bitJob is a decentralized peer to peer marketplace for students seeking short-term jobs online.
Find out everything you need to know about bitJob today in our review.
What Is BitJob?
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.
The platform’s alpha just launched online through bitJob.io. The Tel Aviv-based developer announced the new platform in a press release on June 26.
Overall, bitJob aims to revolutionize the way students make a living and gain occupational experience. The company describes its goal as to “give students the opportunity to receive immediate payment for their abilities from professional employers, and to sharpen their skills while enriching their dynamic resume.”
bitJob is launching its crowdsale for STU tokens in September 2017, although a presale is scheduled for August 2.
With that in mind, let’s take a closer look at how bitJob works.
How Does bitJob Work?
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.
The bitJob ecosystem revolves around a digital token called the bitJob Student Coin, or STU. These tokens will be used to access products and services on the platform.
bitJob offers all of the following features:
Solves A Problem In The Job-Seeking Community:
Students face two major problems – They don’t have much cash while studying, and they lack occupational experience once they graduate. bitJob promises to solve both of these problems by making it easier for students to find work in their respective fields.
Helps Students Achieve Their Goals:
bitJob enables students “to stop procrastinating and convert their free time to a fast and stable income, while enriching their portfolio and online resume”, explains the official bitJob website.
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 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 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 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’s affiliate plan is designed to reach as many students as possible. Referrers will be provided with rewards and future dividends.
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 is based in Tel Aviv.
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.
bitJob was launched in 2016. By February 2017, the company had published its whitepaper online. The presale is scheduled for August 2017, while the ICO crowdsale is scheduled for September 2017.
By October, bitJob hopes to have disbursement and exchange listings created, and by November, they hope to launch a private beta. The public beta release is scheduled for Q1 2018, with the full launch estimated for Q2 2018.
bitJob is a P2P marketplace built on the Ethereum blockchain. The marketplace connects students with employers. Students can build their profile, increase their reputation, and earn money for freelance gigs.
Thanks to bitJob, students can solve two major problems they face: they don’t have a lot of money during school, and they often struggle to build genuine work experience. bitJob solves both of these problems.
bitJob is preparing for its ICO in August, with public beta releases expected in early 2018. Stay tuned for more information about bitJob as the platform continues its development!