BitJob is an online marketplace that makes it easier for students to find a job. The marketplace is powered by the Ethereum blockchain. Using the decentralized marketplace, employers can find students willing to do online short-term jobs, while students can find short-term jobs they can perform over the internet.
In an ever more competitive job market, University leavers need relevant work experience just to get a foot in the door. Not to mention the fact that some extra cash to fund that fancy student lifestyle wouldn’t go amiss.
At the same time, many employers find it hard to source reliable, skilled and cost effective talent. This is especially true for short term contracts and piecework.
BitJob aims to sit squarely between the two camps and play matchmaker. Students will build a Dynamic Portfolio Resume (DPR) of the work undertaken. This can also be used to apply for graduate positions outside of the service. Employers can view this DPR along with a students reputation profile, to help choose the right candidate.
Overall, BitJob is an ambitious and social project. Aimed at revolutionizing the way students make a living and gain occupational experience while still studying. bitJob will give students the opportunity to receive immediate payment for their abilities from professional employers and to sharpen their skills while enriching their dynamic résumé, anytime & anywhere!
How It Works?
bitJob has already released an alpha version of its platform. That alpha is powered by the Ethereum blockchain and uses Ethereum smart contracts. Using Ethereum, bitJob has been able to create a decentralized marketplace with strong authentication, identify, verifiability, voting, reputation, and micro-transactions.
Students can use the service for free and are paid in bitJob tokens (STU) on completion of work. The tokens are being developed on the Ethereum blockchain. These tokens will be used to access products and services on the platform, and there will also be an option for employers to make payments in Fiat via PayPal.
To encourage participation and promotion within universities, the students’ unions will receive a commission on each transaction through an affiliate program. This will come from fees paid by employers who use the service.
Business Model
BitJob platform will generate revenue through fees applied to both service providers and service consumers. Service providers will have the opportunity to receive immediate payment for their abilities from professional employers. Aimed at revolutionizing the way students make a living and gain occupational experience, bitJob will offer students the opportunity to earn income and sharpen their skills while enriching their resumé, all within bitJob's blockchain-based ecosystem of networking, compensation, rewards, and incentives.
BitJob Features
bitJob offers all of the following features:
1. Blockchain Technology
bitJob uses the Ethereum blockchain to provide benefits like “micro-gigs” while enabling freelancers to bid on jobs. bitJob claims to be the first hybrid blockchain project that allows employers and students to collaborate in a P2P marketplace.
bitJob uses the Ethereum blockchain to provide benefits like “micro-gigs” while enabling freelancers to bid on jobs. bitJob claims to be the first hybrid blockchain project that allows employers and students to collaborate in a P2P marketplace.
2. Hybrid
bitJob describes its platform as “semi-decentralized”. That’s because the platform uses centralized payment methods (fiat money) along with a decentralized digital cryptocurrency based on Ethereum smart contracts.
bitJob describes its platform as “semi-decentralized”. That’s because the platform uses centralized payment methods (fiat money) along with a decentralized digital cryptocurrency based on Ethereum smart contracts.
3. Reputation System
bitJob participants will have a reputation system. Students can earn money based on their reputation on the platform. Reputation is tied to skill level, and the better the individual’s reputation, the higher the price they’ll be able to command for an hour’s work.
bitJob participants will have a reputation system. Students can earn money based on their reputation on the platform. Reputation is tied to skill level, and the better the individual’s reputation, the higher the price they’ll be able to command for an hour’s work.
4. Incentives
bitJob has signed several build agreements with employers and student unions. With these partnerships, and bitJob’s incentive models, students are encouraged to increase their reputation and maintain that reputation at the highest level.
bitJob has signed several build agreements with employers and student unions. With these partnerships, and bitJob’s incentive models, students are encouraged to increase their reputation and maintain that reputation at the highest level.
5. Affiliate Plan
bitJob’s affiliate plan is designed to reach as many students as possible. Referrers will be provided with rewards and future dividends.
bitJob’s affiliate plan is designed to reach as many students as possible. Referrers will be provided with rewards and future dividends.
6. Online Resume
bitJob has an online resume system called “Dynamic Portfolio Resume”, or DPR. This resume is placed on a personal domain, and can be accessed by future employers off the bitJob platform once the student is ready to enter the labor market.
bitJob has an online resume system called “Dynamic Portfolio Resume”, or DPR. This resume is placed on a personal domain, and can be accessed by future employers off the bitJob platform once the student is ready to enter the labor market.
bitJob Team
The company is led by CEO and Co-Founder Dror Medalion, a blockchain entrepreneur and industrial engineer; CTO and Co-Founder Bogdan Fiedur, a DApp, full-stack, smart contracts developer and blockchain enthusiast from Canada; CFO and Co-Founder Aviad Gindi, a mutual funds manager for a company in Israel; and CMO and CO-Founder Elad Kofman, a crypto-investor and marketing specialist.
Conclusion
Tapping into the the job seekers market will be difficult, with many popular websites already providing such services, user adoption is sure to be at snails pace. Utilizing blockchain technology is nothing more than a marketing scheme to gain traction and crowdfunding investment, though bitJob remains transparent in this fact which is noted in their whitepaper.
Implementing a "credit scoring" mechanism through smart contracts to valuate an individual could prove to be a reliable metric if properly developed. Assuming that the hiring and payment process will be seamless and automated is being facetious, dispute resolution can be a tough battle that will increase business operating costs.
The team appears to be poised for success, if a usable product can gain traction in their intended student demographic then the only thing standing in the way is the obscene amount of competition from websites such as Indeed, Monster, LinkedIn, and Glassdoor.
Website: https://bitjob.io
Whitepaper: https://bitjob.io/#whitepaper
BitcoinTalk: https://bitcointalk.org/index.php?topic=1980078.0
Telegram: https://t.me/bitjob
Twitter: https://twitter.com/BitJob_Team
Facebook: https://www.facebook.com/bitJobmarket/
Author: Tpq01349
ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84
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