HireBits

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.