The digital era has changed our hiring industry. People no longer need to bring a thick page of job applications to the companies, they only need to register at a job site or send an email with digital information (e.g in the form of attached files) to the companies’ email address. But the technology revolution also has some side effects to the industry.
Inefficiencies in the Current Hiring Industry
It is true that digital information could make the jobseeking process easier. Yet, job sites or companies oftentimes require for some unnecessary or sensitive personal information, for example, the Social Security Number (SSN) and State/National Identity card details. The information are stored in a centralized database of the sites, where the data owners no longer have control, and who knows what will happen to those personal data. In fact, identity and data loss is the first issue of the inefficiency of our hiring industry.
The second issue is our hiring industry lack of trusted reputation. Most of the social media platforms and job sites do not provide verified reputation. So the recruiters depend on possibilities and at the same time have the risk of hiring an employee with fake reputation.
Then, there is no platform provides concrete background information, so that companies have to spend at least $35 to $100 per person to check the candidate’s background. The worst is if the person is not recruited by the company because of his background (includes educational background) is not suited to the company compliance-check. In that case, a background check is good for nothing. It is not only a cost wasting for the companies, but also time wasting for both parties.
The background issue also impacts ISPs (Independent Service Providers) and service requestors. There is no platforms which allow ISPs to validate, update or store their personal information securely. Then the unverified background information results in lack of trust of service requestors.
Trustlogics’ Solutions
Trustlogics could see the need of a platform which is able to request for verification, build reputation, access and maintain verified data, and referral hiring. That is exactly what Trustlogics will be.
Features
TrustLogics will develop a private blockchain which allows its users to store and retain data only with the data owners’ permissions. Also, there will be a public blockchain which will record any transaction which occurs within the ecosystem.
The platform will also enable verified profile status, peer-to-peer hiring model, digital portfolio for independent service providers, and Reputation Building System (RBS). You are highly recommended to read the further information about these features on its whitepaper.
Token Information
The good news is TrustLogics has its own tokens called Trustlogic tokens. The tokens meet the ERC20 standards. You could read the rest information about the usage of Trustlogics tokens on its whitepaper. You are also highly recommended to read the notice, terms and conditions parts on the whitepaper before you take any action toward the ICO. The information is needed since you have to know the risks related with purchasing, holding, using or disposing of the TrustLogics tokens.
Links:
Website
Whitepaper
ANN Thread
Facebook
Twitter
Telegram
Author:
Ashadiya_
ETH Address: 0xf6C481e9bf059DB0a38b876Ab893D11e31C338E3