The Internet of Jobs is coming on Bankless

-Immutable, which means your assets can’t be seized.

-Governerable by communities, creating more aligned incentives.

Read in plain English, the tokens you earn are the results of f(inputs) where inputs are the time, materials, skills, the value of the work output you create.

The lesson here is that a lot of the value unlocked by the IoJ will be in fundamentally new, non-skeuomorphic, use cases that deliver value in ways that are both compelling & novel themselves.

This deserves its own post. What’s the relationship of capital to labor? How do supply and demand fit in together? How do we measure success? How to balance short-term incentives with long-term incentives? Where do social safety nets fit in? Where can we further align incentives?

A common misconception is that the IoJ will be like the gig economy. It is true that gig sites like UpWork, Fiver, Uber, and others have been hallmark web2 marketplaces.

token emission + reputation + learning + impact = f(time, materials, skills, output, other signals)

We now have Ethereum, so we can build an IoJ that is more:

-Efficient because intermediaries have been replaced with smart contracts.