PROFESSIONAL PROFILE VERIFICATION AND ATTESTATION AT ITS ALL-TIME BEST
The corporate demand for talent and experience is on the rise but so is the methodical rise in applicants indulging in massive falsification of information in resumes. Companies are skill and experience-driven and they are disposed to settle for candidates with good educational background plus a superior work exposure. Sadly, fakes resumes deny real talent a fair chance in the global job market. There are a lot of resumes with significant inaccurate information – from inflated numbers for years of experience to salary, designation and academic qualification. It is on record that 53% of all job applications today contain massive inaccurate information and this trend costs employers a lot since it requires a lot of time, manpower and money to verify resumes and run employee reference checks. There is practically no way to validate credentials or endorsements which is more or less at the fulcrum of the recruitment process. Granted, LinkedIn has attempted to ameliorate this malady by implementing endorsements but there are more than enough loopholes: the process is not transparent and largely prone to huge manipulations; in fact, LinkedIn has gradually become another social media platform.
Do you know that LinkedIn is valued at some 15 billion US dollars? This revenue is generated from advertising and selling of user data. The bad news is that the users are never given any incentives from the huge fortune of the platform – fortune that could not have been generated without the users. Consequently, the world is in a frantic and desperate need of a professional profile verification and attestation protocol that eradicates the entire aforementioned challenges, among others, and shares its fortune with users through some form of incentives.
SPRINGROLE – THE ULTIMATE ANSWER
SpringRole is a blockchain-based professional verification and attestation platform. The platform is fully decentralized and it solves all the problems that exist in today’s profile verification methodologies. Using it, you can view, share and get attestations on your professional profile, thereby creating a verified resume. A user’s education and work experience are verified by the universities and companies concerned and then written directly to the blockchain. The power of the blockchain positions the platform to have full control and the needed flexibility to realize a trustworthy, transparent verification.
In the Spring platform, users will have a three-dimensional professional profile: educational qualifications, work experience and skillset. Once verified, the information will be written on the blockchain and will need no further verification in future. Claims of employment history will naturally be verified by the organizations that one has claimed to have worked in. Educational claims will be verified by the schools that one has claimed to have attended. Skills claims will be verified by experts in the field; for instance, the impact of John’s attestation that Bob possesses a given skill is based on the expertise and reputation of John for that skill.
The white-paper is thorough with vivid examples of how the system works in practice and under different circumstances.
USE CASES
Consider some of the many use cases of the SpringRole platform:
• For educational qualifications attestations: supposing Alice claimes that she has a Bachelor Degree from the Acme University. She needs to request individual attestation from the school. Acme University officials join the ecosystem and confirm the validity of Alice’s claims and make their attestation. (Note that the Springrole platform has proposed a functionality that enables universities to upload data of students who have graduated from their institutions. With this functionality, students will not need to request attestation individually).
• For skill endorsements: suppose Alice wants Bob to endorse her in Java. Alice will have to enter Bob’s contact details to request for Bob’s endorsement on Java, thereby adding a new user to the platform. Should Bob decides to endorse, he pays for the endorsement in tokens and endorses Alice. If Alice accepts Bob’s favourable endorsement, her score increases and consequently, anyone that she endorses for will also have their scores recalculated.
• For additional course attestation: Alice has completed a course with the certified MOOC provider, Udemy. She contacts Udemy for attestation. Udemy uses the Springrole platform to validate her claim, thereby enabling a publicly available attestation for everyone to view.
• Employee reference checks: an employer can use the platform to check the references and accuracy of a candidate’s resume. With the platform, companies can conduct employee reference checks within seconds.
• For mock interview.
• For smart contract audit.
• For direct mail within the network.
• Etc.
The Spring Token
• There is a total supply 10,000,000,000 tokens
• 3.5B tokens are earmarked for sale.
• Token type: ERC-20 compliant token.
• The Spring price is 0.00002ETH.
The Spring token will be used within the ecosystem for a wide range of actions: referring an individual or institution to the ecosystem, submitting profiles for verification, rewarding users for participating in the community for job referrals, messaging, etc. The entire functionality architecture of the platform is tied to the token. The token is the driving force, the incentivization model for users. Users can earn tokens by referring anyone, referring a company, endorsing others, getting attestations, etc.
Conclusion
SpringRole has already received overwhelming support from big shots such as Alex Waters, a big player on the Bitcoin core development and founder of multiple startups. Another key player who believes in the SpringRole project and has offered support accordingly is Mike Jones, CEO of Science.Inc. And what about SpringRole groundbreaking partnership with Flipkart, a giant e-commerce site with over 100 million users? These are pointers that the project has an enormous potential. Nevertheless, although the platform has been conceived to be fraud resistant, the reality is that users may try to outsmart the system. There are scaling limitations of the Ethereum blockchain to worry about too. It is encouraging, though, that SpringRole acknowledges these potential dangers in their whitepaper and has taken proactive steps to forestall them.
Still, the success of the platform will largely depend on organizations and institutions making attestations. With the experience of the team in recruitment and blockchain industry, chances are the platform will succeed and become the blockchain, next generation ‘LinkedIn’.
For more information, please visit:
https://docsend.com/view/k5nghff white paper.
https://springrole.com/ website
https://twitter.com/springroleinc/
https://www.facebook.com/springrole/
https://bitcointalk.org/index.php?topic=3556999.new#new
Written by Delightme
Bitcoin Profile link: https://bitcointalk.org/index.php?action=profile;u=1860734
ETH: 0x145d630dE9593a0CA2bB7766e8ED32ff84a89226
Nice project