With the average freelancer having to dedicate 20 days a year chasing invoices for late payment, it’s no surprise that some people are hesitant about joining the freelance marketplace.
Add to this the fact that 43% of freelancers have had to work for free at some point in their career – a number which rises to 58% among those aged 18-34 – and it’s no wonder that many people write off the idea of freelancing altogether.
At Nodal, we don’t want to see anyone give up on their dreams – especially for something as unfair as late payments.
43% of freelancers have had to work for free
That’s why we’ve developed a platform that will put payment worries to bed, once and for all. Using blockchain technology, Nodal creates ‘smart contracts’ between the freelancer and employer with pre-determined terms agreed before work is undertaken. This means that the platform can automate functions that usually take hours of time, like managing payroll – in turn reducing HR and finance professionals’ workload. By doing this, we can guarantee that freelancers will be paid on time, every week.
It’s a bold promise but one we’re proud to make. It’s just one more way in which Nodal is working to create a world that is better and fair for both freelancers and employers.
Sign up today and make late payments a thing of the past.