Misaligned Incentives

While you are out to get the best deal for yourself, your service partner might not have the same goal in mind. Unfortunately, these are difficult to prove because they are often unspoken.

Unfulfilled Promises

You might have an expectation of how certain things are done, but promises (often undocumented) are broken, and there are limited ways for you to bring your service partner to the task.

Expensive Legal Recourse

While it makes sense for a significant engagement, pursuing a legal case might not be viable for the usual engagement size. Pursuant through Small Claim Tribunals might also prove ineffective.

Solution: Our Unique Deposit (Staking) System

Consumers rely mainly on online reviews (e.g. "number of stars") before deciding whether to buy a product or engage a service partner. Still, online reviews are less and less effective as an indicator of future performance. So something has to be done to protect consumers.

We borrow a tenet from the technology space (blockchain) of a "Proof of Stake" system where every participant has some kind of stake (deposit) to protect the system from errant behaviours because they can be penalized by forcefully forfeiting their stake (deposit). This system creates a common aligned incentive for all participants.

With StakedWork, our service partners have a stake (deposit) liable to be forfeited through arbitration should the consumer bring up a claim against them. Furthermore, their amount of stake is openly published, signalling how much they are committed to bringing you the best service possible. As they say - "put your money where your mouth is". Their "number of stars" is now replaced by "how much their stake is".

Industries We Serve

Property Agent
Renovation Firm

BENEFITS

What our deposit (staking) solution means for consumers.

Better Signal (of Competence)

The more stake the service partner commits, the stronger signal they are projecting that they will do things right. You will also be able to decide on which service partner to engage based on the size of your project vs the amount of stake they have.

Monitored Correspondence

All communications will be done through a shared channel with us present. In the case of claim, all communications material will be forwarded to the arbiter so they can make an informed decision.

Ease of Recourse

You can have more confidence when going through arbitration because you know precisely the amount of stake (deposit) available from your service partner. This avoids the multi-steps process usually tied to Small Claims (judgement and enforcement).

3 SIMPLE STEPS TO START

01

Your Requirements

Tell us your requirements. It will help us gain a better understanding of what your needs are so we can find the best match for you.

02

Your Best Match

Based on your requirements, we will email you a list of service partners together with information on how much their stakes are, signalling their "skin-in-the-game" for the engagement.