HireBits

HireBits

Created using Figma
Created using Figma
The HireBits token will be issued by us, after the completion of the token sale. We aim to enable the use of the token in the HireBits platform. Some of the tokens will be spent to enable users, institutions, and partners for their transactions on the platform. As backers for HireBits, token owners can either hold them for future use or trade them on exchanges. Due to a lack of regulatory consensus, the tokens will not provide dividends or entitle owners to share profits from the business. However, we believe the fundamental business behind HireBits will have some impact on the value of the HireBits tokens over time. We believe the HireBits business holds sufficient diversity to be attractive and profitable for traders and investors with different objectives. The HireBits token will be implemented as an ERC20 token over the Ethereum blockchain. ERC20 allows us to leverage existing resources built for the Ethereum ecosystem, including tools, exchanges, wallets, etc. People can buy, sell, send, or receive HireBits in the platform or convert it to fiat and withdraw.
Risk: Very High
Token Sale
Dec 15, 2017
Jan 14, 2018
100% completed
Raised funds - no Data
past
  • 7273 HRBT
    =
    1 ETH
Token Details
Ticker
HRBT
Accepted Currencies
ETH
Company Details
Registered Country
India
Additional Details
Platform
Ethereum
Categories
Platform

About HireBits

Some technology shifts will re-shape how the world earns a living. Robotic Process Automation, Artificial Intelligence, and robots/co-bots are not science fiction today. However effective they are today, they will be significantly more effective in the next 5 years. HireBits is a transformational digital platform for the on-demand, gig economy, where technology is, irreversibly, changing the way the world hires and works.

HireBits is a digital platform for the new world, where everything is on-demand. HireBits aims to achieve two things: Intelligently match people with companies and vice versa Transfer control and choice to people as we move towards an on-demand, gig economy The platform is based on Ethereum as the underlying blockchain platform. It is built for and intended to be used by people without development or programming expertise, offering a zero touch experience in identifying and working with independent workers.

HireBits has immense potential in the digital world and we believe it serves an important purpose for everyone who is part of the ecosystem. Together with our presence and relationships in a large market, we are well positioned to generate revenues by 2018. If we manage to raise the funds that we are aiming for and hire a full-fledged team by March 2018, we have no doubt that we will be on track to have a working product and pilots on stream by end 2018. Importantly, we believe the HireBits token will be used widely within out platform and will serve a purpose beyond raising funds for us. The value of the token could be intrinsically dependent on the transcactional volumes on the platform, though it will be subject to market vagaries.

We have also structured our token sale to ensure we are not raising more funds than we need for the foreseeable future. We are clear that if the token does not offer multiple avenues for creating returns for the investor, it shouldn't exist as one.

Features

INTELLIGENT MATCHING

Hundreds of platforms claim to use Analytics to provide the best matches, whether dating sites or job portals. Our approach to Intelligent Matching is a little different from most. It does not use keywords or classification algorithms to indicate a match. During our extensive data collection and research process, we identified certain parameters that had an outsized role in determining a successful match between employer and employee. Consequently, our Intelligent Matching algorithm considers a completely different set of parameters compared to the competition. We believe that our classification and matching methods eliminate the bias that is inherent in selecting talent. However, this solution is not universal. We are well aware that different markets have different dynamics and biases and there is no one solution fits all. Nevertheless, we have a solid framework we can use to expand our data collection, research, and analytics initiatives. 

CHATBOTS

The little things make a lot of difference. The digital savvy consumer prefers the simplest digital interfaces and touchpoints. Over the next few years, it is our belief that a lot of ‘search – tap – open – submit’ workflows will be replaced by far simpler chat interfaces. We are ahead of the game, as chatbots will be a central part of how users – businesses and individuals – interact within the platform. It is more than a novelty factor, our early prototypes have shown improvements in the time taken to perform standard platform functions, such as creating and publishing job descriptions or running a search. As our NLP algorithms learn, we expect chatbots to be the primary interface within HireBits.

DAPPS

The HireBits platform is not intended to be complete or comprehensive by itself. While it will address specific use cases end-end, we envision it to be a platform that will be complemented by an ecosystem of developers and the community. Decentralized apps will help extend the core capabilities of HireBits through SDKs and APIs. For example, institutions and entrepreneurs can choose to create a geography or function specific marketplace within HireBits. Or, you can deploy an application that helps generate visual CVs or any number of other functions. Eventually, we will have a plan to incentivize good developers with HireBits utility tokens to increase adoption and make a broader set of applications available to the user base.

SMART CONTRACTS

Anyone familiar with the Ethereum ecosystem must be familiar with smart contracts. Smart contracts bring the benefits of the blockchain technology to diverse use cases, while reducing transaction and infra costs and creating efficiencies through automation. At the outset, HireBits will support simple contracts between two parties. The goal is to encourage companies and independent workers to use HireBits as a trusted platform. HireBits will enable autonomous execution of contracts between the parties.

CONTRACT DISPUTES

Contracts come with inevitable disputes. As a platform that aims to foster the use of smart contracts, we believe it is incumbent upon us to facilitate dispute resolution. Initially, HireBits Account Managers will act as facilitators between the disputing parties. However, it will be important for HireBits to ensure more facilitators not associated with us to be available for settling contract disputes and ensuring resolutions. Over time, each smart contract will have a specific percentage, yet to be decided, set aside for disputes. This amount will be used to pay facilitators within the platform. If no disputes arise, the amount will be refunded in the wallets of the contract initiators. 

HireBits Roadmap

  • December 2017

  • Token Sale Begins
  • January 2018

  • Token Sale Concludes
    HireBits Token Distribution
    Exchange Listing
  • July 2018

  • Firrst Token Buyback

Activity

Status:
Newbie
VERY LOW
Activity:
24
VERY LOW
Merit:
0
VERY LOW
Posts:
33
VERY LOW
Views:
1 492
LOW
Alexa
Rank:
19 125 479
VERY LOW
Delta:
0
Year commits:
9
Watchers:
1
Stars:
1
Forks:
0
Open issues:
0

Team

Verified 33%

Attention. There is a risk that unverified members are not actually members of the team

Chethan Narasimha
Team member
unverified
Ken Rosario
Team member
unverified
Team member
verified

HireBits Interviews

Vijay Akula
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
I am the Account Manager for HireBits. I build relationships with institutional customers who will be integral to our success.
2.32
negative
5.0 16
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