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Jobeum Ico Review: A Blockchain Based Professional Network

About Jobeum Ico

Jobeum is an Ethereum-based network for business professionals. The blockchain is used to keep records of employment, education, completed projects etc. The records within a profile will be cross-validated by the community and later the company is going to partner with universities and companies so that certificates (diplomas) and validated employment records for people will be stored in the blockchain. Users will be able to specify which portions of their profiles should be public and what should be kept private. Another goal of Jobeum is to make interactions among candidates and recruiters beneficial for both parties by incentivizing micro-actions in the recruitment process via micro-payments in JobTokens. JobToken (JBT) is a utility token that fuels Jobeum transactions: responding to a recruiter’s request, opening private parts of their profile to a requestor (a recruiter), passing a test to confirm a skill, referring a good candidate etc.

Jobeum is leveraging blockchain technology to build real-world solutions that demand the use of a token. Jobeum has no direct dependency on the price of Bitcoin or Ethereum tokens. The value of Jobeum tokens is solely dependent on the number of transactions within Jobeum and how much demand the company is creating to use our platform: the functional applications and use cases for users and businesses

Website Jobeu NO Linkedin
Whitepaper Jobeu Telegram Jobeu
Facebook Jobeu NO Slack
Twitter Jobeu No Github 

Background

There are various professional social networks that allow candidates to discuss business or professional topics, find a job, or help recruiters find candidates. These include LinkedIn, Xing, Viadeo, and other business networks that exist nowadays. All these professional networks are controlled by big corporations and they currently charge a lot for someone to find candidates/sales prospects or to be able to send a message. Candidates do not make any money on this and instead might get lots of unwanted calls and spam messages from recruiters not relevant to their interest.

Also Check – CodeMail Ico Review: A Global Decentralized Communication

Problem

People want to own their personal information and being able to share it in a secure way. Recruiters cannot find candidates with the proper skills at specific locations. Candidates do not have incentives to be visible in the job market. Jobeum seeks to solve the problem. It gives incentives to job candidates for them to be visible to recruiters.

Candidate problems:

  • You practically do not control your information.
  • Your information is used by the corporation but you do not earn money in return.
  • It might be hard to find a vacancy.
  • The hiring process is often not transparent.
  • Recruiters do not set the right expectations.
  • They do not provide feedback.
  • They simply do not respond.
  • Candidate selection process is biased.

Recruiters’ problems

  • Not enough good candidates.
  • Hard to assess a candidate before an interview:
  • Many candidates do not specify their skills.
  • It is often questionable if a candidate really has the skills he/she claimed.
  • Hard to communicate with candidates.
  • Not clear whether a candidate is active on the job market.
  • Hard to find candidates with specific parameters.
  • LinkedIn is often the only source of information.

Solution

Jobeum is a blockchain-based professional network, a transparent system where users control who sees a specific part of the information in their profile. Their profiles become their digital twins and earn them JobTokens when other people ask for certain information or an action (e.g. open a part of their profile, show contact information, confirm theirs). Various steps in the recruitment process will be automated via smart contracts and the hiring process will be much more transparent. Also, users will be able to earn JobTokens when they refer another candidate and the candidate gets the job. Jobeum tokens (JobTokens, JBT) will be used to perform transactions in the network. The tokens are created to develop a range of contracts among potential candidates, referrers, recruiters, sales managers, and advertisers.

Users in Jobeum

The platform tracks millions of transactions in real-time and records them on the Ethereum blockchain network. It allows candidates to have a rock-solid profile with confirmed skills which can be reliably used to find new jobs. Recruiters will benefit from being able to quickly find qualified candidates and share the created value with the candidates themselves. Moreover, using blockchain in our platform allows having multi-tier referral scheme thus efficiently utilizing the network of connections to quickly find decent candidates. All the agreements will be enforced through Ethereum smart contracts thus allowing radical automation of recruiters works in the future.

Token

JBT tokens are functional utility tokens designed and implemented specifically for the Jobeum blockchain-based platform. JBT tokens are not securities. Once you purchase JBT tokens, they cannot be refunded. The company does not recommend buying JBT tokens for speculative investment purposes. You should buy JBT tokens to participate in the Jobeum professional network. JBT tokens are not equated with participation in Jobeum Pte. Ltd. and JBT token holders have no equity, governance, or any other rights in the company. JBT tokens are sold as a digital asset, similar to downloadable software, digital music, airline miles, gift cards and alike. The company does not recommend purchasing JBT tokens unless you have prior experience with cryptographic tokens and blockchain-based software.

Token Issue

JBT tokens will be issued on Ethereum blockchain using the ERC20 token standard. There is a possibility that all tokens will be sold through these stages before the start of the crowdsale. 100% of the tokens will be issued within the token sale period.
Purchase methods accepted: ETH.
Price of 1 JBT = 0.001 ETH.
Maximum hard cap = 600,000 ETH.

Funding allocation

  • 30% – budget for continuation of scientific work, infrastructure development, the creation of new products, development of recruitment Intelligence platform.
  • 30% marketing: promotion of the Jobeum platform in order to achieve significant user base growth.
  • 20% long-term budget
  • 15% acquisitions and partnerships for the synergetic development of the Jobeum professional network ecosystem.
  • 5% legal support, improvement of company’s legal structure etc.

Team

Advisors

Also Read – Click Here To Read All ICO Review

This article is writing on 23 April, 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282

Disclaimer:

Not all the website. which listed on top list are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you are not prepared to lose. Make sure to research the website. So please take care of your investments and be on the safe websites and avoid much losing online. High expensive slow implementation, low revenue, and no growth.key problems of e-commerce for retailers and manufacturers.

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