One of the main over-advertised but no less impactful benefits of blockchain technology is the ability to restore trust in public systems of administration. Close to a decade later, there is not yet product ready use-case implemented and effected in use but the progress that is being registered behind the scenes is foreboding exciting times ahead. Springrole is a blockchain project that seeks to implement reputation system for individuals. What does this even mean? In today’ s globalized world, there are a lot of fascinating progress that has been made in many fields such as technology, transport and energy to name but a few. Movement of goods and commodities, and people around the world has never been easier. What lags behind currently is the ability to truly decentralize the ability of individuals to work in a decentralized manner. So far some of the more advanced proposals at a distributed human capital network include Freelancing opportunities like Fiverr, Upwork and many more which come with their fair share of troubles. Being organized in a centralized hierarchical structure is one. The most outstanding limitation of the current setup is the inability to confer value appropriately. There are thousands of freelancers registered on such platforms but the metrics used to rate the reliability of the service that can be offered by each is anyone’s best guess. It is a very expensive route for any interested service buyer to have to use the trial-and-error method to arrive at the most suitable employee. To cut down on costs, reputable employers manage their risk by failing to give chances to new freelancers for fear of shoddy returns. Not to mention that some buyers are unable to ensure professional conduct in how they issue jobs, with behavior such as redundant revisions, delayed payments or just plain adamancy that any professional would never have to deal with. It is a queaky system that fails to deliver on important notes for both ends of the equation. The bottom line of all this is the lack of a reliable system or platform to enable verification of individual reputations. Currently the record keeping of individual statistics is disjointed and a bit shabby due to the distributed storage silos that have to be maintained by each individual enterprise. The problem with such centralized organization are the common criticisms especially manipulation and the hampered mobility of transferrig that information from one person to the next. The bureaucratic storage of such information is what makes it difficult to obtain that information on demand, and also what makes such information particularly prone to censorship.
Token metrics
Token: Spring
Amount: 10,000,000,000
Tokens for ICO Sale; 2,550,000,000
Hard cap: USD $12MM
Softcap: USD $1MM (*crossed)
Spring prize: 0.00002 ETH
Token distribution
Contributors and advisors: 10%( locked for 2 years)
Team and founders: 25% ( locked for 4 years)
Market development: 30% (locked for 4 years 20% on launch, 20% on one-year anniversary and rest every month for three years.)
Foundation: 9.5%(locked for 2 years in a smart contract)
Token sale: 25.5%
TOKEN UTILITY
Users of the Springrole Platform can be able to earn tokens by:
• Referring anyone
• Referring a company
• Getting rewarded for endorsing others.
• Being the validator (can be a person attesting a skill, university attesting a degree, company attesting an employment)
• You complete your profile and get attestations.
Users can use tokens for:
• Referring anyone
• Referring a company
LINKEDIN ON BLOCKCHAIN
The current leading network of professionals online right now is LinkedIn with a net worth of $26.2 billion(at least that is what Microsoft paid to purchase LinkedIn). With over 3 million active job listings currently, LinkedIn has over 500 million users, with more than half that number active on a daily basis and consisting of mixed demographics: students, undergraduates, graduates and working class people. For most job applications LinkedIn is the go-to platform for end to end recruitment process from job advertisement to networking to profile verification and linking up and communication. One would not be too far-fetched to suggest that SPringrole’s platform would be Linkedin on blockchain.
Alpha product
Currently, Springrole Product is under development, and working for the limited use cases implemented yet all blockchain based end to end. This makes it one of the pioneering ICOs fronting a product first before seeking investors’ money. You can be able to follow the development updates from the website. Partnership with Civic key, a blockchain based identity project, who will manage the identity profile management.
Important links:
Springrole website: https://springrole.com/
Springrole telegram: https://t.me/springrole
Announcement thread: https://bitcointalk.org/index.php?topic=3556999.0
Bounty thread: https://bitcointalk.org/index.php?topic=3602729.0
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1128840;sa=summary