James William Awad

Decentralization Benefits for Businesses

A businessman and entrepreneur from Canada, James William Awad is the founder of TripleOne, an international company. James William Awad opened TripleOne, an international decentralized company that operates 19 other companies throughout the world.

Decentralization is an organizational structure in which the top management allows the lower subordinates of the firm or associated firms to make decisions on their own. The top management has in this way more time to decide the most important things and the subordinates can make valuable decisions and influence the course and profits of the company, which can enable a company to thrive and prosper. Decentralization promotes diversity as more people can impact the actions of the company and each can come up with creative and innovative solutions to fix problems or increase revenues.

Employees also get the chance to improve their leadership skills, which can prepare them for management or executive positions in the future. Decentralization can improve the motivation of employees and therefore the productivity of the company. In this way the company can attract more people as it is more diverse and can create products or services for more types of people.

TripleOne, A Decentralized Company

In October 2018, James William Awad founded TripleOne. A decentralized company operated by its users, James William Awad created TripleOne to address the needs of diverse companies across the world, including hiring and creating new jobs.

Unlike traditional company operations, TripleOne does not use a hierarchical structure. Instead, users suggest ideas for how to manage TripleOne and vote on them. The best ideas become official company policy.

Users earn income by completing tasks assigned to projects. They’re stored on TripleOne’s proprietary servers on behalf of TripleOne’s affiliated companies. When a user completes a task, the user receives points. Company accounts also earn points based on their affiliates’ activity.

Points turn into money. Payouts occur at the beginning of each month when accounts are cleared. TripleOne’s projects are web-based. They are compatible with any modern Internet configurations and computer operating system. Therefore users can complete work from anywhere in the world.

What is Crowdsourcing?

Operating a decentralized company with users across the world, James William Awad founded TripleOne in October 2018. By drawing on users’ collective ideas, James William Awad helps companies meet their most pressing needs. The company taps into crowdsourcing to help organizations across industries generate better ideas and other benefits.

Crowdsourcing is a group of people collaborating on a task. Each member of the group contributes a small portion to the task at hand. Even though one contribution entails minimal time, financial investment, or labor, thousands or millions of these contributions help progress the tasks’ completion efficiently. The result is an aggregate of all of their ideas and effort, possessing the best qualities from their work.

There are several benefits gained from crowdsourcing. Crowdsourcing reduces costs by distributing the work to a large group of people. This also saves money by reducing the need to hire an expert. When combined with social media, crowdsourcing also creates more consumer engagement. Consumers feel a sense of purpose through assisting the project.

TripleOne Leads the Way As the First Decentralized Company

Canadian entrepreneur James William Awad first got his inspiration to create a decentralized company when he was just 16 years old. Now, as an adult, he is the founder and CEO of the world’s first decentralized company, TripleOne. Through the platform, James William Awad encourages a collaborative approach that allows users to benefit directly through their projects, ideas, and votes.

The idea behind decentralization is that multiple individuals or groups control an organization rather than deferring to a single leader. Unlike limiting the decision-making power to a proprietor, board of directors, or private investors, the direction is guided by many active users that the platform verifies. Responsibilities are delegated more democratically, and everyone has a say on what the organization does. In terms of TripleOne, this means that the company depends on people from around the world who work together to develop projects and contribute to the operation of the business.

TripleOne oversees companies in a variety of industries that all act as individual projects owned by the parent organization. Every user of TripleOne acts as a proprietary owner of the company, and can vote on what projects and ideas would or wouldn’t be good to move forward with.

How Jobs Applications Work on TripleOne

Getting his start in the business world as a teenager, James William Awad is an entrepreneur who has embarked on diverse ventures. His work has involved programming, retail, and philanthropy. James William Awad’s latest project, TripleOne, is a decentralized company that also encourages collaboration: it allows users to own and make decisions for the company. One facet of TripleOne is the way the decentralized job system functions.

The TripleOne job system operates by allowing the verified platform users to suggest candidates to fill an open position in an existing project under one of TripleOne’s subsidiaries. They can also suggest new positions that they think a project or team will benefit from. Users can apply for jobs they see they are well suited for and have other users vote for them completely anonymously, without the applicant’s name, country, picture, or gender being displayed. This ensures participants suggest each other based purely on merit and not by bias. When a user is recommended to interview for a company, whether or not they get the job is shown publicly in the company’s refusal rating. If a company has too high of a refusal rate, it may be penalized by TripleOne, thus balancing accountability and accessibility for both the companies and the platform users.

How TripleOne Segments Function to Provide “Permanent” Rewards

A Canadian entrepreneur, James William Awad leads TripleOne, an international and decentralized platform designed to foster collaboration on investment projects. James William Awad designed a next-generation voting system at its foundation, allowing users to decide which projects merit funding actively.

The TripleOne credit and rewards system offers segments as payment to registered and active user accounts. TripleOne Segments are provided only to those who contribute to the business’ overall operations. They are “permanent” in the sense that they remain in the user account until the account is closed or canceled.

The cash awarded to eligible users reflects collections made from TripleOne companies at the beginning of each month. These funds are put into the rewards calculation budget, with the amount of cash distributed to individual users depending on the number of TripleOne Segments in specific accounts. For example, if the total available budget set aside for monthly rewards is $1,000 and a user account has an account deposit of 100 million Segments (out of 1 billion total segments), the user would receive 10 percent of the total $100 payment.

The amount of TripleOne Segments in circulation increases each month, at a rate of 0.5 percent of the total Segments in use. These reflect the user’s TripleOne Points earned over the previous month of activity and thus reward those who have contributed the most to the platform.

TripleOne’s User-Vetted Customer Email Response System

A Canada-based entrepreneur with a focus on investment technology, James William Awad has developed the decentralized TripleOne platform. This allows users across the globe to contribute investment project ideas and have suggestions voted on. James William Awad’s company rewards registered users who deliver the best results to the quality of ideas and performance of suggested stocks through value units such as segments and points.

One of the unique aspects of TripleOne is that its decentralized system extends beyond the investment decision platform to the customer support system. With 24/7 customer support available, there is typically a response time of between five to 10 minutes. In addition, after a selected email is sent to TripleOne (or one of its participating or affiliated companies), all qualifying users have the option to click “accept the task” and reply to the email.

The user’s response is next routed to a voting session, where it needs to receive a pair of positive votes before approval is given and the message is sent to the customer. In cases where a negative vote occurs, the email is discarded and, if a report is filed, a TripleOne staff member will investigate. Validly reported rejections generate a temporary ban on that user answering emails. The same process is used for customer replies, except in cases where the email relates to a specific order or issue that requires TripleOne support team assistance.

Three Strategies for Staying Consistent in Your Business Endeavors

James William Awad is an accomplished Canadian entrepreneur and the co-founder of TripleOne, an international operation with a decentralized platform that allows users to collaborate in building out and managing the company. Also serving as TripleOne’s CEO, James William Awad’s number-one tip to fellow entrepreneurs is to stay consistent.

To stay consistent in your business endeavors means to keep showing up and giving your best every day, year after year. As challenging as it is, certain strategies could help you maintain consistency. The first strategy is to segment your schedule.

Dividing your daily and weekly tasks into small blocks with associated subgoals allows you to focus on one activity at a time and helps prevent you from becoming overwhelmed by the thought of having too much to do. For example, you might devote Tuesday and Thursday mornings to catching up with clients or investigating new business leads.

Next is to develop efficient systems by investing in building systems that facilitate smooth operations. This makes it easier to implement new aspects and remove dysfunctional elements without disrupting your business. Additionally, efficient systems enable you to optimize other people’s and your own time and create a repeatable business strategy.

Finally, seek help when needed. Everyone has limits mentally, physically, and financially. Instead of trying to do everything on your own, hold yourself accountable for acquiring help. You can join a mastermind group for entrepreneurs, find a mentor, utilize virtual assistants, or delegate to other staff members.

The Advantages of Decentralization

James William Awad is the founder of TripleOne, the first decentralized business in the world. Under James William Awad’s leadership, TripleOne operates over 19 companies.

In a decentralized company, its executives or leaders place the decision-making of the local managers or associated companies on their hands, unlike a centralized company where all the decision-making is done at the top with little to no influence on behalf of the lower companies or associates involved. One of the benefits of a decentralized company is the freedom and authority given to the associates, which translates into better products or sales.

Employees can adapt and improve their products. In case of demands, they can add it to the offer instead of wasting time talking with the leaders, and waiting for approval, time in which the clients may disappear from the lack of the product they wished for. Decentralization also improves the company’s morale since everyone has a choice and is responsible for the outcome of their work.

Differences between TripleOne Segments, Project Segments on TripleOne

James William Awad is a Canadian entrepreneur who leads TripleOne, a decentralized platform that enables users to directly participate in, build, and manage a company. Users worldwide are encouraged to suggest investments and then vote on which to pursue moving forward. James William Awad’s enterprise also provides cash rewards based on users’ level of participation in generating suggestions for entrepreneurial opportunities.

A key concept in this is TripleOne Segments, which are credited to the accounts of users at the time they register on the website. These are permanent in the sense that they remain in the user account until the account is closed or canceled.

TripleOne Segments are distinct from Project Segments, which are credited to user accounts based on the user’s projects portfolio. The portfolio reflects what has been presented via project investment sessions and successfully selected through a community-based process. Unlike TripleOne Segments, Project Segments are inflationary and reflect user activity. Ways of earning them include helping develop, implement, and improve on a specific project.

Cash is rewarded from the available budget of TripleOne Segments to eligible users depending on the number of TripleOne Segments within each user’s account. The Project Segments’ cash reward amount reflects the available project budget, as derived from all eligible projects, run through a reward calculation formula.