Why we believe in the CVProof concept and why it will create value for our community of token holders
CVProof will allow companies to easily — and cost-effectively — verify whether an applicant holds the validated career credentials needed for the role they are applying to.
CVProof will not limit its scope to diploma frauds only, it will include verification of all professional credentials: diplomas, expertise certificates, assessments, references, work certificates, publications, scores, medical certificates, criminal records, training certificates, conference speaker certificates etc.
There will be a transition phase whereby the credentials validated by the platform would have already been issued, by starting a validation request process between the credential holder and the credential issuer.
The main game changer, however, will result from CVProof offering, all types of organization across all industries and geographies, the ability to issue and deliver professional credentials directly onto CVProof’s platform, meaning those credentials will be blockchain certified as they are issued.
THAT concerns the entire job market.
The credential authentication digital process is identical for all industries. What varies are the types of credentials to be validated.
In aviation, for example, pilots are due to provide training certificate, flight hours, medical certificate on a recurring basis. In universities, professors are due to provide evidence of research and publications.
CVProof will be:
(1) a validation facilitator, connecting credential holders with their respective issuers;
(2) will enable organizations to directly issue and deliver their professional credentials onto the platform making them immediately blockchain certified.
CVProof will address the challenges of cross border recruitment vetting, particularly in medical and aviation sectors, as past credentials will be either authenticated once or will be blockchain certified upon issuance. Organizations will be able to check that a credential issued in a different country is authentic.
CVProof is not only inventing a trustworthy career validation process, it is also proposing a new business model that incentivizes all actors taking part in the validation and/or in the sourcing process through a revenue sharing mechanism.
A genuine utility token ecosystem has been designed.
We have created the INK token to serve as the currency to settle all CVProof platform transactions.
The use of our token will remove third party transaction costs (banks, payment gateways) and enable seamless cross border transactions.
Most importantly with INK, the CVProof ecosystem will create an innovative revenue sharing paradigm by unlocking monetization in the job market. For example:
(1) Data owners and service providers will receive a fair share of the value created in this new economy powered by CVProof
(2) Innovative incentives to use the platform will be offered to all stakeholders (employers, head-hunters, validators, candidates)
(3) Users will be able to access and offer new services related to the needs of the job market and monetize those (i.e. credentials validation and issuance, CV editing, job postings, ads, sourcing, social media etc)
What will drive the value of INK
As the next job market currency, INK will have a tangible utility value, resulting from the benefits CVProof will bring into the market, in terms of cost reduction, efficiency, transparency and security.
INK will be a very liquid token due to the nature of CVProof ecosystem.
Most of the transactions occurring on its platform will be regular, day to day type of transactions covering a wide range of activities and needs, related to the job market. As a result, there will be a growing and recurring flow of transactions taking place on the platform boosting the token demand.
This will lead to a multi-way ecosystem of INK buyers, sellers and receivers creating different levels of contribution to the workflow according to the services they need or the ones they provide.
We expect INK’s price to follow the global crypto market in the short term, until the size of our ecosystem reaches critical mass, in the 2-year horizon. From this moment, the value of INK will be driven by the utility CVProof will bring to the market and underpinned by an increasing flow of transactions.
You will find more details on our how we leverage blockchain technology, our business model and growth strategy in our white paper .
We have also published a number of articles and posts illustration the various challenges and needs of the job market and how we will address those.
If, like us, you believe that it is time to bring a new standard to the job market and create new best practices, join our INK community.
We are closing our token presale — offering a 50% bonus — on January 31st and our ICO will start on March 1st.
