The document discusses how blockchains could improve the freelance economy by addressing issues with existing freelance platforms like high fees, lack of reputation tracking across platforms, and barriers to international talent. Blockchains could enable cheaper and borderless international payments, improved interoperability across platforms through shared bounties and identities, and better aligned incentives through paying freelancers in native tokens. This new blockchain-enabled freelance model is called "bounties" and could allow demand to better drive talent by enabling clients to post exactly what tasks they want completed. Open protocols are being developed to allow anyone to build bounty networks and create standardization across platforms.