Reactive Network backs SmarTrust for bulding an escrow system for Web3 freelancers

The Smartrust web3 platform takes platforms like Upwork with a chain entire system.

Web3 arrives on the growing independent work market. On Wednesday April 30, Reactive Network Developer Fund announced the last funding recipientSmartrust. The project builds a layer of multichain entirely for self -employed and web3 customers, based on reactive intelligent contracts.

The network will allow customers to lock funds in intelligent contracts, which can be published in pairs for payments. These programs are transparent and programmable, without the need for centralized intermediaries. The network also allows a resolution of third -party disputes, which stimulates security for customers and freelancers.

Reactive network in the heart of Smartrust

Smartrust uses reactive intelligent contracts. Its event -oriented infrastructure allows Smartrust to operate on several EVM compatible channels and even reject logic and state through these chains. Emilijus Pranckus, head of the ecosystem to the reactive network, explains the role that reactive plays in Smartrust.

“Smartrust tackles a clear and urgent problem.

The independent global market is growing, both in terms of labor and income. Between 2020 and 2024, the number of freelancers in the United States increased by 90%With the trend that should continue.

By 2027, Statista provides that 86.5 million people in the United States will be independent, which represents more than half of his workforce. At the same time, the independent market will go from the figure of $ 6.55 billion to $ 14.17 billion dollars in 2029. A key factor stimulating this growth is the need for more flexible workforce, allowing businesses to adapt and expand more quickly.