JobChain ICO (JBC Token): Blockchain Recruitment Marketplace?

TalentSpa is the largest fixed price recruiter in the UK. The company was established in 2012 and has grown to be the biggest online recruiter in the UK. They currently serve over 3000 employers in the UK via their online platform.

Since it was created, TalentSpa has always worked to help employers cut down on recruiting costs. They have always helped companies to fill in different positions, including high up roles that are hard to fill. Besides that, they have assisted in the building of effective and functional career sites.

The Blockchain Project

Building on the expertise they have in executive searches and recruitment, they are going further and launching a new blockchain platform. This is going to decentralize the recruitment market globally.

The recruitment industry has been evolving rapidly with most of this driven by competition and innovation. The world has moved, in the recent years from one employer sever candidates model to job boards and websites. These online platforms are an indispensable part of the recruitment process.

In the modern world, almost all employees have an online presence. They utilize recruitment sites to announce job offers. On the other hand, job seekers utilize the sites to announce their jobs. It is almost impossible to go through the job seeking process without using a website in some way.

How JobChain Will Solve the Issue

The recruitment sector started out as job boards. Bill Warren created the first one in 1992. Most of the initial job boards were quite general. They would advertise all manner of jobs. As the online world evolved, niche sites began to crop up. These boards would let job seekers and employers specify an industry and qualifications. It made communication with qualified persons easier.

In the mid-2000, jobs boards turned to job aggregators made their mark, making it possible for employees and employers to meet at a single place and search all available job at once. Today, most job boards are moving towards full social media status. This will allow employers to be matched with the best possible employees.

How JobChain ICO (JBC Token) Works

A user will join the JobChain DApp and register as an agent, employer, verifier, application, referee, or advertiser. The platform will be powered by the JobChain token. Job boards and aggregators will be able to able to sell jobseeker ads to each other via the token.

New employers will be able to post positions free and set a budget of tokens. This will be done in stages. If an employee wants to view these stages, they will pay tokens. The employer will also receive tokens if they respond to requests on time and when the recruitment leads to employment.

Previous referees and employers will get a percentage of the fee for giving the potential employee reference. Potential employees will need to register and use the app. If the hire is a success, they will get a portion of the SmartFee. Another user can be able to refer candidates to a position in exchange for a portion of the fee.

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