1/ Bounty boards are centralized repositories of discrete tasks with a price tag for each job. A decentralized bounty platform (DB) would monitor off-chain work progress of freelancers and react to completion of milestones with on-chain logic pre-set by bounty providers.
2/ Funds would automatically deliver via smart contract escrow. Pre-set job terms and smart escrow enables freelancers and bounty issuers to enjoy more frictionless, trustless interactions.
3/ DB would reduce the impact of potential bias from centralized entities involved in the creation, management, fulfillment of bounties eg. repo owners & maintainers on Gitcoin.
4/ Need for DB is exacerbated by the proliferation of DAOs. Opposed to hiring, DAOs typically utilize bounties to incentivize the community to complete various tasks (dev, design, content etc). Bounty interactions on DB could help build trust between previously unfamiliar parties
5/ DB Features - Decentralized escrow service for bounty rewards - Automated payment execution triggered by API - Project milestones management dashboard - On-chain records that provide a solid foundation for an identity verification & credit system …
6/ DB Features cont. - Diverse bounty categories (technical development, operational tasks, DAO-related etc.) - Moderator DAO to be a jury-based dispute resolution system
7/ Dispute Resolution A drawback of DB is resolving disputes as bounty issuers must close the job repo determining whether the pre-set job term was met; this is especially true for complicated or non-binary jobs.
8/ Potential Solutions - A Moderator DAO for the platform to act as a jury-based dispute resolution system. - Credit scores based on past job interactions pulled from on-chain records for bounty issuers and freelancers to discourage bad actors
9/ A final thought If we zoom out on the global market for labor. - Rise of decentralized teams - Rise of cross-border employment agreements from freelancers to MNCs - DAOs manage lots of and have growing labor demands. They may wish to work w trad staffing firms …
10/ cont. DB can set a precedence for increasing decentralization in labor markets, to improve utility for both employers and workers, via outcome-based work evaluation and trust-less execution of payment.