Despite the wealth of information accessible at the tip of our fingers, Information asymmetry remains widespread in today's world. Information asymmetry refers to any interaction in which one party has a greater degree of knowledge, which directly impacts the interaction, than the other party. Information asymmetry is hazardous to almost every industry and, for the most part, it's taken as something that can be countered. However, blockchain technology is designed to bring transparency and many projects are leveraging this feature to take a stand against information asymmetry in many industries. A new blockchain project offers the newest weapon against information asymmetry.
SpringRole is a platform that serves something like a LinkedIn on blockchain. The employment process is plagued with misinformation; more than half of the population has placed inaccurate information on its Resume or CV.
The direct result of this is that companies rely on internal recommendations as those are credible sources of seeking new candidates. This had lead to the proverbial saying, "It's about who you know, not what you know." But clearly, this system is broken. A person's knowledge and capabilities should matter more than his or her social or professional circle. And now SpringRole is about to make this a reality.
The Benefits
SpringRole is going to make sure employers can trust the information provided to them by candidates. It achieves this by providing a platform where every claim an individual makes need to be verified. So, all claims of degrees and certificates could be directly verified by the issuing institutions; all claims of past work experiences would need to be verified by the involved companies. SpringRole incentivizes those companies to participate in verification as it allows them to earn SPRING tokens. Additionally, it's in the best interest of an academic institute to ensure all those graduate from it have some means to easily prove that they graduated from that institute; this way unqualified individuals who never attended the institute but are making false claims are stopped from damaging the institute's reputation. SpringRole also holds several other important benefits.
Companies face heavy losses every time they end up hiring an unqualified person. SpringRole allows individuals to be endorsed by others, and these endorsements allow companies to strain out the qualified.
Heavy amounts of resources are expensed to verify information about candidates. With SpringRole, it becomes extremely easy for employers and educational institutes to verify a person's information and this verification is securely stored on the blockchain.
Companies are presently forced to limit their search to internal references for nearly a third of all hires. SpringRole would provide the credibility necessary to screen candidates from an open pool, thereby bringing opportunities who rightfully deserve them and allowing companies to hire those who have been verified as the most qualified.
Wrap-Up: SpringRole is a project that is putting the transparent nature of the blockchain to a very natural and beneficial utility as it attempts to end information asymmetry in the employment process.
SpringRole Essential ICO Links
🌐 Website: https://springrole.com/
💡 Whitepaper: https://www.dropbox.com/sh/ws5qx6h9whhesib/AAC3zGiElBO1p2zLGxf_3SL3a?dl=0
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3556999
💻 Telegram: https://t.me/springrole
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