If you've ever gone through a background check from an employer, then you probably know how much of an annoying and difficult process it can be. Even worse, there have been horror stories about people losing their job offers because of something like a clerical error on background screenings ( http://www.businessinsider.com/this-woman-learned-the-hard-way-that-background-checks-may-contain-huge-errors-2011-12 ). Imagine yourself finally getting the job of your life, celebrating with family and friends, and then receiving a call from your company saying that the job offer has been rescinded because of a failed background check. You appeal the decision, saying that there was a mistake, but by the time the error has been fixed, the company has already found a replacement. Sounds horrible doesn’t it?
This is where TrustLogics comes in. On the TrustLogics platform, digitally authenticated professional data will be stored on the blockchain, and this data will be shareable based on user permissions. Essentially, corporations will use TLT (tokens on the TrustLogics platform) to access data, users will use TLT to get their professional milestones attested on the platform, and corporations will also use tokens to leverage the Peer network to fill open positions. So with the TrustLogics platform, things like background checks will be incredibly SIMPLE as all attested data will be stored on the blockchain. Plus, I think the platform will be used like a LinkedIn, where corporations can view users and recruit employees based on attested professional data. This platform sounds like a great idea for both employers, and employees like me.
A great idea alone is not enough; there must be a great team to put the idea into motion. From the looks of it, it seems like the TrustLogics team has an incredible amount of experience. Team members have formerly worked for major corporations such as Chase, Wells Fargo, Bank of America, Deloitte, Coca Cola, Panasonic, Dell, Turner Broadcasting, and Home Depot. The CEO, Srinivas Dubba, has over 15 years of executive level experience in the technology business field, and has built up and sold two medium sized staffing companies. The COO, Sujith Achuri, has experience working for multiple Fortune 500 companies, and has been involved in blockchain and the crypto space since 2014. The team also won the 2018 Tech Start of the Year at the American Business Awards. Looking at TrusLogic’s strong team, I have no doubt they will put their ideas and plans into action to create a great product.
As of now, the token is in its pre-sale phase, and the crowd sale is planned for August 2018. There will be a maximum supply of 427,224,610 tokens, with a soft cap of $2,000,000 and a hard cap of $18,000,000. If you are looking to invest, the team has already created a beta version of the platform. The app can be downloaded on the Apple App Store and on Google Play. Just create an account ( https://www.trustlogics.com/portal/login ) first before downloading the app. There are already over 100,000+ users of the app, which I think definitely bodes well for the project. TrustLogics is one of the most innovative projects of 2018, and I highly think it will be successful.
To find out more about the project, go to the website https://trustlogics.io/
And for the White Paper, go to https://trustlogics.io/whitepaper.pdf
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