Abstract: An innovative system and method is implemented to facilitate a blockchain based labor arbitrage. The system uses a processor to manage labor arbitrage between business operator devices and laborer devices. The method starts with a description for a job request received from a business operator device. After distributing the job description, the method receives proposals from the laborer devices. Then method matches a primary laborer device to the job description and generates a smart contract in the blockchain between the business operator device and the primary laborer device. Upon job completion, the method verifies that all job requirements plus quality standards are satisfactorily met and signatures of both the business operator device and the primary laborer device are validated, the method transmits a compensation of a predetermined type and amount of cryptographic token to the primary laborer device. With any disputes, the method further provides an arbitration process.

Abstract: An innovative system and method is implemented to facilitate a blockchain based labor arbitrage. The system uses a processor to manage labor arbitrage between business operator devices and laborer devices. The method starts with a description for a job request received from a business operator device. After distributing the job description, the method receives proposals from the laborer devices. Then method matches a primary laborer device to the job description and generates a smart contract in the blockchain between the business operator device and the primary laborer device. Upon job completion, the method verifies that all job requirements plus quality standards are satisfactorily met and signatures of both the business operator device and the primary laborer device are validated, the method transmits a compensation of a predetermined type and amount of cryptographic token to the primary laborer device. With any disputes, the method further provides an arbitration process.