Veritoken is a blockchain protocol enabling verified user-owned data where brokers can pay individuals for their contact information and time. The tokens allow for privacy and control for users engaged on platforms that utilize Veritoken for their social graph backplane.
Users choose when their information is public and when it is hidden.
Although in recent years the number of jobs filled
have increased overall, it has disproportionately
come from higher-skilled professions. With the
average job posting now receiving 240 resume
applications, it has become more difficult than
ever for candidates to stand out and for
employers to find and verify the right hire.
Gov't & Identity
Citizenship has become a hot topic as of late,
primarily around undocumented immigration and
border protection. It's extremely difficult for
governments to verify people's identities, citizenship
status, passports, driver's licenses and visas in a timely
manner because the process requires a substantial
amount of time and effort, and bureaucracy.
The increased collective consumer desire to buy directly from other people has led to a burgeoning industry of counterfeits, as well as product mislabeling claiming foodstuffs of incorrect sourcing or origin, such as false claims of being "Organic!" The counterfeit goods industry is now a $461 billion industry that is growing by the day.
Business Development and Standards Development
Veritoken will introduce an ERC20 Token, which will be used as the form of payment between blockchain participants (e.g. candidates and recruiters). Our first phase of development will be working with our partners in the data provision side of the marketplace to better understand the economics around the service of providing data.
Semi-Federated Model, HR, Talent and Recruiting-focused
Develop a reference implementation for the HR, Talent and Recruiting industry. This proof-of-concept will require the development of blockchain-based underpinnings, as well as a traditional LAMP or MEAN stack style infrastructure for a website.
Maturation of the Technology
By Phase 3, we expect the blockchain ecosystem to have matured to the point where we can make the determination as to whether Veritoken will live on as an Ethereum-based blockchain or migrate to its own blockchain. Ultimately, it is the goal of Veritoken to operate on a single-tenant blockchain that is Proof-of-Stake and Turing Complete.