Freelancers

1. Research showed that around 59% of freelancers were owed $50,000 or more for completed work, with 72% of respondents saying they still have outstanding invoices yet to be paid by their clients.

   https://www.independenteconomy.org/our-blog/getting-paid-in-the-independent-economy

2. Project acquisition was chosen to be the biggest problem in the freelance career by 52% of the respondents of a survey

3. About 22% of freelancers feel that contract negotiation is a really big problem. The vagueness of the demand of clients that leads to dissatisfaction is often a pain point for freelancers.

   https://freelancermap.com/market-study

4. Freelancers often struggle with juggling different projects at the same time. Due to this, there can be a problem in scheduling a task according to the preferences of a client.

Clients

1. Clients face a backlash when the work they demanded is not delivered on time or is not at par with their expected quality which is a major issue surrounding growing businesses that rely heavily on the freelancing community.
2. Clients have to go through a lot of time consuming processes in connecting and delegating work with the freelancers.
3. Clients feel great difficulty in accessing and managing their payments. A lot of ongoing gigs, and a lack of trustworthy universal automation payment mechanism leads to management issues.
4. Owing to the ease with which a freelancer can fake their skills, they often might end up stuck in a gig with an incompetent freelancer. No immutable way of freelancer skill/history verification.