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WorkChain has releases workID, dubbed as “LinkedIn on the blockchain”. With an overwhelming majority of applicants lying on their resume, employers have no easy way to vet candidates.
Lying on Resumes at All Time High
Fibbing on CV’s has been on the rise, despite some of the lowest unemployment rates in a decade. While LinkedIn is the de facto professional network, workID will finally offer a way for employers to be sure they know what they’re hiring.
Ivan Petrovic, CEO of WorkChain, announced workID stating how blockchain tech would revolutionize the future of the corporate world:
“In today’s working world, employers stand no chance when it comes to trying to vet candidates. A line in a resume can be easily made-up and LinkedIn is unreliable because more than a third of people lie on their LinkedIn profile. WorkID uses advanced blockchain technology to build the world’s first immutable CV that contains only trusted, verified data. It will revolutionize the future of work, giving employers an unprecedented ability to hire with certainty and employees will gain true ownership of their identities.”
WorkID Uses Only Verifiable Data
workID is a decentralized application (DApp) built upon WorkChain. The DApp acts as a public ledger, where anyone can view verified proof of work records. Only trusted data sources are integrated, like workforce management and payroll systems.
All the information is displayed in one accessible profile, unique for everyone. The profile gives employers a holistic view of a candidate, including work, academic, and payment histories.
WorkPAY Makes Real Time Payroll Accessible For Everyone
workID complements well with WorkChain’s other DApp, workPAY. WorkPAY uses verified work records from the WorkChain network to process real-time payroll.
“The way the world works is shifting rapidly toward on-demand and independent work,” Mr. Petrovic continued. “For example, in the US alone, there are 78 million hourly wage workers and 50 percent of people are expected to work independently by 2020.
Mr. Petrovic continued, saying that blockchain innovation in this space will make payments for jobs done almost instant.
“These on-demand workers can be hired in the blink of an eye and complete a job in real-time, but often wait weeks or even months to get paid due to slow, traditional payroll cycles.”
With an increasing gig economy, real time payroll will be a much welcome addition for freelancers and digital nomads. Popular freelance platforms not only take hefty fees but can also leave the freelancer waiting for payments to process well after the job is complete.
WorkChain hopes, through these two offerings, opportunities will be created for people in traditional jobs to begin working for cryptocurrency.
While workID is live, it is only accepting applicants on an invite-only basis. Interested companies can visit the website, or contact team members via the Telegram group. Test payroll utilizing workPAY will begin in the coming months.
To see workID in action, check out the demo. While you’re at Workchain’s website, read their whitepaper to learn. Follow them on Twitter, and check out the team over on LinkedIn. Chat with the community on Telegram, and read blogs post over on Medium.