Job seekers can enter a Bizzy profile once, and apply everywhere. They always remain in control of whom they share their data with, and their profile is never 'owned' by a proprietary service.
Cryptocurrency, Investment, Platform, Smart Contract
CareerChain is changing the $200bn job market with Bizzy.
When you look for a job, what do you do? You go online and do a search, and a bunch of job listings come up in the results - you see one you might like on some site like Indeed or Monster, or maybe even on the careers page of a company you’re interested in, and you click on it, and there is always some form you have to fill out. The problem is, you generally have to do this 10-20 times before you get hired. That’s a lot of typing in forms! Maybe you can just upload a CV or Resume, which some sites support - but increasingly, job hunting is happening on mobile devices where your CV is not handy. Some sites like Indeed, Monster and Linkedin have saved profiles, but they don’t work on competitors' sites. and the result is, lots of form filling, unhappy candidates, low conversion, and employers wasting $200bn a year on job ads. There was no global standard for applying for jobs, so we built one.
Bizzy profiles are the easiest way to apply for all jobs with just a couple of clicks. Built on a blockchain, Bizzy profiles can be trusted; shared with anyone from any device while also protecting your privacy and data. You don’t need a digital wallet or Ether or Bitcoin. As a job seeker, you just carry on using your favorite job sites and staffing partners, automatically create a Bizzy profile and apply for jobs easily - Enter once, apply everywhere.
Tokens and token value
Partners (job boards, ATSs and staffing agencies) pay a small transaction fee in tokens to process Bizzy profiles, which is split between a reward for the partner that helped create the profile and a reward for token holders (investors) in a Proof-of-Stake consensus model.
Among partners, there will be net receivers and net payers in the economy. A small number of net receivers will bring millions of candidates to the platform (usually the early adopters) and their rewards will far exceed their transaction fees. Net payers, who make up the majority of partners, will always need to buy more tokens on exchanges. Bizzy profiles also form the base for a whole world of new apps in the job market like automated reference checks, skills certificates... encouraged by the CareerChain Foundation and using the CareerChain Token.
To prevent high token values becoming an obstacle to processing candidates, transaction fees are quoted in USD and converted to token fees with up to 18 decimal places.
Token velocity also increases as third parties build more services that use the CareerChain token. This is actively encouraged by the CareerChain Foundation which hosts hackathons and provides grants to developer teams and companies.
Token holders have an incentive to hold their tokens so they can also receive proof-of-stake rewards for hosting a simple node and validating blocks.
See slideshow: https://www.slideshare.net/secret/G0eOY8jctD7DeF
ICO review by ICOPicker: https://medium.com/eliteclub-io/careerchain-ico-review-our-deep-dive-analysis-6e7fb7b4648a
Funding from StartMonday
Proof of concept and whitepaper
Private token sale and partner talks
- Main net release - Main token sale
6 hackathons completed 12 new dapps
First 10 million users