Wednesday, April 11, 2018

THEMPLOYER - A Decentralized Solution For Eliminating Intermediaries


Greetings Communities, in this post I will introduce about Themployer project, and for more details let's just go to the following discussion:

WHAT IS THEMPLOYER? 

ThEmployer is a decentralized solution removing the middlemen, making hiring easier, better and rewards using tox platform.

HOW DOES IT WORK? 

When a client submits a Job to ThEmployer, the protocol identifies qualified candidates giving them a choice to take on any of the following roles: Candidate, Referrer or Evaluator. Once a predefined number of responses are met or a set time has lapsed, the protocol closes the Evaluation pool and approves a random subset for screening the matched candidates. Evaluators can upvote/downvote candidate profiles against the job, but must escrow providing a financial stake (measured in ThEmployer Tokens, abbreviated TEO) with each vote. The client then responds to the top candidates submitted, determining the objective ‘correctness’ of the votes, and uses this correctness metric to compute rewards and penalties to the Evaluators. Incorrect Evaluators lose expertise as well as their initial TEO token stake; correct responders accrue expertise and receive TEO token rewards greater than their initial stake.

Our Mission

ThEmployer is set to revolutionize the hiring mechanism by giving each qualified candidate a chance to act as a recruiter. We believe that passive candidates are far more effective in determining the suitability of a potential applicant as they have access to the valuable information locked away offline in memory & experience than the keyword-matching recruiters. We are determined change the face of hiring by leveraging the power of blockchain & AI technology, empowering potential candidates through collaborative hiring: users can contribute to the community as a Candidate, an Evaluator or a Referrer. Every existing job on our platform forges a transparent hiring chain, awarding each contributor via a smart contract thus giving everyone the power to hire.

ThEmployer Ecosystem



When a client submits a Job to ThEmployer, the protocol identifies qualified candidates giving them a choice to take on any of the following roles: Candidate, Referrer or Evaluator. Once a predefined number of responses are met or a set time has lapsed, the protocol closes the Evaluation pool and approves a random subset for screening the matched candidates. Evaluators can upvote/downvote candidate profiles against the job, but must escrow providing a financial stake (measured in ThEmployer Tokens, abbreviated TEO) with each vote.
The client then responds to the top candidates submitted, determining the objective ‘correctness’ of the votes, and uses this correctness metric to compute rewards and penalties to the Evaluators. Incorrect Evaluators lose expertise as well as their initial TEO token stake; correct responders accrue expertise and receive TEO token rewards greater than their initial stake.

Token Details

TEO tokens are based on the ERC20 standard
TEO will be distributed during the crowdsale & will later be converted to native tokens after the launch of the ThEmployer MainNet.
TEO tokens will be used as an internal economy on TOX platform starting Q4 2018.




Roadmap

roadmap.png

For More Information:


The bitcointalk name :Aray80

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