ABL is an integrated talent ecosystem on the basis of blockchain technology. It aims at disrupting conventional recruitment principles and improving the existing system of talent acquisition by helping both employers and employees. Inside the ABL ecosystem, there will be rewards for professionals who develop and trade their own talent, thoroughly elaborating a presentation of their skills and abilities, as well as for those who refer, validate and recruit others. The use of blockchain mechanism will enable the friction reduction by means of monetization of behaviour throughout the hiring workflow. The ABL platform envisages targeting about 500 billion dollars per year that are now directed to recruiting agencies and social media platforms and turn them into coin rewards. The tokenization of the platform will ameliorate the labour market in the following ways: talent deployment will become more efficient, time-to-hire will reduce significantly, recruitment funds will be redistributed, data ownership will be returned to the user, career management will be organized in a better way, satisfying the parties involved. The ABL Network solves existing hiring workflow problems with an open-source, decentralized blockchain-enabled platform that empowers and rewards career expanding behaviour. ABL works through a decentralized system of bounties and attestation-based rewards for professionals and organizations. At its core are a set of smart contracts on the Ethereum public network, providing anyone the opportunity to participate without the approval of, or reliance on, a centralized authority. To facilitate a thriving network ecosystem, a supporting set of infrastructure and services will be provided by ABL. While not required to interact with the ABL blockchain based smart contracts, these services will provide the ecosystem with a fully functioning platform.
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$105 166 922
$32 230 081
$124 147 205
$1 300 000
$23 439 721
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