After raising $2.7M on its ICO in 2017, bitJob, the company that reshapes the way students make a living, teams up with the Dutch government blockchain program to deploy a pilot in the Netherlands
bitJob, the P2P marketplace that connects students and businesses, is announcing today its partnership with the Blockchain projects division inside the Dutch government, to deploy its pilot project in Holland. The marketplace, developed by bitJob, bridges the gap between businesses and students by enabling both sides to offer/look for employment with a technology that promotes honesty, immediacy, and robustness.
Founded by three childhood friends in Israel, bitJob enables students to utilize their free time to earn a fast and stable income, a benefit that they didn’t have a few years ago. In addition, the website will reshape the recruitment process that HR departments are going through by relying on validated evidence of their demonstrated abilities, rather on their Linkedin profile or traditional CV.
The idea behind bitJob emerged when the executives were university students. Like many students, they were struggling to find sufficient time during their studies to earn a significant income. After graduation, they were faced with a problem that hasn’t been appropriately addressed: students finish their academic degrees and begin their careers without any practical experience. As executives, they have encountered with the pain from the employer’s side: employers take great amount of risks when securing the services of a new employee; The absorption of the new employee in the company, training, assimilation, overhead costs, equipment, etc., are vast – as the employee can give a heads-up and just quit his job.
Employment in the “adult world” has a coherent problem of supply and demand; students lack professional opportunities from the businesses side and are discouraged from searching for high-level jobs that prepare them post-graduation. Current job platforms direct students to jobs that aren’t related to their experience or field of study.
By integrating blockchain into the marketplace, bitJob hosts a variety of features including:
- Decentralized Job Market – Members can engage in a direct hiring or bidding process through rules set by both the platform and the participants.
- Decentralized Payment System – The platform will issue payments through PayPal, using cryptocurrencies to measure the value of the service in order to minimize fees by eliminating banks and money exchange services.
- P2P Lending and Scholarships – The businesses and firms collaborating with bitJob, will offer the users with both financial services as student loans, that will allow both sides to build trust. The bonding between the firms and students will enable the blockchain based to minimize the gap for the next generation of talent-pool.
- Uniting 500 Million Students as a new consumer segment – Firms will be able to reach their millennial customers, on a global scale, with one click.
Users will register to the system and offer their services and availability to a personally customized job category based on the users past experience and professional abilities. The student will be actively building his reputation and enriching his dynamic portfolio which is connected to his/her own “name” site.
“The employment market is moving towards online jobs without the need for physical access to offices or factories. We love to call this era the Industrial Revolution 2.0”, says Dror Medalion, Co-Founder, and CEO of bitJob. “Working with the Dutch government organization that is in charge of the Blockchain project will help us deploy our pilot project in Holland, enabling students to find employment and transact with small/big businesses across the nation.”
bitJob is the decentralized P2P marketplace for online short-term jobs for students, freelancers, and employers that will deploy blockchain in the global student community. The technology has the potential to disrupt and overcome all boundaries, but we all understand that smart education of consumers is necessary in order for this to happen. Promoting the education needed to implement decentralization and freedom of choice begins today, through the next generation of the labor market.