The dawn of blockchain recruitment & how the industry is embracing the fourth industrial revolution.
Built on the blockchain, these initiatives are all embarking towards uncharted tech territory.
“Blockchain technology is the water from which all future businesses will feed and grow.” At Hiway, we have been quick to recognize this since day one. A tool that, in our case, could help ameliorate the traditional mindset and operations of existing recruitment business’. It’s been a little over ten years since the conception of blockchain and yet still, the utilization of such a potentially influential piece of code has arguably been undertaken with relatively minimal creativity. In other words, it’s finally about time that we began divulging into the revelations that blockchain has to offer, which is recognizably much more than just money or store of value. So with the present moment begging for blockchain to be incorporated across multiple industries, Hiway is taking the right measures to be on the frontline, in our case, of recruitment. But outside of Hiway, who else is using blockchain technology to revamp the online recruitment space?
Hailing out of Seattle, Storm is a technology startup embracing blockchain technology to make earning easier. In fact, Storm is positioning itself as a decentralized microtask marketplace in which users can get paid in cryptocurrencies to perform minor and quick tasks. By gamifying the process, their interface enables users to claim crypto through the completion of tasks on their apps. Participate in short surveys, try out new products and watch videos are just a few of the types of assignments that will, in return, bring you digital earnings. Towards the end of 2017, Storm introduced the Storm Token that facilitates transactions through the platform as well as being one of the offerings of currencies for payment. Similarly to what we are doing at Hiway, Storm is offering opportunities for people to earn with ease, efficiency, and security with a platform built on the blockchain.
It is incredibly evident by now that one of the limitations held within the recruitment industry is its lack of advancements in how it operates. So conspicuous in fact that there are a number of startups including Hiway working towards improving this landscape. Another One of these is HireMatch. Connecting job seekers and job finders using Blockchain and the cryptocurrency “HIRE”’, this startup is using a decentralized approach to improve the current job marketplace worldwide. Like Hiway, HireMatch reduces costs across the board, increases employer quality and connects a community of skilled professionals. All great things of course. However, where the differences exist lie in the fact that Hirematch is more focused on finding employees rather than supplying the infrastructure for gigs & jobs on the platform itself. It is warming to identify other enterprises steering the spectrum towards a more fruitful and constructive future for recruitment because as the saying goes; there is always strength in numbers.
In recent years much has been written about the emergence of the “gig economy”. The evolution of this economy is based on short-term and temporary jobs handled by contractors and other independent workers, a breed that is continuously growing. Blocklancer is a company focussed on the gig economy creating a space that connects freelancers with employers (evident quite clearly from the companies name). The principal benefits of their platform include low fees (in comparison to current freelance markets), fair and automated dispute resolution, and guaranteed payments that are handled in the same way as Hiway, through smart contracts. What Hiway is offering that Blocklancer currently does not is by providing a wide range of payment methods compared to Blocklancer’s sole focus on Etherium.
Just like a Hollywood movie set in production, the stage is being set for driven tech startups that are built on the blockchain to expand and thrive. If blockchain technology truly is the watering hole from which all future businesses will gather around to grow from, then the initiatives strategically using it are perching themselves on the rock of potential. We are more than excited to be a part of this blockchain driven community and we wholeheartedly believe the upcoming V1 of the Hiway platform will offer something new, relevant and revolutionary.
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