Wednesday 25 December 2019

Companies with Relevant Products and Applicable Use Cases For Recruitment- Blockchain

Proffer provides decentralized crowdsourced recruitment platform that allows social search and recommendations on the blockchain. The rule is that the participants have to match candidates to jobs. If the votes of the participant will influence real-world outcomes and if the suggested match turns into interviews and jobs then the participant will get paid.

Ethlance is trying to solve the following problems through blockchain based solution: fake reviews, reliably getting paid and the uncontrollable influence of a central authority. The Ethlance database is distributed on the Ethereum public blockchain and the source files are on IPFS. Ethlance is accessible to everyone forever, without any central authority having control over it. Ethlance claims that it is first job market platform working completely on Ethereum blockchain with 0% service fees.

HireMatch plans to reduce the cost to find, interview and acquire new employees by removing unnecessary friction and creating a more efficient marketplace by incentivizing ‘Agents’ with” their ‘token’ which they call Hire. To do this, HireMatch rests on blockchains, a distributed database that is used to maintain a continuously growing list of records, also known as blocks. Each one of these blocks contains a timestamp that links it to the previous block. Consequently, a blockchain is formed and managed by peer-to-peer networks collectively adhering to the protocol for validating new blocks in the chain.

SpringRole is the platform where people can view, share and get attestations on their professional profile, thereby creating a verified resume that they can share and use. A user’s professional profile contains three parts: 1) educational qualifications, 2) work experience, 3) skillset. Each of these three will have their own flows to get attested and once they are verified, SpringRole writes them to the blockchain. These claims, once verified, will not have to be re-verified in the future and can be relied upon.

By combining the blockchain with mobile and cloud technology, Bitwage is now focused solely on facilitating cross-border payments by using bitcoin as a sort of payment conduit; employees ultimately get paid out in their local currency, and Bitwage handles the conversion of bitcoin to local funds. Bitwage claims that the payments are much faster than what can be achieved through the banking system. They plan to bring employees, contractors, freelancers on one hand and employers on the other, in different countries and building and maintaining a relationship with them on a single platform

ChronoBank, a time-based cryptocurrency initiative, has announced a forthcoming LaborX exchange: a blockchain-based initiative that will connect employers and workers directly, with the aim of disrupting and disintermediating the short-term recruitment sector. This is essentially an exchange on which buyers and sellers of work can trade skills for time and money.

Disclaimer- All the views expressed are author's and not of the employer.

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