We seek to live in a world where the information that we read online is trustable - even if we are unable to personally verify it. SpringRole is the platform that furthers that vision by focusing on having verified professional profiles online.
Attention. There is a risk that unverified members are not actually members of the team
$22 971 497
SPRING ROLE is a blockchain powered professional –profile verification and attestation protocol that enables the users to view, share and acquire attestations hence creating a verified resume to share and use.
The project is very essential as it eliminates fraud and forgery of the user’s documents during the acquisition of power and employment opportunities through a secured storage using blockchain technology. I would therefore invest in this project.
Market:The key competitor of SpringRole is the first business network LinkedIn, which began its history in 2002 and after 14 years with traffic 200 million visitors per month was purchased by Microsoft for $26,2 billion. According to Wikipedia data, following the results of 2015 the profit of LinkedIn made up $2,9 billion ((+35 % to 2014), however, the dead loss of the company increased to $166M versus $15,7M in 2014. There is no information on the LinkedIn financial indicators for 2016-2017.There is also Indorse competitor in the decentralized environment, which raised $9,2M in the course of ICO, today capitalization is $2,5M, ROI USD - 0.21x.The innovativeness of technology and concept in the Spring Role project is minimal and they don’t bring revolutionary changes for HR area. While the usefulness of verification of data and jobseekers is obvious for companies, it’s doubtful for jobseekers, especially for young specialists. The project will face the key problem of the majority of social networks at the initial stage – because of low number of jobseekers the platform will not be interesting for companies, and jobseekers won’t register because of low popularity of the platform among employers.
Social activity:The activity of Springrole in social networks is low, except for Telegram (60K followers), which are attracted using referral program and Airdrop. The number of publication in Mass media - about 10, the project isn’t discussed at forums.
Project strong sides: blockchain engine which can give more flexible and secured product; final release before ICO; probably existing venture investors and partnership network. Project weak sides: great competition with LinkedIn without details of it. So our position is positive.
SpringRole hopes to reduce the average job interview period from the current 22.9 days to merely hours, eliminate the cost incurred in traditional hiring processes, and the losses resulting from bad hiring processes. SpringRole is on a mission to ensure there is transparency and efficiency in the recruitment process and they hope to bring all the benefits of blockchain to the job placement
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