Sep 11, 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.
The project has one strong point: the working version of the platform has already been created and is working. But the project has many significant drawbacks: Lack of marketing strategy and market vision Lack of strong competitive advantages Filled up market niche There is no understanding of the target audience. According to experts of Expert-coin rating, the project needs serious revision.
The world of hiring has a lot of desire and a long way to go if it is genuinely aiming to make the process more efficient. Therefore, ventures such as TRSUTLOGIC could make the difference in finally eliminating how people have access to job recruitments. However, the most significant challenge with the investment as with any new technology is to indeed get the participants within the hiring world to warm up and adapt.
If this is the type of investment you are looking to make then be aware that the do have a KYC requirement however they are not whitelisting clients, and as such whenever you do wish to make a purchase of their tokens you will be able to do so with relative each and peace of mind of course. The time scale at which they are going to be going live with their ICO reasonable and as such you do have a fair amount of time in which to stake your claim for their tokens. The business concept does look a sound one and one that does have plenty of merit, and if it is actively taken up by those people who are interested in using a blockchain to sell their digital assets that there is a long-term appeal to their project too, which is what often makes or breaks any ICO.
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