Millions of job vacancies need to be filled every year, so, the process of recruitment (and termination) has become an industry of its own. When a vacancy surfaces, employers place ads, reach out on the company's media profiles, and contact talent search agencies. The people who are hired then have their performance measured throughout the year by software the employers have purchased. Finally, at the end of the year, many employers hire consultants to provide a proper lay-off of employees who fell in the red on performance scoring. Employment is a critical operational need for every small, medium, and large company on Earth; it has understandably garnered the involvement of a wide array of services that provide some value throughout an employment lifecycle.

With the advent of the internet, the delivery of a single product targeted at massive usage has become easier and so the employment industry has birthed titans of its own. But due to the sheer size of this industry and its obvious existence in every country, a large number of start-ups have successfully flourished here, even on a regional level.

A new blockchain project, SpringRole, intends to provide the next leap to the employment process as it is about to remove the information asymmetry between the employers and the candidates. This piece looks at SpringRole’s potential worth.

A Look at Peers

The uncontested champion of all employment-related services in LinkedIn; Microsoft acquired LinkedIn in record acquisition valued at $26.2 billion. However, while LinkedIn may have scored the biggest price tag with respect to services in the employment industry, many other billion-dollar products targeting this industry, that began their journey as ambitious start-ups, are spread across the globe.

• Monster.com, a job search site, brings in nearly a billion dollars in revenue
• Maimai, a Chinese recruitment site, recently raised enough funds to establish a valuation north of $500 million
• Glassdoor, a job-search site which largely drives its popularity by providing transparency over salaries, interview questions, and company culture, is valued at $1 billion
• Indeed.com is a genuinely boot-strapped billion-dollar company

The list above shows that the employment industry is massive and innovative concepts are able to rise quite easily. China’s Maimai was founded only 5 years ago and despite being in LinkedIn’s shadow, it has managed to become a titan. Similarly, individual employment services company across the world, like Bayt.com in the Middle East or Naukri.com in India, have not just held their own, but have managed to become massive companies.

A Look at SpringRole

SpringRole is uniquely positioned: while all the companies listed above offer, more or less, similar services, this platform will be the first ever to offer a technological advantage others do not yet possess. Most employment-related websites are still serving as a bridge for information; SpringRole is part of the blockchain era, it not only serves as a bridge for information, but it also attaches a value for it. This value addition comes from the monetary incentives involved in endorsing individuals and the finder’s fee earned by individuals who endorse you; it comes from the SPRING earned by institutions that make the effort to verify an individual’s data.

Glassdoor provided a hint of transparency to the employment market and that became its major competitive edge; SpringRole is making the entire industry transparent by removing information asymmetry, period. SpringRole stands on the shoulders of giants as it has adopted the best of its predecessors and combined it with the technological advances of tomorrow. This platform could be the most important update to the employment industry since the first online job ad was placed. So, undoubtedly, if the current prototype is available to develop into the intended platform, SpringRole has the potential to not just match the valuations of current players in the employment industry, but to surpass them.

SpringRole Essential ICO Links

🌐 Website: https://springrole.com/
💡 Whitepaper: https://www.dropbox.com/sh/ws5qx6h9whhesib/AAC3zGiElBO1p2zLGxf_3SL3a?dl=0
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3556999
💻 Telegram: https://t.me/springrole

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