By creating the world’s leading blockchain focused payroll solution tied to a community and labour exchange supported by the verified IDs and work history we will be able to capture an increasing amount of the total global spend and provide the difference between a open ended marketplace and an enterprise level tool. With both the cloud based payroll solution alone opportunity worth close $10bn per year and a rapidly growing market in both the acceptance of crypto currencies as a salary and the freelance economy there is a significant chance that Avatide would present a $1bn dollar net revenue opportunity. As the platform gains momentum and the work histories and credentials of the freelancers as well as the embedding of the tool within organisations becomes more data rich we will create a natural moat and network effect around the business increasing stickiness and value. Likewise as we increasingly capture the history of work and contracts and payment records completed within a company, there would be less desire for them to switch to a new service. As the volume of the work and users increases and with a finite number of tokens in circulation, the demand for those tokens would obviously increase pushing up their value and potential return for investors.
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A differentiated and superior offering We see a wide number of other payroll solutions however there are none that provide the full suite of offerings that Avatide intends to. Companies like Workday and ADP have reached $20bn and $45bn market valuations focusing on the large enterprise market however these either use 3rd party payroll integrations or do not provide the employee directory capabilities. New entrants like Bitwage also increasingly just focus on a crypto only payroll solution and have still shown exceptional growth. Meanwhile, freelance marketplace models are now increasingly commonplace however the majority of the platforms operate at the low end of the talent pool and focus on more commodified talents. The most well known operators in this space are platforms like Upwork.com which sees more than a $1bn in transactions per year across the platform. Additionally freelancer.com now has a market cap of close to $800m AUSD.
can be used across the HR and recruitment industry. Nor do these platforms place the freelancers at the heart of their actions and provide the additional services that will engender talent retention and greater stickiness. We are now seeing the earliest signs of blockchain based platforms come out such as Blocklaner.net and Ethlance.com. Whilst both of these have noble ambitions and are showing great promise having completed successful token issuances recently, we believe we have a much clearer positioning, stronger and more sustainable token and revenue model as well as much more experienced management team to deliver against our roadmap. Additionally, our approach is not that of an open front marketplace but rather growing usage by offering real value to the companies through a much more secure solution that combines the best of both services.
Both of these operate at the lower end of the talent market and predominantly focus on low value projects of a more marketing oriented nature using emerging market talent. The closest direct competitors for Avatide’s first vertical would be sites such as Toptal.com or Gigster, which provide high end technical talent. Both have received significant VC backing from eminent investors such as Andressen Horowitz. However none of these utilise the blockchain technology and are much more narrow in their vision of how to create the components which
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A Great Experience From a Simple Product 1
INTEGRATE AVATIDE Using our API based model you can quickly integrate Avatide into your existing software. Our product immediately lets you harness the potential of the crypto universe with minimal set up efforts. All your existing freelancers and supplier details are loaded into the system.
2 CREATE A TASK Set up the contract and clearly define the outcome desired. Determine if you want the work delivered on a time and materials basis or on a fixed deliverable.
3 ASSIGN FREELANCERS Engage the team you want from your historic workforce or leverage the power of Avatide’s network to find the extra skills you need
4 COMPLETE A TASK Once the task is complete or the time limit met, then have the smart contract automatically validated. Have the work rated and build up a history of your favourite blockchain professionals.
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SEND PAYMENT Use Avatide’s API to convert your FIAT currency into the the worker’s crypto currency of choice and send. Use our single dashboard to mange your company’s crypto balances, maintain a track record of expenses and payments with ease and the ability to recreate smart contracts with the single click of a button.
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Advantages of Output Tokens 1. 2. 3.
Access to the Avatide platform and all the advanced services that come with the offering Means to achieve faster settlement of smart contracts for an increasing workforce of freelancers within your organisation
Significant likelihood of appreciation given macro trends to freelance working, growth of blockchain related skills requirements and valuation tied to fixed number of tokens All of these are further enhanced by the value of the Avatide platform itself which would drive increased usage volume. These key advantages remain:
A faster, more effective way to access the best and verified freelance talent starting off within the blockchain vertical. A more cost effective and hassle free way to manage the payment and contracts settlement A means to distinguish yourself from the other companies through a differentiated payment offering A more secure way to be able to trace back and identify who produced what and where outcomes have come from and who is responsible for them A needed means for a company to centrally store and manage all of their freelance talent.
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The potential disadvantages and ways to overcome them are as follows:
●
Limited choice of talent: We will be tackling one talent market at a time and have significant expertise in rapidly growing talent pools based on client demand. We would also enable clients to use the platform as a means of working with and managing their own network of freelancers. This means that Avatide would always maintain a high level of utility in the client’s mind.
● Complex technology slowing client adoption: The technology
behind marketplaces are quite commonplace as are all the various components of the blockchain technology we will be building. We also have an expert UX & UI team who will ensure the client interfaces are very simple and will support the experience through an onboarding team. Through our focused approach on blockchain orient professionals and therefore companies to start with, we expect to significantly lower any perceived barriers that may exist amongst the less “blockchain” aware organisations.
● Disintermediation: It is impossible to completely eliminate the
threat of disintermediation as people can always cheat the system if needed however Avatide is focused on building enough added value services and benefits into using the platform that the desire to circumvent the system will be minimal. Also both parties will want to create a history of work to improve their online standing and reputation which will encourage them to keep using the platform whilsts finally our fees are also significantly lower than offline competitors and as such provide no financial incentive to cheat the system, when doing so will ultimately see the user removed from the platform and have to revert to a more inefficient process.
● Security Risks: We will work with the leading software providers
and wallet providers to provide state of the art protection for both clients and consultants. Likewise, the company held tokens will be kept secure in a vault to safeguard against any potential threats. We will also ensure that all data security requirements are complete and in line with the GDPR regulations and requirements
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A self-promoting Network A rewards and incentive model will be deployed to create a viral effect where by 1% of the fees used by companies will be issued to freelancers who had actually transacted on the platform within the last 12 months in new tokens. This will provide a greater incentive for the freelancers to keep using the platform and heighten the “built by us” spirit of the initiative. It will also ensure a steady rate of new tokens coming into the market to facilitate liquidity without damaging dilutionary effects.
An achievable technology roadmap Avatide is based on the ethereum Blockchain utilising smart contracts and ERC20 tokens. Avatides library of smart contracts will transparently manage the lifecycle of an Avatide contract from specification to payment. IPFS will be used to manage assets associated with the ticket smart contract. The smart contracts cover the mechanics of ticket submission, acceptance, arbitration and payment. We’ll use web3.py - a Python library and any databases etc will be Amazon or Google services. We will ultimately build our database on IPFS although initially will just use that for the documents. We already know however that there are many APIs readily available for the plug into the payroll and HR solutions which will make it very easy to scale the distribution reach of the business. Likewise there are APIs for the various coin exchanges that we will exchange the FIAT funds into crypto currencies. As an end result when volumes increase there will be every opportunity to avoid going through the exchanges and create a cleaner peer to peer exchange mechanism like with Transferwise.com in the FIAT economy. We have a clear product roadmap with strategic feature additions built our as the platform scales that will not only add greater stickiness but will enable us to go in to new markets and grow volumes further.
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Our Product Development Roadmap The team will lead Avatide to become the world’s leading payroll solution in the crypto world and evolve into a global freelance ecosystem
● MVP where clients post or assign direct to contractor
PAYMENTS
● Work approved and payment released
Remittance platform for contractors in ETH
● Early Dashboard
● Sending timesheets ● Invoices TOOLS Remittance platform for contractors in ETH
● Contacts management ● Dashboard for pipeline and project management ● Internal feedback
● Used amassed talent pool to open up wider talent selection ● Algorithmic matching
BLOCKCHAIN MARKETPLACE
Open marketplace
Collaborative team bidding and building
● Code reselling
● New verticals outside blockchain talent NEW VERTICALS
● New geographies
Market expansion
● New currencies ● Additional revenue opportunities
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The Avatide Corporation The Avatide Corporation is a Singaporean based entity whose core objective is to create a more liquid and secure modern economy. It is a forward thinking market that has embrace crypto currencies and given its rate of growth as well as location in the centre of Asia Pacific is an excellent launch pad for the business.
An achievable technology roadmap The Output token issuance and main sale will take place between 2nd April and 30th May. An early presale of tokens will begin on 14th March. The number of tokens will be capped at 100,000,000 OPT tokens which will be sold in a Dutch Auction fashion. The sale will also employ a clear KYC process and entity to verify each investor and limit the participation of any single investor to a 10,000,000 OPT ensuring a wider spread of participation. The schedule sale of tokens will be as follows: ● 14th March to 1st April @ 1200 tokens for 1 ETH ● 2nd April November to 1st May @ 800 tokens for 1 ETH ● 2nd May to 30th May @ 500 tokens for 1 ETH
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Token distribution Capped Maximum Of 100,000,000 OPT Tokens With 60% Released In ICO Planned For Q1 2018 Token distribution as % of funds raised
PRESALE 14th March to 1st April ‘18 @ 3,000 tokens for 1 ETH SALE ● 2nd April to 1st May @ 2,000 tokens for 1 ETH ● 2nd May to 30th May @ 1,500 tokens for 1 ETH ICO FRAMEWORK ● Participation capped 1,000,000 OPT Tokens Token Reserve
Advisors
ICO Presale
Team ICO Sale
● KYC Process for all investors ● Reserve Token kept with Market maker for 18 months ● Min Raise equivalent = 1,000 ETH ● 12 month cliff & Vesting Schedule for founders ● 6 month cliff and quarterly vesting schedule for advisors
We would employ a minimum raise of a 1,000 ETH (£600k) with a max potential raise of circa £60m based on current ETH valuations. This would represent 60% of the total tokens ever to be released of which 15% will be held for future stakeholders, 5% for advisors whilst 20% will be held for the founding team. The founding team and advisors tokens would vest in a straight line fashion over a 24 month schedule with a 12 month cliff. The 15% of additional tokens will be held by a market maker in order to maintain the price with clear instructions to lock up the tokens for the first 12 months.
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Use of funds Funds will be used to deliver against product roadmap and drive market awareness Use of funds as % of amount raised
TECH ● Front End & Back End Team ● Data Analytics & BI ● UI & UX Team ● Dev Ops FINANCE & LEGALS ● FD & Finance Analyst ● ICO Review and Security Management Finance & Legals Buffer
Tech
Operations
Sales & Marketing
SALES & MARKETING ● Sales Team, Customer Success Team, Marketing Team ● Marketing Budget OPERATIONS ● HR, Office costs, IT cost, Sales enablement Tech costs
The key objectives of the crowdsale funds will be as follows: ● Build an expanded technical team to build out the Avatide protocol and user Interfaces for the payroll and early stage marketplace ● Attract and verify using the the Avatide Protocol circa a 1,000 invite only blockchain professionals ● Integrate with at least 5 key payroll and HRMS software platforms ● Engage and incentivise our first 20 clients to use and integrate the Avatide platform through the provision of free tokens to start with
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The funds would be expected to be spent: ● 30% on technology development and infrastructure, ● 5% on financial and legals, ● 30% on sales and marketing, ● 25% on operations ● 10% would provide a buffer for any overages. It is expected that these funds would see the business through to profitability and any further financing could be achieved through careful and time managed sales of the Tokens held in reserve by Avatide.
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An experienced and focused Team A highly experienced team with multiple exits. We have scaled numerous tech businesses with significant domain expertise and have raised more than $50m dollars in traditional Venture funding previously.
ANGUS BANKES
Angus Bankes Blockchain Expert
Angus Bankes was founder and CTO of Moreover Technologies where he was recognised in the industry as a leader in the area of XML. At Moreover, Angus was one of the main advocates and driving force for the mass adoption of RSS feeds. In 2005 Moreover Technologies was acquired by Verisign (NASD: VRSN) where Angus ran the technology for both moreover.com and weblogs.com. He then joined VC backed Skimlinks team to cover the area of technology strategy and architecture as CIO and sits on multiple vc backed businesses boards
MADHUR SRIVASTAVA
Madhur Srivastava Internet Marketplace and Operations Expert
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Madhur is a technology entrepreneur that has both founded and developed several international businesses. In 2008, Madhur co-founded Madbid.com and as COO went on to raise $6 million from Atomico and took the company to a $25 million revenue business. After Madbid, Madhur was hired to deliver growth in a traditional business, a company which was part of Solera group, an NYSE listed company and deliver 25%-30% y-o-y growth in a slow moving B2C business. He delivered multiple B2B digital products which were to deliver growth in the long-run. Madhur is an MBA from IESE and an engineer from one of India’s top technical university NIT.
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DANIEL CALLAGHAN
Daniel Callaghan HR Tech Expert
An expert in the freelance economy and talent marketplaces with proven entrepreneurial success and VC backing having built and scaled Talmix.com into a global leader in the on demand advisory space. Daniel is an internationally published author on the subject of career development and is regularly cited in leading media. Daniel began his career in marketing working on helping P&G and the British Government develop and execute their media strategies. Daniel also has an MBA from IESE Business School and an undergrad degree from Durham
DANIEL BRAITHWAITE
Daniel Braithwaite
An expert in UX / UI design with significant experience within the Financial Services sector, having developed digital products and services for the world largest banks and fintech startups for over 10 years. Daniel has led design teams at some of the world’s leading agencies including SapientRazorfish, Fjord and Wednesday and has spoken and facilitated workshops at industry leading events
Financial Service Product Design Expert
JAKA LEVSTEK
Jaka Levstek Blockchain Expert
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Jaka is an Entrepreneur, Consultant and Mentor to a wide variety of tech and digital initiatives across the globe. He is the co-founder of DLabs, a technical development company - specialized for supporting startup founders in their earlystage of product and customer development. They do that by consulting on going-to-market, designing business models and develop web and mobile products to achieve rapid productmarket-fit and work hand in hand with many of the world’s leading incubators like Seedcamp and Forward Ventures.
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Summary The Avatide offering will ultimately make it possible for any company in the world to fully offer crypto salaries and payments to their team - freelance or permanent. We will help them to be able to verify all their work history and credentials and report payments inline with local tax regulations. We will provide the leading framework for how companies and freelancers ultimately interact and build their relationships providing a suite of tools that enable them to grow their businesses together and creating a full operating system for this new economy. Our first vertical will be exclusively focused on the blockchain oriented skillsets and enabling companies who are time and cost sensitive to gain greater security in a selection of talent as well as the settlement of contracts and payments through smart contracts. We are not only helping companies to create value through a more efficient workflow process however as the marketplace grows in popularity and frequency of use will see a substantial appreciation in the volume of demand for tokens and their usage. We look forward to working with you on this journey and freeing more professionals from the existing shackles and enabling companies to ever increasing access the talent it needs most. We are here to help promote a crypto based economy where salaries as well as other transactions can benefit from a the advantages of a blockchain based framework. If you have the same vision then we kindly ask you support our community and join us and the team at avatide in building something great.