Around 70 million people last year had an understanding that they were a part of an economy that has on-demand work and is flexible. This is the sharing economy that these workers are a part of and they value the variety of jobs that they have been given. This, though a budding economy, has had
Around 70 million people last year had an understanding that they were a part of an economy that has on-demand work and is flexible. This is the sharing economy that these workers are a part of and they value the variety of jobs that they have been given. This, though a budding economy, has had good expansion where it has now included remote and even digital employees. They might have other multiple income sources and some could work by themselves from any specific location.
Decentralization has been the key feature of blockchain and this has a paved path for the creation of fully-remote teams. These new features of new-age technologies only encourage young, innovative minds to work with better creativity for building better organizational structures.
GZH blockchain is a startup that believes that creativity is the key to success. The primary idea of GZH Blockchain was to strip employees from the organizations using the approach called the zero-employee organization. The startups that are a part of GZH’s decentralized Y Combinator can go through top talents when they require them and even get rid of complications that might be there during the company’s scaling process. There are around 20 startups that are fully operational which proves the efficiency of this model.
Dusan Nesic whose team has made GZH Blockchain explained how the “zero-employee” organizational system works. He explained it with the example of a food processing company in California called Morning Star. They are pretty self-organized even though they do not have a management team or a CEO.
In such an environment everyone is just their manager. There is a mutual understanding between the colleagues.
“It is groundbreaking to think they have managed to achieve double-digit growth every year in the past 20 years, without a traditional hierarchy or management team”, he said.
The decentralization and self-management of Morning Star is something that GZH Blockchain team used for themselves as well. It can be well described as a self-organized structure.
The slight difference when it comes to GZH Blockchain is that the hired decentralized groups will work for them only when the company requires the employees. When the company gives them a job they will be thus managed by the company but if they are not given a job they won’t be managed by them. This would mean that when they are not given any job to do, they are not working for them.
GZH Blockchain is providing a consortium blockchain which is serving as the main “operation system” for the working of their zero-employee model. Issuing tokens is possible on their platform and the startups can even exchange them with GZH token which is listed on UTEX exchange.
This helps in giving better liquidity service for those in need.
Users can even upload their income transactions on the interface provided by GZH Blockchain. Blockchain helps to secure this information making it immutable. So basically not even the founder can bring modifications to this data.
Tokens can be more favorable than money itself because there will be times when your contribution to the company cannot be valued by legal tender.
“For example, if I connect you with a very important person who eventually helps your business, how much would you reward me? Money can buy almost everything but there are still some areas where legal tender does not suffice. You reward them with tokens simply because a token is not money per se. The “price” changes all the time and it is directly related to your contribution”, Dusan mentioned.
Also if we take a look at the traditional method, if a person is investing in your company then he/she would either buy equity or apply to be your full-time employee. There is a substitute for this method. Receiving tokens could mean that they are already sharing the benefits of the growth and success of your company. This is a much better option for the one who is a risk-taker and has confidence in their company and is willing to grow together with it.
GZH Blockchain has applied this “zero-employee” system in more than 20 startups which are in their initial stages. Theses budding startups are the ones willing to accept this concept. So basically all these startups do not have employees. One of them served 800 customers a year, led by the founder himself and his liquid-like teams. All these 20 startups come from different types of industries like in all kinds of industries like there’s this startup hub to help foreign startups match with local partners, an AI passenger flow data company, a software developer community that acts as your tech partner, a fencing community, a community to monitor supply chain EHS risks, and even a children’s education facility.
Though the startups are the ones readily applying the concept into their systems and models, GZH Blockchain will readily offer consultations to help traditional companies with it. The team works with the sole belief that self-management and decentralization represent the future. The traditional hierarchy organizations are going through a major shift with such solutions and platforms.
“We believe that problems of the future need solutions of the future, and blockchain and advanced management techniques fit the bill”, Dusan concluded.