There are many skilled and experienced professional translators scattered the entire world round, however, they lack the effective way or means of binding them with the suitable customers in terms of translation field or language. Rather, there are some translation sites, which impose high commissions and paid subscriptions for that; not to mention complexities and problems in centralized payments and difficulty of translator- customer communication. Furthermore, there are monopolistic translation companies playing third party role and imposing translation rates high to customers.
The“Translation Service “project’s idea is to connect translator to customer and facilitate transactions made between them via Smart Contract TRC built on the Ethereum Network , utilizing Token in payment and purchase processes against translation services, whether text translation , video translation, translating works of a certain artist, personal documents, or other translation services, all of which are to be free of charge without any commissions , fees or paid subscriptions imposed on the translator or customer.
Translation Service project targets the ever-growing translation market, as translation industry nowadays includes many services. If you are an investor looking for a successful investment, translation industry may be an option. According to Globalization and Localization Association (GALA), total global linguistic industry market volume amounted to about 40 billion US dollars in 2016 and is expected to reach nearly 53 billion dollars by 2020.