The South African youth has spoken, and declared that a lack of "necessary credentials" and work experience are their biggest hurdles when it comes to breaking into the job market. And in the third quarter of 2018 alone, while youth unemployment decreased from 53.70% to 52.80%, the number isn't something the nation is satisfied with.
That is the problem Cape Town-based social start-up Zlto hopes to solve with an approach based on mobile phones and the blockchain technology that underpins crypto currencies such as bitcoin, plus a little financial help from Google.
Zlto is an initiative by local NGO Reconstructed Living Labs (RLabs), and its mission is to get young people involved in their communities as a stepping stone towards employment.
Volunteer work can range from cleaning up the environment to paining a dilapidated public building.
Users clock in by taking a "before" photo of the particular activity and uploading it onto the Zlto app, and doing the same thing with an "after" photo once the job is done. The work experience gained is recorded in a blockchain ledger, making it transparent and easy to verify. Meanwhile, the voluntary work done is also rewarded in Zlto's digital currency, which can be spent at either Mr Price on clothes or over 1,000 Shoprite stores on groceries or even airtime – one of the major expenses for those actively seeking work.
Read more here.
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