The lastest innovation from Jobeum could potentially disrupt the global job requisition & posting market. The blockchain maven has recently reached out to HR ‘upstart’ Chronobank to intersect their vision of taking the technology mainstream.
Jobeum is looking to create a professional network that’s reminiscent of LinkedIn, but with enhanced transparency, speed, and cutting-edge innovation. The move comes on the heels of recent research that suggests 91% of the modern workforce is constantly searching for new and better opportunities. Recruiters tapping into this supply pool could significantly boost hiring success, and candidate-position fitment.
In fact, modern HR teams are going beyond the traditional ‘single point-of-contact’, harnessing several channels to identify the best talent. In the world of Jobeum, visibility, access, and reach are directly linked to the amount of information shared by recruiters and interested candidates. Hiring teams can view the most active, qualified, and best-fit candidates based on their accrued blockchain-based ‘rewards.’
All information provided by candidates is incentivized, in the form of Jobeum tokens (JBT). Whenever a user adds data, shares his profile with a recruiter, or refers another member for a position, he is rewarded with JBT. “The tokens are created to enforce agreements between publishers, candidates, and recruiters” explained Jobeum in a press release.
To enable privacy and enhance employer-employee trust, recruiters must request access to view candidate. Further, all referrals and offer acceptances are incentivized – the referrer is gains JBT when the referred candidate wins the position. Once the recruiter selects and successfully hires a member, he is given a ‘bonus’ in the form of JBT. A combination of cutting-edge tech, smart contracts, and automation, makes the process transparent and accurate.
“And now with the partnership between Jobeum and Chronobank, the recruitment space will indeed be revolutionized” – the company asserted – “This is a perfect match since Jobeum seeks to create a professional network like LinkedIn but blockchain-based, while ChronoBank seeks to create a blockchain-based marketplace for the recruitment space.”
Jobeum is built on Etherum, a blockchain-based platform that supports distributed computing. Where Jobeum stands out, is its complete independence from Ethereum token or Bitcoin prices, instead setting recruiter and candidate activity as a benchmark of value.
The platform takes on the current predominance of large enterprises and recognized recruitment agencies. Importantly, JBT tokens will be issued between 21st of this month and 6 February 2018.
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