Are you familiar with marketplaces for professionals such as LinkedIn? If so, then, you have to be familiar with the need of endorsements and skills verification on your profile before you get a fair chance to land a decent job. And we all know that these endorsements are hard to come by. Not to mention that you still have to compete with thousands of other profiles after you get verified for your abilities and capabilities.
The SpringRole protocol is most likely what professionals need now. They have created a block-chain based platform that works similar to professional marketplaces but with a better infrastructure.
Let’s take a closer look on how this protocol works and see if it’s worth to be part of your portfolio.
The SpringRole protocol has been created to build a credible platform to attest professional data (university, skills, work history, etc.), increase users’ participation in providing valuable and valid professional data, a more secured system for the valuable professional data acquired and to increase the value of the business and its platform. And according to the company, this will all be possible through revolutionizing the professional marketplace protocol with the use of the blockchain technology.
The main feature of the SpringRole project is to provide a highly credible attestation to professional profiles. The platform will serve as the main system to view, share and acquire testaments of verification.
All these verified data will be recorded in the blockchain – which will make all data tamper-proof, transparent and readily available for sharing. Hopefully, through utilization of the blockchain, this platform will finally end the issue on inaccuracy of data revolving around the professional marketplace.
In addition, unlike in any other professional marketplaces, SpringRole’s features an incentive program to users as they curate their data or simply adding valuable data on their profile. With this reward program, the company believes that it will definitely increase professional participation and would give high value to the business and the platform.
How does it work?
Attestations within the SpringRole’s platform will have two facets; crowdsourcing a specific skill through endorsements and verification and validation of professional details through organizational attestations.
Attestors within the system will include users within the platform, current and previous employers, universities attended, course providers and third-party exam providers.
To strengthen the attestation process and acquire the most accurate data, each skill verification will come with a cost in a form of SPRING tokens. The company believes that by not making endorsements for free, it will only invite true and valid scores. And this will at the same time create liquidity within the platform.
On the other hand, professionals curating and adding data on their profiles will get compensated in return with SPRING tokens.
SPRING tokens will be the utility token that will fuel the entire SpringRole ecosystem. It’s an Ethereum-based ERC-20 token that will also be used for rewarding users within the platform.
As part of the company’s rewards program, expected beta version users will receive 100 SPRING tokens for simply registering at SpringRole’s website and completing their KYC process.
The Public Presale is still ongoing and based on their website, they have already crossed their USD $1M soft cap. On the other hand, the hard cap is set at USD $12M and the team has high hopes of reaching this before the ICO ends.
The total token supply is at 10 billion tokens, wherein, 2.55 billion tokens were made available for the ICO sale.
Each SPRING token is priced at 0.00002 ETH and the only accepted currency is ETH.
The SpringRole platform will obviously serve its purpose to lighten the burden of hiring companies and professionals seeking credible attestors. However, to achieve all these, the platform should work effectively as planned.
First, its success will primarily depend on the number of prospective users that will put their trust on the platform and join the community. But if we think of it, there are a lot of hiring companies and professionals in need of this type of technology in a platform, and the current number of probable users will definitely continue to grow over the years – there will just be more and more job applicants seeking to be competitive and more hiring companies who would want to make their jobs easier.
Another contributor that will help this platform grow its community is its rewards program for professionals by simply managing their profiles.
And most important of all is the strong stand of this team to provide the most accurate attestations of each profile in the platform. Of which, it will give professional data seekers the confidence that all verification are true and valid.
However, there are other blockchain-based platforms with the similar infrastructure – this is where the real competition will start. And it will solely depend on SpringRole’s skills in marketing and in their ingenious platform development ideas that will make users support this platform over the others.
To sum it up, the platform is looking very simple yet very beneficial for all its future users. And if the team will be consistent in maintaining the system secured, transparent and up-to-date with its development to meet all the users demands, then, it is with no doubt that it will be a success.
So, will this be the platform that will push LinkedIn to the wall? We will soon find out.
Website: https://springrole.com/
Telegram: https://t.me/springrole
ANN/Bounty: https://bitcointalk.org/index.php?topic=3556999.new#new || https://bitcointalk.org/index.php?topic=3602729
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