A crowdsourced coding platform, Koder is helping businesses find skilled freelancers for their business needs. The idea behind Koder is to help freelancers find assignments and projects.
According to the company's official announcement, its free app will enable anyone to hire highly skilled freelance coders and reward them with a bounty. The platform is a decentralized network of highly skilled freelance coders. Koder promises the companies that they can significantly reduce the cost and time that it takes to hire coders.
Koder’s founder, Elmer Morales is a self-taught coder. He believes that coders are the builders of today’s world. What the company is doing is unlocking the world’s coding talent. Koder promises to reduce the cost of hiring coders from several weeks to just a few minutes. The platform has offered its services to BMW, Uber and other startups like BRAVO Pay.
Morales came up with the idea for Koder when he was working in top tech firms. He saw that companies were billing out coders at $600 per hour, even if they were just attending meetings or reading a specification document. He also observed that only one or two coders performed most of the work while a large part of the team is of low-performing coders.
The hourly billing model is broken in the software development industry. Regardless of the output, low performing coders get paid at the same level as top performing coders. Koder platform is built to reward the well-deserved amount to the top coders. The platform is built on blockchain technology to ensure transparency.
The demand for freelancers is going up each day. Software professionals are re-skilling and upskilling by working with various companies within a short span of time. Top tech firms are increasingly relying on the gig economy to get something done in a short span of time while keeping the costs minimum.
Koder is a perfect example to promote the gig economy. It makes sense for tech companies to rely on freelancers over full-time staff. For a project with short deadlines, shelling out a large budget on freelancer is more beneficial for tech firms than investing time and efforts in hiring an in-house development team.