The world is drastically changing its working culture. Remote working is normalized as much as juggling online meetings from our beds. Akin to a great reset, both employers and employees are defining a path to the digital future of work. Regrettably, we have no elaborate systems in place for the new digital workforce. Economies and industries are ill-prepared and threaten the success of a historical turning point. With all industries it is important to adapt, in order to survive.
How do we redefine our ability to accept change?
Embracing changing working culture
The US and the UK are suffering from worker shortages. Employers are having difficulties in filling out vacancies as businesses bounce back.
The reason? Failure to embrace changing employee demands. Global economies face a similar risk as employees become digital nomads.
Tourism-dependent countries from Asia and in the Americas are leading the embrace of digital nomads. The Central American country, Costa Rica, is offering creative tourism packages for digital workers. They provide special visas to workers and entrepreneurs seeking a digital-friendly environment. Costa Rica and countries like Estonia are instituting effective digitally-focused foundations.
The rise of digital nomads is a global phenomenon. Indian workers understand the way Covid-19 has reshaped people’s lives and redefined remote working. This isn’t just seen in India however, all over South to East Asia change is taking place.
Millennials in the most populous nation on earth, China, are earning online and roaming the country. In Pre-pandemic China, the digital nomad lifestyle was unheralded but now, this has reversed. Once frowned upon, over 200 million Chinese people now work from home.
In South-East Asia countries like Thailand and Vietnam offer tropical climates, low living costs, and steady internet connections have always proved popular with digital nomads. The pandemic has further accelerated this.
Covid-19 exposed worrying pre-pandemic work traits. The fallout led to workers embracing opportunities suitable for individual lifestyles.
Property managers, travel agencies, and other industries need to plan adequately for this type of workforce. Taking a cue from Asian cities, such enterprises can model services centered around digital nomads. Future travel, extended stay, working holidays are demands expected to be a part of the new working culture.
If we fail to serve digital nomads, we risk creating a global labor shortage and losing a generation of workers.
Technology plays a crucial role in this new utopia
Google has an excellent workspace for collaborators. The rise of Zoom, Google Meet, and Slack are flagship stories of the pandemic. These productivity apps ensure the seamless continuation of projects, requiring only an internet connection. Technology allows remote work. It mirrors the business environment for a personal setting and enables collaboration.
Employers and employees still rely on centralized options unsuited for remote work. With collaborations, security concerns, contract executions, and satisfactory service delivery- decentralized solutions need embracing.
Contracts are a fundamental part of any workplace. However, there’s a lack of decentralized working solutions for ensuring contract terms and execution. PAID’s SMART agreements provide electronic blockchain solutions for digital nomads. Users gain access to customizable smart contract templates suitable for executing quick agreements.
Considering diverse legal requirements, a smart contract offers convenience. Digital nomads need ready solutions for cross-border contracts at reasonable fees. Involving lawyers and third parties is costly, and operating without binding agreements enables risk. Our smart contracts ensure digital nomads have access to binding agreements crafted by legal experts. With such systems, working from global positions becomes easy, even if an office is located in the Americas or in Asia, it all becomes streamlined.
In South America another country leads the way in the digital revolution, El Salvador’s announcement of Bitcoin as legal tender creates an opportunity for digital nomads to embrace alternative payment methods. With diverse clients from different jurisdictions, Bitcoin provides a suitable payment solution.
PayPal recently announced its support for buying and selling cryptocurrencies. Global companies are aware of shifting market factors. Our previous article highlights why companies need to embrace technology to survive post-pandemic.
Entrepreneur’s embracing technology and empowering their remote workforce to be productive stand to benefit. A remote workforce removes obligations such as expensive rented workspaces or workers’ supervision. Business owners can accommodate more progressive interests.
They can embrace new technologies to embrace digital nomads. As more workers traverse the globe, smart contract templates ensure easier business operations.
We stand on the precipice of a global workforce shift, technology is ready for a global paradigm change.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Astar to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building Smart Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with Smart Agreements, so that projects can focus on making their brand bigger and better.