“How can I use SoCo SNP?”

SoCo SNP News
SoCo SNP
Published in
3 min readAug 29, 2018

How could SoCo SNP be implemented in the real world? Here’s an example from our white paper.

Image from The Business Journals.

MM Company urgently needed an accounting director, so it posted its recruitment info through a job search APP. Mike saw the post and decided to share it onto his Facebook. His friend Peggy was looking for a job and saw she was a good fit based on MM’s description; thus, she joined the job search APP and applied for the position. In the job search APP, MM Company saw Peggy’s true past experiences and felt that Peggy met their requirements. Immediately, MM company sent out an invitation to Peggy, and the two sides agreed to an initial online interview. (The job application charged MM 300 SoCo and sent 10 SoCo to Mike for his help introducing Peggy to the employer). After the interview, both parties felt this was a great chance for recruitment. MM then saw the remarks of Natalia, a former colleague listed on Peggy’s resume, and asked him about Peggy’s accomplishments through the APP. Natalia answered MM Company’s five questions (and MM Company paid Natalia 10 SoCo as reward), and the company was satisfied with Natalia’s review of Peggy’s work habits. In conclusion, MM Company found the right employee through the SNP-enabled job search APP, while both Mike and Natalia realized their social assets.

Without SoCo SNP, this job search would have been less rewarding — Mike wouldn’t have had the monetary incentive to forward the job listing, and Natalia wouldn’t have been compensated for his help. MM company could have taken a much longer time and had a less informative perspective of Peggy’s work ethic. And Peggy, of course, could have had a tougher time finding an available job without Mike’s Facebook share. But since SoCo SNP rewards those for using their social assets, the job search process became easier and more comprehensive.

This is just one of endless possibilities with SoCo SNP. Virtually any app with social features could implement SoCo SNP, overall benefitting users and facilitating the needs of our everyday lives.

What is Soco SNP? https://medium.com/soco-snp/what-are-soco-and-snp-fee9833d903d

What is a Social Asset? https://medium.com/soco-snp/what-are-social-assets-13c574839a4d

About SoCo: “SoCo and SNP is a blockchain-based project aimed at decentralizing the social networking ecosystem. SoCo, the official token currency, is what users will use to evaluate and monetize their social assets. Social assets are the valuable online data a user possesses, which include personal profile attributes (name, hobbies, status), social relationships (friends, followers), and social behaviors (likes, posts, sharing). Users and apps alike are able to use SoCo to conduct transactions, allowing apps to incentivize users to invite friends and engage in the app’s activities while rewarding users for their social assets. This promotes a healthier, more trusting relationship between apps and users. SNP is an open and extensible layer protocol that allows apps to have social capabilities, as well as provides users with a secure wallet of social assets, accessible by the user’s private key only. Ultimately, SoCo SNP plans on returning the ownership of social assets back to users and deconstructing today’ social networking structure in order to provide the world a more transparent, interconnected and innovative online experience.”

LEARN MORE ABOUT THE SOCO SNP PROJECT:

*Video Explanation: https://youtu.be/6rzqektoUZA

*Website: https://soco.social

*Whitepaper: https://github.com/soco-snp/whitepaper/raw/master/social_coin_white_paper.pdf

SOCIAL MEDIA:

- TWITTER: https://twitter.com/SoCoSNP

- FACEBOOK: https://www.facebook.com/SoCoSNP/

-Reddit: https://www.reddit.com/r/SoCoSNP/

--

--

SoCo SNP News
SoCo SNP

Using blockchain technology to build a decentralized social networking ecosystem so you can #TokenizeYourSocialAssets.