May 7, 2018
We, at TrustLogics, aim to streamline the global recruitment industry’s inefficiencies — fake resumes, faulty hiring, lack of background verification, data loss — by harnessing the immutable and secure characteristics of blockchain technology. We strongly believe that we can breathe fresh life into the hiring process for both Professionals and Independent Service Providers by utilizing Smart Contracts and certified background validators. We intend to establish a platform where: 1) Jobseekers can get their professional milestones verified, by TrustLogics ecosystem users or 3rd party certified & partnered validators 2) Recruiters can use power of Peers who can refer suitable candidates for posted jobs 3) Independent Service Providers (Blue Collar contractors) can benefit from background checks and build shareable Digital portfolios containing reviews, ratings and reputation levels, which will eliminate middlemen/service websites
1) Build Trusted Profiles
Jobseekers can get their personal and professional information verified by
· 3rd party certified & partnered validators and
· Using Reputation Building System (RBS)
2) Reduce hiring cost with Peer to Peer hiring model
Recruiters can use the power of Peers who can refer suitable candidates for job listings. As candidates are referred by peers, verified and trusted candidates are expected. We believe this process reduces the time taken for hiring suitable candidate and cost involved in hiring.
3) Help Independent Service Providers (ISPs)
ISPs, who are self-employed contractors, who pay service websites to get contracts, can benefit from background checks and build shareable Digital portfolios containing ratings and reviews, which will eliminate middlemen/service websites. This will help in bringing down the costs which are spent by Service Requestors and increase ISPs profit.
TrustLogics is aiming to develop a hybrid approach to its blockchain solution: a private blockchain to store and retrieve data, and a public blockchain to record transactions. This approach helps us in scaling the Blockchain solution to hundreds of millions of users. A REST API wrapper will be implemented on top of the private blockchain for read/write operations.
Hyperledger will serve as the private blockchain (to store data), and Ethereum will serve as the public blockchain (to record transactions). Hyperledger will be cloud-hosted on Amazon AWS with the necessary libraries and API endpoints.
Attention. There is a risk that unverified members are not actually members of the team
This is a decentralized platform which facilitates digital authentication of professional data, stores the attested version on blockchain and makes it shareable based on the user's permissions.
Trust logic platform enables the users to securely store their information and personal data on blockchain and share them under user-controlled permissions which enable recruiters to easily get competent employees based on their data. This is a motivating factor in investing into this project.
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