Merchants have been classified roughly into two groups. You will find these two groups defined as "front office merchants" and "back office merchants" (see diagram below).
Front office merchants are industry participants looking to execute construction projects utilizing the Builderchain platform.
Back office merchants represent what historically would have provided departmental functions commonly found within these front office organizations, but now can be more effectively delivered as outsourced, turnkey, business services.
We leverage these unique efficiencies in a way that only a blockchain-based, cross-organizational marketplace platform can provide.
Front office merchants can conduct cross-organizational transactions and workflows with back office merchants and other front office merchants.
Likewise, back office merchants will commonly conduct transactions and workflows with front office merchants, but transactions and workflows can also be conducted from one back office merchant with another back office merchant.
The Builderchain ecommerce platform, and the back office merchants we are creating such as BuilderPay, are following the same approach as ADP Payroll business model. ADP Payroll does not provide its customers with payroll software, they provide a turnkey service.
When you subscribe to ADP Payroll, your company does need to worry about tax tables or deduction tables, or any of the other intricacies required to run payroll software. But your company realizes the full benefit of this service and expertise.
We believe Business Process Outsourcing (BPO) is well-suited for the residential construction industry where small to medium size companies are challenged with complex and expensive software implementations. BPO insulates these companies from that complexity while providing the full benefit, usually in a superior manner than what could be achieved with internal resources.
Decentralization and the End of Employees
from a Jeremy Epstein blog post:
Decentralized systems could accelerate the end of the full-time employment world and the “gig” economy is the new reality.
The Wall St. Journal recently published a powerful article called “The End of Employees”
The article starts off with a bang:
Never before have big employers tried so hard to hand over chunks of their business to contractors and quotes the former CEO of Virgin America, David Cush, who says:
“We will outsource every job that we can that is not customer-facing,”