04 July 2018

Thor Progress Report For June, 2018

The Evolution Of The GIG Economy

Thor has made the progress report for the month of June, 2018 public. In the report released recently, they provided their community with updates on their mobile platform, information on regulatory specifications and also on their business development drive.

As part of the business development drive, David Chin the CEO of Thor was in Tbilisi, Georgia where he had very promising meetups. Read on to get more information on the Thor progress report for the month of June, 2018.

 

Thor Mobile Beta

Thor Mobile Beta

Thor Mobile Beta

The Thor Mobile Beta is the first store to be powered by blockchain technology and it will enable users to buy various items with the use of credits that are accrued from a Token Sale. Anyone can readily download the Thor Mobile Beta app from Google PlayStore on their Android mobile devices including smartphones and tablets.

The Thor Mobile Beta app will be made available on Apple iStore once they approve it. With the beta, members of the Thor community can conduct stress tests of the platform to ascertain the efficiency or otherwise of the digital credit sending and receiving functionality of the platform. Thor stated that participants of their Token Sale will have exclusive access to the functionality of the app. For more information on this, you can click here.

 

Regulatory Specifications

According to Thor, regulations on either the state or federal level continues to influence the activities of blockchain-based companies and Thor is not exempted. For example, the California Supreme Court on the 30th of April, 2018 made a pronouncement of a new testing system (ABC Test) that will be used to classify a worker either as an employee or as an autonomous contractor. This pronouncement was instigated by the case of “Dynamex Operations West, Inc. v. Superior Court of Los Angeles, No. S222732 (Cal. Sup. Ct. Apr. 30, 2018)”.

The “ABC Test” helps to streamline the way the workforce of employers are defined. According to the California Supreme Court, workers can only be classified as autonomous contractors where the employer is able to satisfactorily comply with every aspect of the test. These aspects include the following;

  • The worker must be free from the sort of command, control and direction that employers have over their regular employees.
  • The worker must be seen to be providing a service that is outside the scope of the employers primary business. So in fact the service provided by the worker should not be construed as something regular employees can effectively do on a day to day basis.
  • The worker must be seen to be fully engaged in a duly registered business, trade or occupation as his/her primary work engagement.

 

How Does The Dynamex Case Affect Thor?

According to Thor, the Dynamex case will have little or no impact on the main business of Thor as it only applies to those businesses that are located within the state of California. They stated that there is a large number of autonomous contractors in San Francisco that do not operate within the limitations of the “ABC Test”.

 

Thor Business Development Drive

The trip of David Chin the CEO of Thor to Tbilisi, Georgia was a very promising one that resulted in strategic partnerships reached with both Spotcoin and Travala. Thor is keen on ensuring that it’s activities are placed on a global pedestal and according to them, the partnership with Spotcoin and Travala is just the beginning in taking Thor from the shores of the U.S to an eagerly awaiting international audience.

David Chin and Timothy Gick of Spotcoin

David Chin and Timothy Gick of Spotcoin

Thor has also taking massive steps forward in their drive to provide qualitative healthcare to workers in the U.S, the full details of this will be provided in an official update very soon. You can be sure that once the announcement is made by Thor, you can get details right here.

Thor has also laid the foundations for their very first business-to-business (B2B) clients on the “On Demand” side of the GIG Economy. An announcement is expected soon once the final details have been sorted out.

 

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