A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, SpringRole, which is one of the few projects that has a working prototype that the public can try prior to the ICO.
Before I begin, check out this video presentation
As a social network, they let us communicate and collaborate with other people having similar interests. They also provide companies with the service of advertising and displaying job opportunities to the people looking for jobs.
"If you are on social media, and you are not learning, not laughing, not being inspired or not networking, then you are using it wrong." ― Germany Kent
While these networking sites provide great opportunities to people for networking and getting job opportunities, the undeniable truth is that the users and the data that they enter deserve full credit for the success of these websites. Unfortunately, the users never get the share of the monetary profits that they deserve. Instead, the intermediaries between the applicants and the employers (e.g., LinkedIn) are the ones that make the most profit. Not that they don't deserve it, but the users who spend hours building a profile and adding value to the network also deserve their fair share.
Another problem with the existing social networks for job profiles is the lack of attestation and authentication of user profiles. So companies are forced to manually contact references mentioned in the user's application and put in efforts to verify that the applicant has the skills that he/she claims to have by conducting interviews or keeping tests. This entire process is time consuming and expensive.
Keeping these things in mind, the SpringRole protocol was developed using blockchain technology, with the aim of providing a professional profile verification and attestation protocol that gives due credit to the users.
The Power of Blockchains
The SpringRole protocol aims to build a transparent, secure and trusted platform for verification and attestation of the profiles of professionals looking for job opportunities. By doing so, it ensures the validity of the profiles of the users. This means that companies do not have to be worried about being hoodwinked by fake profiles, and users can assert their skills and prove their worth. The protocol eliminates the need for companies to spend time and money trying to establish the validity of the profiles of users.
The platform allows attesters like universities, course providers, professors etc. to provide attestations for the skills, educational qualifications and work experience attestations directly for some price. Verification is done by allowing only users verified by email address and KYC to be a part of the platform. The use of blockchains enables efficiency, transparency and security of the platform.All the participants of the platform, including the users, get appropriate shares of the monetary profits and incentives for contributing to the development of the protocol and the platform. The entire protocol is structured in such a way that it is efficient, easy to use and authentic.
The SPRING token is used as the utility token to develop the token ecosystem. This token is used for all the economic transactions carried out on the platform, including purchasing services, providing incentives and so on. Due to the use of cryptocurrency, the token ecosystem is capable of being self-sufficient and providing economical support to the project and the platform.
The project provides a solution to a very valid problem and makes a very innovative use of blockchain technology in its solution. It understands the potential of blockchain technology and puts its unique features to good use in its solution. It helps users to achieve the credits that they deserve and makes the job of profiling job applicants way more easy for the companies. And it provides all of this accompanied with the desirable transparency, efficiency and authenticity. With its talented team of professionals working diligently, and a very supportive group of powerful investors, this project is sure to be a very successful venture.
The SWOT Analysis of SPRINGROLE
SpringRole’s Telegram community is comprised of nearly 50,000 members and this figure is growing rapidly. This allows the company to jump-start the launch of their platform by having such a large community on it already. Additionally, from a marketing perspective, SpringRole’s community is wide and global enough to allow the company to reach a great market depth through sheer word of mouth. This factor is extremely important as SpringRole does not have a high hard cap and that means limited marketing funds. SpringRole will be able to leverage its community to reach the necessary product awareness; conveniently, it has enviablesupport from a massive, loyal backing.
Despite the benefits, the fact remains that SpringRole is a (massive) upgrade to an existing platform and it takes time for the masses to adopt new, better services. For example, despite Google’s deep market penetration, it took the company years to overtake internet explorer; similarly, SpringRole would need time to reach its full potential.
The employment industry is plagued with information asymmetry and falsification of CVs; now, SpringRole is providing the first ever tool to companies with which they can accurately pin down on genuinely qualified candidates with properly verified profiles. SpringRole stands to bring the greatest shake up to the employment industry since the first job vacancy was placed online. The platform targets a key inefficiency in the market and offers an accessible, simple, and convenient solution.
SpringRole offers a dual monetary incentive: an opportunity for people with valid accomplishments to genuinely stand out during job searches and also an opportunity to earn SPRING tokens. Money is perhaps the greatest incentive that can be offered and people go through great loops to get a desirable job. Perhaps this dual monetary incentive could finally be the key to bringing everyone on board to crypto.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website - https://springrole.com/
Whitepaper - https://docsend.com/view/k5nghff
Telegram - https://t.me/springrole
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.