HireMatch ICO Review

in #crypto7 years ago

hirematch.png

The HireMatch ICO is live with their website displaying sales of over 1500 ETH already.

What is HireMatch?

They're a new platform that's aiming to decentralize the job market. Using their decentralized application they want to eliminate the time consuming and expensive process of hiring using 3rd party recruitment agencies. With their new HIRE Token they're aiming to make the process much simpler for recruiters.

The current recruitment market

The first online job board, named the Online Career Centre was created in 1992 and later merged with Monster in 1995.
The original job boards were general websites that catered to all different professions. As the industry developed many websites carved out their own niche and targeted to certain sectors only. The new niche job boards allowed recruiters and job hunters to communicate easier.
In the mid 2000s Job aggregators changed the industry. Huge websites such as 'Indeed' allowed recruiters and users to search from one platform to find jobs on all different recruitment websites.
Around the same time Social Media was gaining popularity, LinkedIn entered the market, allowing recruiters to search for staff in a more laid back environment rather than having to officially advertise jobs.
Job boards continue to evolve with the latest trend being matching users together, rather than a recruiter or job hunter having to perform various searches the platform tries to match them together based on various factors that they've entered on to their profiles.
The average recruitment commission charged by the popular platforms is $37,500 per installment of highly paid staff (anyone earning over $100k). Now the major players dominate the industry, as soon as a company is looking to recruit they head straight to one of their preferred job boards to start the recruitment process.
These websites have some problems for recruiters:

  • They can be time consuming with their platforms full of spam.

  • They can be too complicated for some users to understand easily.

  • They're not fast enough for the growing tech loving millennials entering the job market.

  • They can struggle to find enough potential candidates.

  • The cost of acquiring the right candidate has become too high.

How will HireMatch solve these issues?

The new platform aims to solve these issues by using the fundamental principle of networking: The know, like and trust factor.
Agents will be given the option of using their friends on social networks to recommend new job offers to. They'll also be able to use smart applications built on the platforms API that will find a user and attract their attention using social networking channels.

Using HireMatch a agent will log on to the platform and select a bounty of a certain amount of HIRE tokens. Once the agent has posted his job a smart contract is generated on the Ethereum blockchain.
Agents will then be notified of the job posting and given the option of selecting friends on their social networks to apply for the job. Once the job post has been successfully filled the agents who helped find the employee are given their share of the HIRE token bounty.

HireMatch ICO Details

  • Token sale dates: 1st of October- 31st of October.

  • Token price: 1 ETH= 1800 HIRE

  • Payment method: ETH only.

  • Total supply: 100,000,000

Conclusion

HireMatch seems to be the first platform entering the jobs market that's using blockchain technology. The market looks ideal for smart contracts to flourish. Their concept seems good and with over 1500 ETH sold it looks like it should be a successful ICO.

Website: https://hirematch.io
ANN thread: https://bitcointalk.org/index.php?topic=2180727.0
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1153986

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Thank you buddy! Amazing new ICO. My opinion is that this ICO will have a succes.

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