As things currently stand, the global recruitment market has a net potential of somewhere around $550 Billion. This is primarily due to the fact that millions of people look to change their jobs on a near daily basis. However, with all of that being said, it should be understood that the current recruitment process employed by many companies is ridden with a lot of loopholes and problems.

As per latest statistical data, hiring is extremely disjointed these days due to a serious lack of standardization and breakage between systems. This not only results in higher costs for employers, but also increases the time and effort needed to source the right person.

Lastly, according to a new study released in 2016 by FINMA, it has been shown that there are over 230 million job seekers who are currently looking to cross borders for work or studies.

What Is Fiduxa?

Simply put, we can think of Fiduxa is an all new “digital record keeper” which makes use of the blockchain to standardize and simplify the recruitment process. To be more specific, this system keeps a close tab on the career history of a potential recruit (thereby making it cheaper to hire a person).

Additionally, Fiduxa aims to restructure the job-seeking cycle by shortening the gap in trust and hence make the entire process much more efficient and cost effective.

Fiduxa Key Features

Some of the key aspects of this platform which make it stand out include:

Functionally Developed System:

Fiduxa comes loaded with a technology that is blockchain based, but is organic and can evolve as per the needs of the market.

Interoperatibility:

Another overlooked aspect of this system is its use of a connectivity module that links job seekers with recruiting organizations as well as with regulatory authorities.

No Border Restrictions:

Job applications can be processed quite easily when using this system irrespective of the country we might be living in.

Security:

Thought the use of a ‘multi level certification’ module, all attestations can be completed in a quick and secure manner.

Usability:

The platform offers users with APIs that have been especially designed for educational establishments/ institutions.

Compatibility:

Fiduxa is full integratable with a wide array of existing social media platforms.

Fiduxa Recruitment Process Transactions Blockchain Benefits

Job Applicants:

All seekers are provided with incentives when they submit their educational data for e-attestation.

Educational Establishments:

Educational setups can also earn tokens/ native coins in exchange for validating a students data.

Employers:

Though the use of real-time, trustful transaction capabilities of the blockchain, employers are able to save upon a lot of hidden costs and transaction fees.

Fiduxa FDU ICO Details

The Fiduxa ecosystem makes use of a native currency called the FDU Token that has been built on the Ethereum Blockchain. In all, there are a total of 100 million coins available and there is a hard cap of 25,000 ETH in place.

The sale will take place in 3 separate stages, the details for which are available on the website.

The allocation of tokens will be done as follows:

  • 80,000,000 tokens will be set aside for token investors
  • 10,000,000 will be used to operate the kickstarter pool.
  • 5,000,000 coins will be retained by the core admin team.
  • The remaining 5,000,000 will be used for dishing out incentives.

Similarly, the distribution of raised revenue will be done in a way such that the money is spend evenly across domains like Marketing, Development, Reserve Development etc.

For any further details regarding this platform, users can get in touch with company officials on [email protected]

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