Canyudo, a UK-based startup, released its social tasking app in closed beta ahead of a January 2019 launch, the company announced this week. Canyudo will launch the service first in Hong Kong before e
Canyudo, a UK-based startup, released its social tasking app in closed beta ahead of a January 2019 launch, the company announced this week. Canyudo will launch the service first in Hong Kong before expanding globally.
The platform bundles four core services: a goods marketplace, a freelance marketplace, a task management tool similar to Trello or Asana, and a payment system accepting both cryptocurrency and conventional currencies. At launch, Canyudo targets classified advertising, temporary hiring, and international remittances.
The app connects people with workloads they cannot complete to those with capacity and need for income or purpose, including individuals, businesses, and charities. Users post jobs, tasks, events, or items for sale and transact in cryptocurrency or conventional currency. The platform leverages blockchain for transparency and payment efficiency, reinforced by game design that encourages participation and task completion.
"Our design team learned their trade in the games industry, so we understand the motivating power of a well-devised game," said Steve Biddick, founder and CEO of Canyudo. "We are pleased to introduce the Canyudo app which stimulates pro-social behavior to fulfil one of our core aims – driving a resurgence in human cooperation. The app doesn't just simply get things done; we enhance the ripple effects of good deeds through a pay-it-forward model using an in-app coin to make impact measurable."
Users create tasks and assign them to individual contacts, send them to predefined groups, or broadcast them to the network for others to discover. Job seekers specify their search radius and location preferences. They can donate time, skills, or money to nonprofits and charities or sell these services on the open market. Each user's profile displays skills and qualifications. The app automatically notifies users when network jobs match their background. A rating system lets users score each other as tasks complete, while the app records response time and reliability so users can demonstrate their experience.
Smart contracts deployed on the Ethereum blockchain (ERC20 tokens) execute agreements between users. For each transaction and smart contract execution, Canyudo charges a fee while generating a charitable contribution selected by the user. The company allocates one third of its revenue to charitable causes.
Canyudo opened in 2015. In May 2016, the startup raised £161,770 through a Seedrs equity campaign. The team began software development in February 2017. The company is running a second Seedrs campaign to raise £160,000 for global expansion. Canyudo plans an initial coin offering for early 2019.
