Sep 23, 2018
The Magnetics platform will record, verify and evaluate a worker’s employment background, qualifications and life experience (including references, culture, communication skills, network, grades etc.). Magnetics’ networked intelligence systems will validate and quantify this data to produce a verified adaptability score called the Magnetics Employment Capital Score (MECS). By ranking a worker’s MECS against the Magnetics Employment Capital Index, recruiters and employers can measure the value of each candidate for current vacancies and future skill requirements.
Magnetics will suggest suitable roles and recommend development mechanics (e.g. training and education) that will help them improve their MECS thus improving their ability to adapt for future shifts in global skill requirements. The functionality of the MECS tool will make it relevant to everyone and not just those seeking employment. The MECS tool will be accessed by users through a comprehensive dashboard based portal. MECS will give job seekers the ability to keep a check on recruitment agencies and ensure they are putting them forward for the correct roles. MECS will give current workers the insight needed to move into new and desired areas of employment.
The Magnetics platform will provide multiple support systems for recruitment agencies. The MECS data can be used by recruitment agencies to widen the pool of suitable candidates for roles by recommending candidates with skillsets that sit outside of the specific job specifications but match or better the role in terms of suitability. Magnetics will support the recommendation of candidates to recruitment agency clients with verified and easily accessed proof of suitability and ability to adapt.
MECS (Scoring/Rating system for both Job seekers, Employers & Recruitment agencies), Job board, Job Advertments, Social Interaction, Hybrid Blockchain, Privacy, FREE API, Low Costs, Syncronising Of Data, Media Market, Earn KLIX Tokens, Live Interaction, Media Portfolio, Help & Advice Guides, Data Recovery
The Magnetics platform is formedfrom 4 composite parts:1.Multi-chain verified data protocol and data registration smart contract. Allowing users to upload and verify relevant data about themselves from formal qualifications, career milestones and life learned skillsets. The contract will have a ‘function clause’ allowing other users to query and corroborate the‘owner’s’ i.e. the uploader’s entries.
2.Decentralised Applications, primarily the Magnetics App that hosts the P2P verified marketplace, skills verification etc.3.MECS, (the Magnetics Employment Capital score app) provides a quantified value surrounding a user’s propensity to adapt in the face of shifts in the global skill-requirement space. The MECS algorithmically triangulates the user’s verified employment history from the magnetics DApp against a data bank of global employment research to engineer the users standardised MECS.
The process of data exchange is as follows:
Application A requests user data from application B via the Magnetics protocol. The user receives a notification, thus sparking the decision whether to decrypt for the requester. If the data owner wants to receive Klix tokens, the user specifies the number of tokens for which he/she is ready to sell the data. Post token transfer, the data in the encrypted form is automatically sent to the Application B. Following that, the data in Application B is decoded.
Prima facie, Magnetics will use decentralised stores as the basis of its data exchange and storage system. The hash of data to check its actuality is stored in distributed registries and ledgers. Stores with elements of Storj, IPFS and Torrent technologies can be used to keep the data. Stores will have an adaptablesystem to manage access rights and allocate stored information to nodes (in some cases not all data will be stored on all nodes in order to optimise the engaged space). Thus DApps and smart contracts provide the cortex structures of the Magnetics protocol. Magnetics will regularly publish suggestionsfor functional decentralised applications that will benefit the Magnetic platform and its users. We will support 3rd party developers with all that is required including API sharing, storage, data exchange systems and application frameworks etc. Magnetics uses a PoS consensus algorithm that works with Byzantine Fault Tolerance to maximise data retention rates and achieve optimum scalability.
Phase 1 - Q1 2019
Phase 2 - Q2 2019
Phase 3 - Q1 2019
Phase 4 - Q2 2019
Phase 5 - Q2 2019
Phase 6 - Q3 2019
Phase 7 - Q4 2019
Attention. There is a risk that unverified members are not actually members of the team
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