Friday 24 May 2019

Rajesh Pavithran

US blockchain firm opens office in Dubai

DUBAI, May 20, 2018

US-based Boon Tech, a blockchain based freelance job platform, has expanded its presence in the Gulf region with the opening of its first international office in Dubai, UAE.

The company aims to attract employers from Dubai and the Middle East as well as freelancers from the region and beyond, a statement said.

Boon Tech is a blockchain based AI-powered decentralized online job portal offering free platform where employers and freelancers can meet to carry out transactions involving freelance services with cryptocurrency rewards. Being the first job portal to be powered by Artificial Intelligence in the world, Boon Tech combines concepts from job marketplace with lessons learned from building cryptocurrencies and their communities.

Boon Tech's founder and CEO Rajesh Pavithran said: "We are always looking for partnerships with other companies in both blockchain and non blockchain vertical. So, if there are companies that can help us grow our business and help our customers, we are open for new partnerships and tie ups."

"Not at time, but we are open for discussion. We did a crowdsale earlier and raised funds for marketing and further expansion,” he added.

Boon Tech utilizes massive computation power and data analytics to gain accuracy, giving its users a much higher ROI compared to traditional platforms, he noted.

"Cryptocurrency prevails the online world for the fact that it is secure, thanks to the blockchain technology. The decentralized aspect of blockchain makes life fairly tough for the hackers. It is virtually impossible for the hackers to break blockchain security,” Pavithran said.

"Boon Tech uses highly secured wallets and companies like trust wallet, Proxy card, Cashaa etc to conduct the transaction. Our platform is 100 per cent safe and secure.

“But you can’t take chances. Keeping this in mind, we’ve introduced complicated encryption techniques to secure our platform," he concluded.

The decentralized blockchain itself is a highly effective technology to keep away the hackers. The technology distributes tiny bits of data over thousands of computers. And the hackers have to access all devices, arrange the data bits and decrypt them. Only then they could get the required information and to this day it is virtually impossible.

Boon Tech is confident to easily find quality Freelancers as well as employers to enrol from the Middle East Region because of the features it offers the users, the statement said.

 Right from its AI powered rating and ranking system which is 20 times better than regular legacy platforms, live language - which is another first in the world to AI powered identity protection, to helping all users to secure their private data and information. What makes Boon Tech's platform a real standout is that it is a completely free service compared to the industry standard of 20 per cent service fee, according to the statement.

Boon Tech has ambitious plans for expanding to other developing markets as well. They include Asia & Europe where there's a wealth of talent in creative areas, it added.

Boon Tech is the first blockchain project to be accepted by Oracle Startup System making it the official partner of Oracle Corporation. – TradeArabia News Service

Tags: Ai | Freelance | Blockchain |

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