SpringRole, the Blockchain-fueled platform for fintech background screening

August 24, 2019
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Professional networking and job platforms are on the rise in terms of value - millions of users access these sites yearly with numbers only going up, but there's still plenty of room for innovation. While privacy concerns are also on the rise, however, it makes one attribute even more valuable as well: trust. 

Employment and other background information users post on these networks is usually as accurate as they say it is. Without verification, less-than-honest users on networking platforms could claim to have worked at the Krusty Krab — a fictional restaurant made famous by the Nickelodeon cartoon Spongebob Squarepants.

That is the widespread problem that SpringRole set out to solve by creating a unique, trust-based professional networking platform. For starters, the entire network exists on the blockchain, which makes it more secure and easier to integrate. But most importantly, SpringRole verifies all information posted on its platform, meaning companies won’t have any Krusty Krab employees sending them private messages and applying for jobs.

“The idea is to verify each line item that goes onto the SpringRole platform and put that item onto the blockchain,” said Kartik Mandaville, CEO of SpringRole.

In many ways, SpringRole was born from necessity. In 2015, LinkedIn restricted developer access to its API. That move stalled many projects under development, including an early version of SpringRole.

“When that happened, LinkedIn made it really expensive to access the API,” Mandaville said. “So, much like other companies that were using the API, our projects on that platform were shut down.”

Soon after, Science Inc. stepped in.

Read more here.

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August 24, 2019

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