Employment provides a major and most basic way for individuals to get their daily bread. Thus, getting employment, maintaining it, giving a good performance and finally being paid a salary for their work is the end result. This brings up the issue of finding employment opportunities for prospective employees to prospective employers at prospective companies and working institutions. On the other hand, hiring managers or rather employers require to review, vet and decide on the standards, qualifications and skills as well as qualities that they are looking for in employees. Thus, in an age whereby data and information of any sort constantly proves to be invaluable to any field of work, the ease of employers of attaining data on prospective employees who are in consideration for employment is important as well as the ease of verification of validity of the accompanying provided information. SpringRole thus aims to make easier the processes involved in the obtaining, verification and storage as well as reputation of data that may be needed in these processes by employers when carrying out vetting for employment. Coupled with this focus on verification is its aim to promote fairness in distribution of funds that accrue with the selling of data by these existing hosting companies to interested parties.
The existing systems of social media that host these functions of hosting personal profiles in relation to their skills do so at a free price. Likewise, they also do not provide verified information on the various skills that are on the platform thus do not instill a strong sense of trust and necessitate consequent verification procedures to the information they provide thus increasing time consumed in the whole process. Unbeknownst to the individual users and companies on these platforms, their data is sold to other parties at a price while they do not give any substantial returns to the data providers. More risks are presented in the form of the form of false endorsements by others users which is an unregulated process and further contributes to the growing uncertainty around the information provided by them. The current attestation systems that occur due to these uncertainties thus make subsequent follow ups expensive in terms of time and resources thus are in need of improvement of efficiency in order to solve these problems. Also, here they need to increase the ease with which the employers can gain access to employee data that is reliable and trusted in order to reduce time spent on such process of verification and confirmation of provided credentials
The SpringRole effect
SpringRole aims to create a system through which there is trusted information between the employer and prospective employees through validation and endorsements of individuals as well as providing of incentives through the uses of block chain technology to ensure transparency, immutability and security of data on the platform. The use of block chain in this system ensures new mechanisms of transparency as well as transaction can be carried out in the platform. It ensures that data is seen by all players in the process and can be easily verified due to it being a decentralized system thus no monopoly by one party in the control of data. This is different from the conventional existing systems whereby companies have almost complete control on monetary control of user data due to their centralized storage as well as right to sell them. SpringRole thus allows for development of trust between the involving parties thus speeding up verification processes involved between parties. With the use of these existing inefficient systems, there is the implicated use of middlemen in the quest for verification of data and this presents cases of increased inaccuracy of data which may be in the form of forging and this further makes the process ineffective. Thus, the need to reduce the involvement of such interfering parties in order to maintain integrity of data.
SpringRole thus makes introduces its various numerous mechanisms that aid in correcting the failing of the existing platforms that exist for such hosting functions for persons’ resumes. One such function is its role in the control of the process of endorsement of an individual by other individuals whether in terms of skill or even validation of provided data such as education, employment and personal data. Here the costs incurred at one end and paid at the other end play a role. Also involved in this is the reputation of the endorsing party in the particular field of interest being considered. The result of these verifications would bypass future requirement for subsequent processes that may be involved during future use of that data by employers in future reviews.
Of the information found on one’s profile in regards to their history, subsets such as educational history and employment experience can be verified by the respective involved institutions in a relatively simple process involving the feedback they produce to the platform. Thus, these institutions have the option of having accounts and feeding information to the system such as students who have graduated at a university and even data such as current employees of a company. This makes easier as well as effective the obtaining of information by interested as well as involved parties such as employers seeking additional verification. This is possible due to so much being possible at the click of a button.
Skill validation
In regards to the validation of the level of skill of a particular individual in a specific field of interest, a different approach is taken due to the difference in opinions of individuals. This is through the input of various individuals and companies to the sum opinion on the network. Endorsements to the skill of an individual may be from other users at the request of the involved individual in which case the endorsing individual would be set back by a certain number of SPRINGROLE tokens depending a number of factor involved such as the weight of the endorser in relation to the skill under endorsement, the individual of subject having the option of accepting or rejecting the endorsement and also the rate at which the endorser has their endorsements accepted. This creates a sense of accountability and control in the information provide in regard to the skill needed for employment.
Also, users may choose to endorse a specific user’s skill for which they would still be charged some tokens. In return, they also gain some token as a reward for their contribution to the final skill level that is displayed for the users in question. This thus provides incentive to the uses to invite involved other parties in the network to their resumes thus increasing number of people on the network due to the movement of tokens in either way. Also, it provides incentive to users to recommend a user for endorsement to other individuals on the network which increases players on the network which increases opportunities presented by increased interaction due to more exposure of a user.
SPRINGROLE is an important medium in improving credibility of the data provided due to interactions between involved parties thus its use of a meticulous user identification process. This is to ensure only verified user can access and due business in the system in order to maintain a sense of order and sanity in operations. This is done through regulation of actions that can executed by various parties on the platform in regard to the authorization they have acquired. The first level of signing up either through a verified email address or an employer’s address allows one to explore the features of the platform but with limited usability in respect to some features available on the network. The second level of verification which requires registration using some sort of civic identity such as driving license number which would allow one to use and be involved in all activities on the platform.
Token economics of SpringRole
Tokens that are initially provide provided by the company are initially distributed for sale and distribution to various parties. Similarly, some will be available for purchase by new users of the platform over a few years while being released to the public in small installments. However, the sale of the tokens may not be available in some countries. These tokens may be obtained in various ways such as referring new people to the network and tokens paid out when the new user joins the network, completes their profile and receives a couple of endorsements. A similar case with referring a company or even a learning institution who conversely complete registration and do validation or even feed information to the system and tokens are paid out. Also rewards from endorsements done as well as their weight in order to make appropriate the knowledge of the skill of an individual in a specific field. Intuitions acting as validators to information provided by prospective employers be it for employers or learning institutions also get a cut out of the tokens based on the weight of their reputation. The acquired tokens have various uses such as a fee in order to enable endorsement of a user’s skills as well as enable access to verified resumes for purposes of employment vetting and validation.
With respect to preventing cases of dishonesty in terms of fraud, measures such as paid only endorsement and limits on number of endorsements that one can make are put in place in order to deter spamming, false endorsements and those attempting to rig the system. Existing measures being supported by introduction of new regulations in order to close any possible gaps.
Partners
SPRINGROLE thus is a new way of usage and management of online resumes aimed at gaining employment that utilizes new technologies and methods in contrast to existing inefficient systems and focus on validation of information, its ease of access as well as its economization.
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