Leading for Success makes for a Successful Leader

CEO World Awards announced the Gold Winner, Srinivas Guptha Dubba, Founder and CEO @ TrustLogics Inc. (Atlanta, GA USA), for Founder, Entrepreneur or Partner of the Year, 2018 (11 - 99 Employees).  

John Maxwell has said, "…if you think your leading and no one is following, you are just taking a walk." Facing the challenge of his most ambitious undertaking in over 10 stellar years of entrepreneurial management, Srinivas Guptha Dubba, the CEO of TrustLogics™, knew that the realization of his TrustLogics™ initiative would require a wider range of expertise than even his own considerable talents. Being a visionary and having the ability to convincingly cast his vision, he began the task of pulling together targeted individuals whom he believed would be attracted by the scope and size of the TrustLogics project.

Shirley E Borghi, herself an accomplish leader as recognized by her inclusion in Leadership Atlanta Class of 2019, said this about joining the TrustLogics senior management team: "It is a measure of the stature and respect that Srinivas earned over a career of generous and intentional relationship building, that professionals with established reputations agreed to join the TrustLogics™ management team." Indeed, with Srinivas as the visionary leader, what was perhaps the most diverse management team of men and women, with skills and expertise ranging from finance to blockchain technology, came together and undertook the challenge to actualize the vision of a global standard for the hiring process.

As the Founder and CEO of TrustLogics™, Srinivas drew on his  passion and motivation for a better hiring process, and articulated a vision for a global standard that would drastically improve the many inefficiencies of the complicated hiring process. What started as a way to use a database to simplify and improve the prescreening of job seekers, led to the possibility of using presently available technology to resolve problems in other areas of the hiring process. Srinivas was able in short time to develop a dynamic and effective working relationship with the talented cadre of individuals that he now had on his management team. The team synthesized their wide range of expertise and relevant global experience to undertake completion of the business plan, and delineate appropriate milestones relative to the planned release of the TrustLogics open beta.

The beta release was achieved as planned for December 2017. Consistent with his leadership philosophy, Srinivas was front and center of the planning and hours of intense meetings that culminated in the successful release of the software, which by the end of the year, enabled more than 500,000 registered users in the system.

About Srinivas Guptha Dubba

Srinivas Guptha Dubba is Founder and CEO of TrustLogics™, with over a decade of Executive Level experience in the Technology Businesses field. Srinivas has a history of establishing successful ventures and a diverse portfolio of business interests. He has built and sold, two medium size staffing companies. He has earned a valued reputation gained through the many years of staffing experience while managing the operations, and as owner and CEO. Also, he is the owner of several patents covering business and engineering initiatives. In many respects, with the development of TrustLogics™, Srinivas has created a new "mouse trap", and has garnered attention, not only as a disruptive solution, but also as an ecosystem that has portability, bringing increased utility and functionality to existing hiring systems and platforms.  

Better Ratings Lead To Better Earning

Ever since products and services found their way to the internet, buying products or hiring individual service providers (ISPs) became easy and convenient. Today, almost everything is available online and can be bought from the convenience of your couch but trusting the information available can be difficult as well as risky.

False online ads are increasing day by day which causes customers to think twice before buying, and the same goes for hiring a person for a job from the internet. On the other hand, genuine ISPs have to struggle to get more opportunities as it is really difficult to gain a customer’s trust.

This is where reviews and ratings come into play. According to a survey by ‘BrightLocal,’ 94% of the customers read online reviews about products and services. 84% of customers trust online reviews and ratings over personal recommendations as shown by another study from the same source.

From these numbers, one can easily assume that good ratings and reviews are important for ISPs to get more opportunities. But that said, there are some difficulties that ISPs are facing in today’s competitive industry.

Problems faced by ISPs in getting better opportunities

Getting the first project

Earning a customer’s trust is one of the hardest parts for any ISP. For new ISPs getting into the business, it is really difficult to get their first work project. With the industry being dominated by other giant private service provider companies, it is rare that customers put their trust in any new individual service provider.

Verified profiles

Verified profiles are preferred by the customer compared to other profiles available on the internet. It gives customers a sense of trust in an ISP’s background. But to get a verified profile, ISPs have to deal with third party verification agencies that charge high fees for their verification services which cost extra money to the ISPs.

Platform to showcase portfolio

There are only a few comprehensive platforms available on the internet for ISPs where they can show their work experience and their previous clients. This is a big drawback as an updated portfolio is the main element for ISPs to get more work.

So far, we have discussed what difficulties ISPs are facing in order to get better projects. They need a platform that solves these problems and gives them better networking opportunities.

Blockchain Technology-based Platform for ISPs

Blockchain can be a perfect fit for the gap between customers and ISPs with its secured, immutable, and decentralized working system. It will give customers a sense of trust and transparency which will lead to a better workflow for the ISPs and increased quality services for the customers.

Blockchain is a digital ledger that contains a list of transactions which is secured by consensus protocols, encryption of data, and is stored in a decentralized database. Blockchain technology will be a boon for ISPs as well as customers in the following ways:

Secured and verified profiles

Many successful Blockchain projects require users to get verified by the existing members of the Blockchain in order to get into the Blockchain network itself. This will ensure that only genuine and trustworthy ISPs are recommended to customers for any kind of project.This will ultimately lead to an improvement in quality service as well as better customer relationships.

Immutable database

Since everything will be online and stored on the Blockchain network’s database, the data and transactions stored will be immune to any changes. This will work in the favor of customers as ISPs won’t be able to change the ratings/verification results.On the other hand, ISPs can utilize this feature for recording the payment terms on the Blockchain, thus the customer can’t back out from making the payment.

The validating authority can issue certificates on the Blockchain itself that can’t be forged or reproduced like paper certificates.

Visit Our Website @ https://www.trustlogics.com/

Summary

With increasing frauds, Blockchain technology can be the new dawn for a reliable online ISP hiring system. It provides security, immutability, and transparency which are crucial for building trust between an ISP and a customer. TrustLogics is a new Blockchain-based platform for peer to peer hiring. It intends to revolutionize the hiring system by bringing jobseekers, ISPs, and employers on a single platform. TrustLogics gives the ISPs a unique feature to have their own digital portfolio (which can be attested by certified third-party validators) and get their services rated and reviewed by the customers.

TrustLogics Wins Multiple Industry Awards For Innovation, Diversity, Software Excellence & Entrepreneurship

TrustLogics, the innovation leader in blockchain for verified professional data, today announced that its offering was named a Silver Stevie Winner at The 2018 American Business Awards for ‘Tech Startup of the Year - Software’, Gold Winner at the 2018 Pillar® World Awards  for ‘Products, Services, and Solutions for USA’, and Bronze Winner at the 2018 CEO World Awards for ‘Products, Upgrades, and Innovation of the Year’ in the 11-99 Employees category.

The accolades didn’t stop there as Srinivas Dubba, Founder and CEO of TrustLogics, was also conferred with Gold Awards for ‘Diversity Team of the Year’ and ‘Founder, Entrepreneur or Partner of the Year’ by Pillar® World Awards and CEO World Awards respectively. These honors came in the face of tough competition from several innovative offerings and deserving entrepreneurs.

“We are honored that the TrustLogics platform was highlighted as a vital innovator by such an authoritative group of industry thought leaders and to have won in several different categories,” said Mr. Dubba. “Our vision is to help streamline the inefficiencies in hiring by verifying, sharing, and storing verified professional data of on blockchain. Such award programs provide a platform for companies like TrustLogics to showcase our technically advanced offering as well as provide job seekers and organizations an unbiased way to learn about the future of global recruitment.”

Watch Awards Video @ https://www.youtube.com/watch?v=1wwcBfzLYWs

TrustLogics facilitates digital authentication of professional data through three different attestation protocols (Auto Verification, Certified Validators, Peer Reputation), stores the attested version on the blockchain, and makes it shareable based on user permissions.

In addition, the process of acquiring a talented workforce can be finally crowdsourced through incentivized peer-to-peer hiring. TrustLogics provides users complete control over their professional data, and helps reduce the hiring costs of small and medium-sized organizations by building an ecosystem verified employee data is the norm.

Visit Our Website: https://trustlogics.io/

All efforts to verify data and identify the best candidates will be constantly improved by the introduction of Dubot, our proprietary A3C algorithm-based AI engine. Eventually, Dubot will not only have the ability to intelligently suggest new network connections for job seekers and employers, but also alert government agencies, educational institutions and non-profits to take required actions to meet talent gaps in the international workforce.

The American Business Awards are the U.S.A.’s premier business awards program. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

The coveted annual Pillar® World Awards is world's premier awards program honoring best employers. More than 80 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2018 award winners.

Lastly, the coveted annual CEO World Awards program encompasses the world’s best in leadership, innovation, organizational performance, new products and services, CEO excellence studies, corporate social responsibility, and milestones from every major industry in the world.

About TrustLogics

TrustLogics’ patent-pending technology created a decentralized ecosystem where users can share their professional data across different platforms by setting permissions, recruiters can make the most of a global Peer-to-Peer Hiring model and independent service providers can maintain and leverage their digital portfolios and receive ratings for services provided. TrustLogics will further reduce the gap between recruiters and jobseekers by leveraging the full potential of blockchain technology. As a result, the recruitment industry, that previously followed long and tedious protocols, can now simplify its processes and achieve new levels of efficiency.

Read Our Whitepaper: https://trustlogics.io/whitepaper.pdf

Follow Us On:

Telegram: https://t.me/trustlogics

Twitter: https://twitter.com/TrustLogicsUS

Medium: https://medium.com/@trustlogics

How Blockchain Powered Background Verification Will Transform HR Industry

Initiating the search for a new job is a common occurrence for nearly every working professional. While they enter into the process full of hope, professionals find it tough to turn their plans into reality. There are simply too many variables which remain beyond their sphere of influence when it comes to landing a highly desired job.

A decade ago, the general assumption was that technological advances and speedy flow of data would smoothen things out for a professional who is trying to transition from one company into another. But the global hiring process has turned out to be more flawed than expected. It currently takes, on average, 23.8 days (and rising) to hire a new employee in the U.S.

Such a long delay in the hiring process is down to quite a few factors – one of the major ones being a shortage of verified background information on jobseekers.

The Convoluted Mechanism of Employee Background Verification

Currently, one of the most popular trends among jobseekers is the practice of signing up on job portals or boards. Such platforms are a very convenient way for them to display their educational and professional accomplishments to the world. Naturally, much like on social media platforms, many individuals tend to display fake professional qualifications. A 2017 CareerBuilder survey in the U.S. found out that 75% of HR Managers have encountered fake qualifications on a resume.

Thus, organizations are being extra careful while hiring. They prefer to employ the services of background verification companies to certify a candidate’s experience and knowledge. Such background screening services usually incur a cost of $35-$100 per candidate.

Typically, a background screening cross-checks and analyzes a candidate’s educational achievements, professional accomplishments, and performance as well as conduct under previous employers. The more thorough the background check, the more expensive it becomes.

The background verification process of a potential new employee can turn out to be a very expensive proposition for many companies. Hence, they don’t tend to pursue it aggressively. This has ended up causing a great deal of damage for employers. 43% of them have admitted to making a bad hire due to the lack of a background verification process or quality information on a candidate.

Background screening jobs are tough not just because of the investigative effort that goes into them, but also due to the time constraints. Companies need quality information on candidates as soon as possible, otherwise they could end up losing them. The longer it takes to verify a candidate, the greater the likelihood of losing her/him to a competitor.

The TrustLogics Solution

TrustLogics aims to transform its vision of the world into reality – a world where a candidate’s professional data is accessed by potential employers in a completely different way.

Visit TrustLogics - https://trustlogics.io/

While the overall objective of verifying and securing professional data remains shared, TrustLogics is walking down an innovative path to achieve it.

We firmly believe that professional data is sensitive and requires greater security. The information contained within a resume can be easily exploited in the age of the Internet, and hence similar to a Social Security Number (SSN) in certain respects. But individuals don’t email their SSN to most of the companies in the city, do they?

Hence, the TrustLogics platform makes sure that an employer can only gain access to professional data if its respective owner, the jobseeker, is willing to share it. Their willingness can be controlled by adjusting a set of permissions.

You might wonder how an employer can verify credentials swiftly when the data is controlled by the jobseeker. Our platform solves this potential issue by changing the way things are done traditionally.

On the TrustLogics platform, instead of the employer, the onus of ensuring the verification of professional data rests upon the jobseekers.

Since the platform is being developed on a blockchain, jobseekers can verify their professional data by employing the services of certified third party validators, and then share it with any curious or interested employers.

How Jobseekers Can Verify Their Data On TrustLogics

Step 1 - After registering on TrustLogics, a candidate requests their college degree to be verified and allocates TrustLogics Token (TLT) as a reward and a smart contract gets deployed.

Step 2 - The validator who is best placed to undertake the verification process is notified and receives the necessary supporting documents to carry out the task.

Step 3 - After completion, the validator notifies the jobseeker.

Step 4 - Once the jobseeker receives confirmation, the reward is transferred through smart contract execution. The jobseeker’s profile displays that her/his college degree is verified.

A World of Pre-Verified Professional Data

The TrustLogics platform, developed on a blockchain, makes sure that professional data is securely and immutably stored. Jobseekers with verified profiles will have a competitive edge when it comes to the hiring process. They are more likely to be contacted for interviews as employers are assured of a quick, verified and cost-effective hiring.

After identifying ideal candidates, recruiters will have to request permission to access their profiles. As the accomplishments of those candidates are already verified, employers can breathe easy and move on to the stage where they see if she/he is fit for the required job description and company’s culture.

Decentralized Magic

The concept of decentralization lies at the very core of the TrustLogics platform. Its features, like smart contracts, ensure secure data storage and reliable service payments.

A jobseeker can choose to verify a lifetime’s worth of accomplishments with just a few taps on their smartphone. They can also share their profile across the Internet for external users to access it. On the other hand, recruiters can erase the worry of background verification and focus solely on finding and hiring ideal candidates.

Read Our White Paper - https://trustlogics.io/whitepaper.pdf

About TrustLogics

TrustLogics is a 'Patent Pending' disruptive technology solution. It is powered by de-centralized technologies that enables professionals to build credible global profiles, facilitate pre-screening and private networking supported by artificial intelligence. In a highly complex Workforce marketplace, TrustLogics is analogous to the "missing link" of connecting Job seekers with potential employers and is designing a Verification and Reputation platform for Professionals and Individual Service Providers.

Contact us at:  mailto:support@trustlogics.io

Follow us on:

Telegram: https://t.me/trustlogics

Twitter: https://twitter.com/TrustLogicsUS  

Facebook: https://www.facebook.com/trustlogicsus/

LinkedIn: https://www.linkedin.com/company/trustlogics/

TrustLogics - Spreading Trust in HR Industry Through Verified Data

If you look at the statistics alone, 2018 has been very kind to U.S. employment rates. In February, recruitment maintained a solid pace with the creation of 313,000 new jobs. It is the 89th consecutive month in which job opportunities for a job seeker kept rising.

But digging below the surface suggests that the whole process of making a hire is a bit messed up. The HR industry as a whole, including job search websites and recruitment agencies, seems to be relying or operating on a bunch of faulty and ineffective processes.

Incompetency of the Current Recruitment Industry

Everyone expected the technological revolution to make the jobsearch process easier. Job posting sites were supposed to connect companies and candidates instantly. But in reality, the average length of time it takes to hire an employee rose from 22.9 days in 2014 to 23.8 days in 2017.

Sadly, that is not the only shortcoming of the modern hiring process.

CareerBuilder conducts annual surveys to analyze and compare developments in the HR industry and U.S. workforce. Its survey shone the light on worker dissatisfaction as 66% of them regretted joining their current jobs. The main reason behind the regret was the ill-fitting nature of their job. Within 3 months of joining, half of them ended up quitting.

Companies are not impervious to such regrets either. Nearly 75% have reportedly made a bad hire at some point and have paid dearly for it. The average expense incurred by making one bad hire is $14,900!

The three most important reasons behind an employer making a bad hire are as follows:

•      There is a 33% chance of a candidate lying about their educational or professional credentials.

•      There is a 29% chance that an identified candidate is the wrong choice.

•      Recruiters lack access to the right hiring tools or methodologies 10% of the time.

At this point, one would assume that those who are enjoying the perks of a regular job would at least be happy. According to Jobvite’s 2017 National Study, there is very chance of that taking place.

81% of the employed candidates in the study were looking for a new job for a number of reasons. During 2017, at least half of those respondents went ahead and undertook an interview just for the sake of exploring their future possibilities.

Looking at the findings as a whole, it is pretty obvious that Recruiters, job posting sites and recruitment agencies are doing an inefficient job. Even advanced technologies like Machine Learning and Artificial Intelligence haven’t been able to improve the process yet.

A one-stop solution to solve the problems of the hiring and recruitment industry is absolutely vital. But is there one?

Visit TrustLogics - http://trustlogics.io/

A Developing Technology Comes To The Rescue

The concept of a digital currency has been around for a long time. Once the solution to eliminating double-spending emerged in the form of Bitcoin, innovation picked up steam and it wasn’t long before blockchain technology was being leveraged to ensure large-scale implementation of beneficial properties like transparency and immutability. Smart Contract is yet another feature which could transform how services are rendered.

Blockchain basically brings two absolutely necessary elements into the recruitment process: trust and access.

Right now, whenever a company is interested in hiring candidates, it has to conduct the background verification to ensure that they are exactly who they claim to be. They simply cannot trust a candidate on her/his word.

The Key To A Better Hiring Process

Thanks to the growing popularity of blockchain technology, TrustLogics ensures not only the security of professional data, but also its verification by suitable third party validators.

Through appropriate incentivized systems, Jobseekers can avail the services of validators to verify their professional and educational achievements. A verified profile significantly aids their jobsearch process by reducing the duration it takes to find a new job, and by raising the likelihood of receiving interview calls.

The most popular job portals and job listing sites right now are mainly focused on centralizing data and binding users within their ecosystems through the erection of walled gardens. Jobseekers and recruiters might enjoy several options in the form of numerous job portals, but once they enter into those ecosystems, their access is severely restricted. For example:

•      Can jobseekers freely share their digital portfolios on a particular platform anywhere across the internet?

•      Is it possible for recruiters to avoid being flooded with resumes which are simply not qualified enough?

•      Is there a digital version of the Peer-to-Peer employee referral system with even greater reach for recruiters to leverage?

All of these questions have the same answer: no. TrustLogics is being developed to turn it into a resounding yes.

TrustLogics enables:

•      Jobseekers to share their digital portfolios anywhere across the internet. Even non-TrustLogics users will be able to view them.

•      Recruiters to reduce organizational expenses incurred on background verification of potential or new employees. They can even skip the stage where they test a candidate’s skills and simply dive right into the process of analyzing whether she/he is the right fit for the company.

•      Recruiters to leverage an incentivized digital Peer-to-Peer employee referral system. This system will help a company gain access to a much wider talent pool than ever before.

The Forthcoming Revolution

Employers have always shown a greater preference for candidates who come through referrals compared to any other way, including job portals. By leveraging the TrustLogics digital referral system, they increase their reach and exposure exponentially.

TrustLogics is developing an incentivized, immutable platform to change the very foundations of the global recruitment process. By enhancing transparency, user control over data, and employee referral methodology, TrustLogics is on the verge of changing the world of hiring and professional data as we know it.

Take a look at the TrustLogics whitepaper - http://trustlogics.io/whitepaper.pdf

Contact us at:  support@trustlogics.io

Follow us on:

Telegram: https://t.me/trustlogics

Twitter: https://twitter.com/TrustLogicsUS

Facebook: https://www.facebook.com/trustlogicsus/

LinkedIn: https://www.linkedin.com/company/trustlogics/

Why a $792 Billion Gig Economy is Crying Out for Decentralization

Due to job portals like LinkedIn, creating and keeping track of your professional connections is an easy task regardless of whether you’re a doctor or an engineer. The art of maintaining the right contacts in order to take the right step in your career has never felt more convenient, thanks to digital services.

But what if you’re an independent service provider (ISP) or independent contractor? The technological revolution has mostly ignored the needs of this vital segment of the global workforce. A self-contractor could be an electrician, carpenter, etc.

Despite the lack of a big, specialized global job portal for hiring independent contractors, the annual spending on the U.S. gig economy crossed the $792 billion mark in 2015. The most difficult obstacle for a self-employed contractor is this: the identification, pursuit and acquisition of contract works on a regular basis. So far, the biggest job boards have paid scant attention to the field of contract work. But TrustLogics is poised to open up all kinds of opportunities and spur the growth of contract work.

Visit TrustLogics - http://trustlogics.io/

The Present Situation of ISPs

Currently, independent service providers depend heavily on more traditional types of networking to obtain regular work. Family or friend suggestions, tips in the local area through social media platforms, portfolios on service websites, and recommendations or suggestions from staffing firms account for a majority of opportunities.

But the conventional methods of job-hunting for ISPs come with severe drawbacks. Since such referrals don’t follow a timeline, an independent worker usually finishes a job and sits idle for days on end before securing a new one. Since most of the work doesn’t exactly require the signing of complex contracts, customers (a.k.a service requestors) tend to change pre-agreed compensation terms while the task is being completed.

Even the hiring process frequently turns into a long-drawn-out waiting game as the background details of a self-employed contractor have to be verified before the task can be undertaken. Service websites initially seemed to be a convenient way to banish some of the above drawbacks, but they ended up presenting a different set of challenges: the presence of multiple portals, expenditure incurred for placing ads on the platforms, and the effort undertaken to optimize the digital profiles differently depending on a platform’s preferences.

Rapid Transformation of Contract Work Expectations

But the single biggest issue that the ISPs have to deal with is the technology-driven change in perception of contract work.

Before the technological revolution, service requestors usually preferred solving problems at home by simply calling the friendly neighbourhood plumber or electrician. Hiring independent contractors in this fashion was popular as these individuals were either well known in the local community or were strongly recommended by neighbours. A lasting impression was created while their services were availed. This sort of sealed the trust between both parties.

But technology has disrupted the way service requestors choose an independent contractor. A few taps on their smartphone now provides them access to dozens of plumbers from other nearby communities. Thus, the impressions formed while availing services was replaced by a digital portfolio on an online service website containing the individual’s personal details, qualifications, ratings, and reviews.

As far as large-sized or corporate service requestors were concerned, they continued their long-held tradition of approaching staffing firms for any seasonal needs and formed hiring partnerships with them. They even tended to outsource the crucial process of employee vetting.

A Background Verification Onslaught

This is why ISPs have no option but to adapt to a radically different hiring process, without much help. There is no law to implement a single, universally-accepted vetting certificate, which can be edited with the latest updates and serve as official proof. As far as the general public are concerned, they already have something like this in the form of the social security number (SSN). An SSN serves as a definitive authority for identification and helps individuals gain access to taxation or healthcare protocols faster. Unlike ISPs, the public doesn’t have to prove their credentials each and every time.

So why can’t ISPs also benefit from a single digital certificate attesting the truth of their qualifications, ratings and reviews? The benefits of such a system are two-fold: the hiring process for a self-contractor is greatly simplified; and it also reduces the downtime (which is normally spent waiting for a background verification to finish) between two successive jobs.

Digital Maintenance of Professional Reputation

Where there is a gap in the market to exploit, start-ups are sure to follow. Job portals focusing completely on contract work have been popping up for fun during the last few years. While ISPs greeted their entrance with enthusiastic approval, things quickly turned sour.

A large number of platforms meant that a self-employed contractor had to maintain an active presence on a number of them. Providing responses to comments, personalizing digital profiles for each platform, and the problem of fake reviews took up an inordinate amount of time for them to deal with. Even service websites were just as bad because ISPs had to chip in their own money for financing any advertisements on these platforms.

These past stumbles beg us to consider whether a self-contractor would be happier with a universally accepted digital portfolio. Something they can maintain and, more importantly, share across the internet. This would eliminate the problem of dealing with too many platforms while saving cost and time.

TrustLogics – A Change in Status Quo

It is quite clear that the status quo is hurting the wallets of ISPs. They desperately need a platform which serves them rather than one which exploits them. A platform where they can keep a unified background vetting certificate, share their digital profiles across the web, and respond to the reviews and ratings of service requestors.

TrustLogics is poised to be the answer to their prayers.

Read Our White Paper - http://trustlogics.io/whitepaper.pdf

About TrustLogics

TrustLogics is a 'Patent Pending' disruptive technology solution. It is powered by de-centralized technologies that enables professionals to build credible global profiles, facilitate pre-screening and private networking supported by artificial intelligence. In a highly complex Workforce marketplace, TrustLogics is analogous to the "missing link" of connecting Job seekers with potential employers and is designing a Verification and Reputation platform for Professionals and Individual Service Providers.

Contact us at:  support@trustlogics.io

Follow us on:

Telegram: https://t.me/trustlogics

Twitter: https://twitter.com/TrustLogicsUS  

Facebook: https://www.facebook.com/trustlogicsus/

LinkedIn: https://www.linkedin.com/company/trustlogics/

Why the $428 Billion Staffing Industry Desperately Needs a Blockchain Revolution

$428 billion. That is the value of the industry for recruiting professionals at the global level. On the other hand, the industry for self-employed or individual service providers does not have official statistics from staffing services to come up with an approximate valuation.

Someone looking for a new job is almost guaranteed to log-on to a job site or utilize the services of recruitment agencies. Their ultimate aim is to settle into the ‘right’ job so that their livelihood can take a step forward.

Unfortunately, the current methodologies being used by professional staffing companies and the HR industry are broken and are in desperate need for a fix.

Visit TrustLogics - http://trustlogics.io/

Some of the most common ailments afflicting the global recruitment process are as follows:

1. Application Pile-up

A typical company recruitment department is involved in a constant war against applications. Most of the applications lean toward fake, casual, overqualified, under-qualified, etc. Hence, picking out the right candidates for a position becomes a tedious process and companies often end up settling for imperfect candidates.

2. Fake Resumes

The trend of fake news only became popular during the last few years, but fake resumes and illegitimate professional qualifications within a résumé have been part and parcel of the HR industry for a long time. With the biggest job portals not expending any effort to verify résumés, the onus, once again, falls on recruiters to run background checks or to employ the services of an iffy external verification company.

3. Too Many Job Portals

It is a tough task for jobseekers to understand, optimize and make the most of one job portal on an annual basis. To fall in line with modern professional demands, they now have to maintain updated, tweaked profiles on several job portals. With companies increasingly turning into walled gardens, it is no longer possible to transfer personal and professional information from one big platform to another.

4. The Dreaded Middlemen

Imagine this scenario: One of the pipes in your home has burst and you trying to hire a plumber to plug it. Would a random stranger inspire more trust in you or would someone with verified background checks, skills, ratings, etc., be better? Unfortunately, independent service providers do not have a platform where they can share their ratings or reviews, and are restricted to depending on dozens of service websites, who serve as middle-men, to get jobs. What’s even worse is that customers end up paying 30-40% more if they go through service websites rather than contacting service providers directly.

Take a look at the TrustLogics whitepaper - http://trustlogics.io/whitepaper.pdf

These are some of the situations where TrustLogics jumps into the picture. With a team accounting for more than 10 years of previous experience in running staffing organisations, and having first-hand experience in dealing with the pain of fighting perfect candidates for thousands of jobs, TrustLogics is ideally positioned to revolutionize the global hiring process. Our platform completely revamps the way recruiters seek out staffing solutions by shutting out the noise and retaining the essential, verified facts pertaining to a jobseeker.

TrustLogics, with a patent in the pipeline, is poised to disrupt the service provider and company recruitment processes by ensuring greater security and control over verified data. With the help of Hyperledger (a private blockchain to store data) and Ethereum (a public blockchain for recording transactions), our platform will ensure greater transparency and cut down the expenses as well as time involved in hiring the right candidates.

About TrustLogics

TrustLogics is a 'Patent Pending' disruptive technology solution. It is powered by decentralized technologies that enables professionals to build credible global profiles, facilitate pre-screening and private networking supported by artificial intelligence. In a highly complex Workforce marketplace, TrustLogics is analogous to the "missing link" of connecting Job seekers with potential employers and is designing a Verification and Reputation platform for Professionals and Individual Service Providers.

Contact us at: support@trustlogics.io

Follow us on:

• Telegram: https://t.me/trustlogics
• Twitter: https://twitter.com/TrustLogicsUS
• Facebook: https://www.facebook.com/trustlogicsus/
• LinkedIn: https://www.linkedin.com/company/trustlogics/