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Yililai Technology

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  1. Blockchain Can Improve Online Recruitment Greatly

    Blockchain is the digital, distributed, and decentralized ledger that underpins cryptocurrencies and is tasked with recording all transactions without the need for a financial intermediary. In plainer English, think of blockchain as the foundation upon which virtual currencies are built upon. origin: https://goo.gl/aFJvFX
  2. Online recruitment uses the power of the internet to match people to jobs. Fundamentally, it is about advertising vacancies on either job sites or corporate websites. At this very basic level it is particularly effective at getting a high level of response. While it may generate hundreds more applications than traditional print advertising, simply attracting more candidates is only part of the job. The current view is that truly effective online recruitment could be as low as 10% of the top blue-chip corporate companies. The real strength and power of online recruitment, when done properly, lie in harnessing internet technology to not just attract candidates but to deal with them too. In this sense it is also about streamlining the recruitment process -so busy HR departments can give a better recruitment service to their colleagues in finance, marketing, sales and manufacturing. Plus, it frees up more of their time for more value-added tasks. However, because anybody in the world with Internet access could potentially see your job posting, you may be inundated with responses, many of them from unqualified candidates, and even worse, the achievements, qualifications, experience and aspirations that the candidates provide cannot be verified. You’ll have to take extra time that you may not really have to wade through each application. To avoid unwanted applications, you’ll need to be careful as to how you word your job posting and be as specific as possible about the job duties and the qualifications you’re seeking. Therefore, the verification of the information in CV is necessary. The blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any recruiters that wishes to view it as long as they pay CVH to the applicants before they ask the permission of the applicants. The technology also eradicates double handling and processing by multiple verification providers. Blockchain is a magnificent change agent for recruitment industry, a broker based industry. Blockchain can be put to great use in the recruiting sector because, after all, it is a broker industry. Now, Curriculum Vitae Chain, a blockchain based application, can assist in expediting the recruiting process undertaken by intermediaries unlocking valuable fund and time to be put to better use by employers in growing their business. The whole team of Curriculum Vitae Chain believe that finding a dream role with your dream employer should be quick and easy. Equally, finding top talent should be quick and inexpensive. However, it is challenging, time consuming, and costly finding top talent, and the recruitment process is often frustrating for candidates and recruiters. And what’s more, having the credentials of an individual’s CV verified by educators or accreditors and former employers is of enormous benefit. Also, providing unbounded access to candidates or open roles reduces the time to find talent and employers, significantly reducing hiring costs, and increasing productivity. We will build an ecosystem based on Curriculum Vitae Chain, covering all fields in recruiting sector.
  3. For the first time, a Union Budget speech has talked about cryptocurrencies and blockchain technology, which indicates that the government is clearly focused on bringing in regulations on cryptocurrencies. The finance minister in his Union Budget 2018 speech said, “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.” However, the government has recognized blockchain and said that a “distributed ledger system or the blockchain technology allows organization of any chain of records or transactions, without the need of intermediaries. The government will explore use of blockchain technology proactively for ushering in digital economy.” Wait and watch on cryptocurrencies The government continues to stick to its stance. “In regards to cryptocurrencies, they don’t consider it as a legal tender, which the finance ministry had mentioned in December. It further says that corporates are not allowed to use it as a payment system and can’t use it for illegal activities. This indicates that if there is money laundering by individuals or corporates, you can expect a crackdown,” said Praveen Kumar, chairman and chief executive officer of Belfrics Global SDH, a company that runs bitcoin exchanges in Singapore, Malaysia, Bahrain, Japan, Kenya, Nigeria, Tanzania and India. Bitcoin exchanges are not happy with this wait and watch approach right now. “There is no repercussion of the Budget announcements to what we are doing right now. Until and unless the authorities make a more concrete comment, for us it is business as usual. Their worry is that the common man is going to enter it because of the price surge. But that has been the stance since December 2013 when the Reserve Bank of India (RBI) first issued cautionary notes. They should give us some more clarity,” said Jincy Samuel, chief operating officer, Coinsecure. Blockchain, but no cryptocurrencies Though government is taking a cautious approach on cryptocurrencies, it is bullish on the use of blockchain. Cryptocurrency industry believes that blockchain and cryptocurrencies have to go hand in hand. “Unless it is a decentralized system, it is just another form of keeping track. If you want to apply blockchain in supply chain or manufacturing industry, you are basically putting data in the system for everyone to view. It is then just a centralized system that means someone has an authority to modify it,” said Samuel. There are two different ways to run a distributed system—public and private. “Say you want to use it for election. If it is private blockchain, the Election Commission will have full control. So you are not increasing transparency. Public blockchain system is required for transparency and you have to pay those who guard it in the form of cryptocurrency,” said Kumar. How it impacts you The government has again clarified that cryptocurrencies are not legal tender. This means they are not a currency. However, it doesn’t mean that holding cryptocurrencies such as bitcoin is illegal or banned. As of now, the government has not termed it illegal. However, as a cryptocurrency user you should tread with caution. The price of bitcoin peaked to cross $18,500 in December 2017. Since then the price has dropped, to $8,500 in February 2018. Bitcoin prices have been extremely volatile in the past few months. Mint Money does not recommend investing in bitcoin or other cryptocurrencies. If you have incurred gains from sale of bitcoins, you should declare it in your income tax return.
  4. A number of Twitter accounts masquerading as notable cryptocurrency developers and startups have been soliciting funds with promises of major gains. With the rise in value and popularity of cryptos, such scam accounts have been on the rise – asking for small donations of various cryptocurrencies on the social media platform. In exchange, these scams promise, they will later send several times the amount donated back to the originating address. Often this exchange will come under the guise of a giveaway: a "developer" will encourage fans to donate within a limited period to be able to participate, or they only send funds to the first 50 or 100 users responding. What is notable (and disappointing) about these accounts, though, is that several of them appear to have been successful in scamming cryptocurrencies from users. Data indicates that these users have received a combined total in the thousands of dollars over the last several days. For example, user @SatoshiLitev, copying the username of litecoin creator Charlie Lee (@SatoshiLite) offered to donate four litecoins to the first 60 people to donate a fraction of one to an address. According to Block Cypher, the address received a total of 11.5 litecoin (worth $1489.56 at press time). The coins were transferred to other addresses soon after. Similarly, Ethereum creator Vitalik Buterin (@VitalikButerin) has several copycats. One, @VittaliBuuteri, offered to send two ether tokens to anyone who sent him 0.1 tokens. Etherscan data indicates that while people sent him Ethereum, he did not send any back to those specific addresses. Another user, @vitalic_buterin, made a similar offer. Etherscan showed he had a balance of 2 ether from several donations as of Thursday night. Individuals are not the only ones being copied. A copycat of Ripple, the company behind the XRP token, offered to donate 100,000 tokens to the community provided individuals first sent it 100 XRP. The account, @RippleOfficial, took pains to ensure it looked like the real Ripple account (@Ripple) by tweeting and retweeting the same posts as the company account. And of course, some of the developers being copied are not happy about the trend. Ripple chief executive Brad Garlinghouse commented that "impersonators [have] (frustratingly) become very relevant" after "@bgarlinghaus" tried to scam his followers. The account has since been suspended by Twitter, but cached archives from Google show the user offered to donate 1 million XRP tokens in exchange for smaller donations on at least two occasions. It is unclear whether any XRP was sent to the user's address. Similarly, Vitalik Buterin commented on Wednesday that deleting scam accounts one at a time was ineffective, advocating for a system that would filter copycat accounts or a "better reputation system." His concern was that there were more than 800 possible permutations of his name by changing a single character. Changing two characters increased that number to nearly 350,000. As if to prove his point, the account Buterin was specifically referencing was suspended, but in his tweet responses people listed at least two more scam accounts. It is unclear what efforts Twitter is making to remove these scam accounts on a larger scale, though at least two accounts have already been suspended. The Ethereum creator later joked about the situation, saying if anyone sends him 0.1 ether, he will respond with nothing as he is "too lazy."
  5. The logistics arm of Chinese retail and internet giant JD.com has joined the Blockchain in Transport Alliance (BiTA). Origin: https://medium.com/@YililaiT/blockchain-a-promising-technology-is-ready-to-upset-the-traditional-industries-8c99f6e2111a
  6. With over 600 million registered users and 200 million monthly active users worldwide, Japanese messaging giant Line has announced plans to start and operate a cryptocurrency exchange. In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review. It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application that is ubiquitous among some 70 million Japanese users. The messaging app is also massively popular in other regional nations including Indonesia, Thailand and Taiwan. Line’s plan to launch the offering extends beyond Japan, with Bloomberg reporting its planned expansion to Hong Kong and cryptocurrency-friendly Luxembourg. If Line intends to bring its cryptocurrency exchange for all of its users globally, the likes of Coinbase, one of the world’s most popular cryptocurrency exchanges with some 13 million users across 32 countries, would pale in comparison. Line joins a group of over 30 cryptocurrency exchange operators in Japan filing applications with the FSA to register and launch operations. The FSA has so far recognized and granted permits to 16 exchanges, with the rest awaiting clearance. The messaging giant’s initiative to offer cryptocurrency trading comes alongside the launch of a new company called Line Financial, which will also delve into offering financial services to users. An excerpt from Line’s announcement reads: “Going forward, LINE will use this new company as a base as it proceeds with preparations to provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance – all from the LINE app – and will continue to grow its financial business. “ Line Financial follows Line’s already-popular mobile money transfer and payment service Line Pay, a service enabled within Line’s messaging app. In 2017, Line pay topped 40 million registered users globally with annual transaction volume exceeding ¥450 billion ($4.1 billion).
  7. 1000 citizens of Rohingya who fled Myanmar will next year get digital IDs on blockchain in a pilot project. Thus, to help them receive banking and education services. The Rohingya Project will enable them to become members of the diaspora in Malaysia, Bangladesh, and Saudi Arabia. “They are disenfranchised,” Kyri Andreou, co-founder of the Project, which is organizing the initiative. Said at its launch in Kuala Lumpur on Wednesday. A test will be to verify that they are genuine Rohingya before giving the digital IDs. They are among the 650,000 Rohingya Muslims – who are denied citizenship in Buddhist-majority Myanmar denied citizenship in Myanmar and who fled to Bangladesh since August following attacks by insurgents and response by Myanmar’s army and Buddhist vigilantes. There are about 4 million Rohingya around the world according to the project. U.N. refugee in November said Rohingya are the biggest minority among estimating 10 million people around the world who are stateless. Blockchain technology is also a powerful change for all industries. We only need to look at the fervor in which the Financial Services sector is being disrupted by Fintech start-ups applying blockchain to bring greater value to banking customers. Likewise, Blockchain technology can be put to great use in the recruitment sector. The recruitment sector after all is a broker industry. The technology can assist in expediting commodity processes undertaken by intermediaries unlocking valuable capital to be put to better use by employers in growing or optimizing their businesses. In Curriculum Vitae Chain’s case, the broker role currently undertaken by 3rd party verification companies is superseded by the blockchain technology and network. The technology makes the process immeasurably faster and, at the same time, ultra-trustworthy. The blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any person or organization that wishes to view it. The technology also eradicates double handling and processing by multiple verification providers.
  8. Hong Kong to Educate Public on Crypto and ICOs

    Hong Kong authorities have launched a campaign to educate the public on the risks associated with ICO and cryptocurrency investment. Kicking off yesterday, the campaign started on Jan. 29 and was launched by the government's Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), a subsidiary of the Securities and Futures Commission (SFC). Aiming to reach citizens via a range of channels, including the city's metro system, TV and social media, the campaign comes as the latest government-led initiative in offering the public a holistic understanding of ICO and cryptocurrency investment following the recent rise in market interest. Many cryptocurrencies now in the market are air coins, namely those which have no application. Not like Curriculum Vitae Chain, it is the first blockchain application in recruiting sector in Asia. "Through this series of public education initiatives, the government aims to provide the public with a correct and comprehensive understanding of ICOs and 'cryptocurrencies', so that they can thoroughly assess the risks before making transactions or investment decisions," said Joseph Chan, the undersecretary of the FSTB. In addition, the IEC has made ICO- and cryptocurrency-related resources available to the public through its website, called the Chin Family. The initiative also follows recent warnings from the SFC which specified in September last year that tokens issued through ICOs could be regarded and thus regulated as securities. The financial regulator also stated last month that only licensed firms are allowed to offer bitcoin futures and other cryptocurrency-related financial instruments.
  9. The World-Wide Fund for Nature (WWF) has started using blockchain technology to stamp out illegal fishing in the tuna industry, making it the first of its kind. According to an announcement from the organization the transparency of the distributed ledger will prevent consumers from purchasing tuna from illegal, unreported, and unregulated fishing in the Pacific Islands. Additionally, it will help to eradicate human rights abuses. According to an announcement from the organization the transparency of the distributed ledger will prevent consumers from purchasing tuna from illegal, unreported, and unregulated fishing in the Pacific Islands. Additionally, it will help to eradicate human rights abuses. This is just another example of how the blockchain is being widely applied to different industries and not just the financial sector. In fact, blockchain technology is a powerful change agent for broker-based industries. It can be put to great use in the recruitment sector. The recruitment sector after all is a broker industry. The technology can assist in expediting commodity processes undertaken by intermediaries unlocking valuable capital to be put to better use by employers in growing or optimizing their businesses. The blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any person or organization that wishes to view it as long as they get the permission of the owners and pay them CVH . The technology also eradicates double handling and processing by multiple verification providers. As the first blockchain application in recruiting sector in Asia, Curriculum Vitae Chain has made full preparation to upset traditional recruitment industry. WWF uses blockchain to eradicate illegal fishing in the tuna industry but actually, blockchain can do more.
  10. 提前祝大家新年好,简历链CVH免费撸币啦! 你只需要把下面这条信息转发到各大数字货币论坛上,每转发一个地址,就可以获得50个CVH。 如果你还能能发布原创性的内容,我们会额外多赠送20个CVH哦! 活动规则:请把你发布后的信息链接发到这里friedrich@cvh.io,后面备注上你的钱包地址(记得必须是ETH系列的钱包),我们会检验你的发布信息链接后48小时内转到你的钱包。 转发内容如下: 区块链技术最新快讯:亚洲第一个区块链技术落地应用 curriculum vitae chain(CVH) 据相关报道curriculum vitae chain(CVH)技术项目团队第一个区块已落地亚洲,该项目目前已经在中国获得10万份简历数据对接区块,准备下一步招聘区块做对接技术准备。 简历链CVH是什么? 项目全称:简历链 英文名:curriculum vitae chain(CVH) 代币缩写:CVH 据调查,简历链CVH作为亚洲第一家简历招聘区块链落地应用系统,继承了传统网络在线招聘行业中的优点但同时也克服了传统网络在线招聘中长期存在的问题。 未来,该简历链的简历认证系统以及生物认证机制对应聘者投递的简历信息进行智能认证并加密,并通过校企合作,确保了应聘者的简历的教育经历、工作经历的真实性,实现应聘方简历信息的真实性、不可篡改性、不可伪造性。 并且简历链能够解决困扰网络在线招聘多年的招聘信息失真的问题。通过区块链技术加密的简历并不是公开的,黑客和网络病毒无法将简历的内容信息轻易的泄露出去,任何的招聘者如果需要查看应聘者的简历信息都需要经得应聘者的同意后才可以查阅。 该简历链系统内部的企业审查系统也将对招聘方的信息进行严格的审查也能实现招聘方信息的真实性、不可篡改性、不可伪造性以保证应聘方的利益。 简历区块链CVH的未来发展。 人力资源相关专家预计2018年,简历链CVH作为一个简历招聘行业的区块链技术应用项目,将会给当前的简历招聘行业带来更为巨大的创新与活力,根据相关的简历招聘行业调查,简历链(Curriculum Vitae Chain)CVH在2018年的亚洲地区简历区块数量会达到3000万份,并同时与招聘区块链接后,会成为全球简历招聘行业中实现区块链技术的领头羊,引领区块链技术发展。 官网: www.cvh.io Reddit: https://www.reddit.com/r/CVH_Coin/ 推特:https://twitter.com/YililaiT 微博:https://weibo.com/u/6391442976 Medium:https://medium.com/@YililaiT
  11. Immutability, transparency and the elimination of intermediaries are some of the most cherished attributes of the blockchain upon which a lot of disruption is happening across various industries. Being able to keep track of processes, goods and services across extended chains of communication is a development that has become very essential to the social and commercial aspects of human existence. Blockchain technology is a powerful change agent for broker-based industries. We only need to look at the fervor in which the Financial Services sector is being disrupted by Fintech start-ups applying blockchain to bring greater value to banking customers. Likewise, Blockchain technology can be put to great use in the recruitment sector. The recruitment sector after all is a broker industry. The technology can assist in expediting commodity processes undertaken by intermediaries unlocking valuable capital to be put to better use by employers in growing or optimizing their businesses. As recruitment market in China continues to expand, more efficient methods are being developed to speed up the process of recruiting, e-recruiting for example, which has played an essential part in recruiting sector for years. E-recruitment does speed up the recruiting process compared with the traditional ways, however, recruiters still have to verify the details that the applicants provide while dealing with applications all around world and for applicants, their information online is public, everyone has access to it. It is insecure for the applicants themselves. Getting Rid of Verification by Third-party Jerry Stokes, marketing adviser of Curriculum Vitae Chain, tells the reporter that it currently takes about 70 days to hire talent, with significant time spent verifying candidate credentials. Over 30 days of the hiring process is spent verifying candidates, their experience, educations and skills, and about average $500 is spent prior to hiring in lost productivity or direct expenses. According to Stokes, using blockchain technology, the verification can pre-verify, relieving organizations from the burden of undertaking verification themselves, or paying 3rd party verification partners to undertake verification on their behalf in Curriculum Vitae Chain’s cases and blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any person or organization that wishes to view it as long as they have the permission first and pay the owner CVH. The technology also eradicates double handling and processing by multiple verification providers. “Blockchain is the perfect tool for recruitment because it takes the traditional database to the next level, an immutable record which is ideal for audit-keeping and immune to tampering”, says Stokes. Automagical Matching the Applicants and Recruiters “Blockchain is a digital ledger that provides a secure way of making and recording information like transactions, agreements and contracts — anything that needs to be recorded and verified as having taken place. “says Bo Sun, technical adviser of Curriculum Vitae Chain. Once the applicants complete the biometric identification and create their profile, the details they provide will be verified by Curriculum Vitae Chain to create verified CV, and match those verified CV details to job requirements. Sun says” Curriculum Vitae Chain can significantly speed up the traditional recruiting process and make it easier and less inexpensive. It will upset the traditional recruitment and online recruitment.” According to Sun, all details that the applicants chose and personal contact information are encrypted by blockchain, they are not open to the public so there is no need to worry about the security of the information. Enhancing the Security of Information As a distributed ledger technology, decentralization is not the only feature of blockchain. Blockchain technology can ensure the security of information, and in recruiting sector, there is no doubt that the contact information of the recruiters and applicants is the most important. After verification, all information will be stored securely and permanently, which enhances the security of the information of the recruiters and applicants.
  12. Blockchain technology paved the way for growth of cryptocurrency, providing a transparent record of millions of transactions around the globe. But could it also solve challenges that traditional e-recruitment is facing? And also give traditional recruitment industry the ability to help the candidates to find a dream role with a dream employer fast and easily while help the employers to find top talent quickly and inexpensively, leading to better match of candidates and recruiters? That’s the belief in recruitment sector, as well as the opinion of researchers at Curriculum Vitae Chain, the first blockchain application in recruiting sector in Asia. What Is Blockchain? A blockchain essentially is a distributed ledger that is updated in real time. The technology can collect and record millions of transactions. The ledger is secure, decentralized and public, with each transaction listed in chronological order. Once entered a transaction cannot be changed. Most associate blockchain with the cryptocurrency Bitcoin. The technology offers a way for people in a market to keep track of transactions without centralized recordkeeping. The technology has potential in many different areas outside of cryptocurrency, however. Traditional e-recruitment is beginning to seize on blockchain for potential uses within the online recruitment industry. Curriculum Vitae Chain Advocates Blockchain in China The idea of using blockchain in the recruiting sector took off in the middle of 2017, when Curriculum Vitae Chain announced that its first blockchain-based CV generator was available. In Curriculum Vitae Chain’s cases, once the applicants finish the biometric identification in Curriculum Vitae Chain, they can submit their basic profile data to generate their personal CVs, according to their choices in tens of kinds of templates and then the system will verify the details that the applicants provide, namely their chosen educational institutions and ex-employers, in order to infiltrate the false information that can lead to extra work for the recruiters. After that it will automatically match those verified CV details to job requirements once the applicant’s CV catch a recruiter’s interest, the recruiter has to ask the applicant’s permission before the recruiter pays the applicant CVH, the token in Curriculum Vitae Chain that is based on ERC20, to read his or her CVs. Of course, the applicants can check the recruiter’s information that has also been verified by the system before they make the decision whether give the permission to the recruiter or not. The Trend of the Application in Recruiting Sector is Unstoppable Bo Sun, technical adviser of Curriculum Vitae Chain, in a news release, said the trend of the application of blockchain in recruiting sector is unstoppable. This means with the application in recruiting sector, blockchain technology will upset the traditional one because blockchain technology has solved the problems that have plagued the traditional e-recruitment ever since it was born. The recruiters will no longer take extra work to verify every detail that the candidates provide and avoid unwanted applications and therefore free up more of their time for more value-added tasks when getting a high level of response from all over the world. Original Article: https://medium.com/@YililaiT/e-recruitment-industry-sees-blockchain-as-key-to-growth-57eabc5167f7
  13. The recruitment sector will see the most significant change from the adoption of blockchain technology, according to Peter Lee, former marketing specialist of APAC in 918JobBank and adviser of Curriculum Vitae Chain. While best known as the distributed ledger for bitcoin transactions, blockchain has already been used in many other applications such as digital banking, trade finance, cross-border payments, health care and food security to enhance transparency and efficiency, and cut costs. However, Peter Lee predicts the technology will drastically change the business model of the recruitment industry. “Recruitment is going to see the most impact from blockchain,” said Heinrich Sebastian, Former CareerBuilder Digital Marketing recruitment specialist. Over 30 days of the hiring process is spent verifying candidates, their experience, educations and skills, and a lot of money is spent prior to hiring in lost productivity or direct expenses. Curriculum Vitae Chain would like to help organizations significantly diminish the costs and efforts associated with the process. With blockchain and big data, recruiters can speed up the recruitment process and save potential their valuable time and money by verifying the achievements, the qualifications, the experience and the aspirations that the candidates provide and what’s more, a verified CV, constructed using cutting-edge technology, will enhance an individual’s profile providing them with a great first impression with prospective employers. Put simply, the verified CV increases candidate employability while separating individuals from the competition who are using older, more time-consuming traditional CVs. Blockchain technology is a powerful change agent for broker-based industries. The recruitment sector after all is a broker industry. And now, with blockchain application in recruitment sector, it is seeing the biggest impact from Blockchain Technology.
  14. The United Nations is increasing its efforts to promote applications of blockchain technology to further action on climate change. The UN announced that it has helped launch a new group called the Climate Chain Coalition in January 22, which will aim to research the use cases for blockchain in climate change-related initiatives, and potentially adopt them. As previously reported by press, the UN has been investigating since last May how to create transparent and efficient systems using blockchain that could be applied in situations such as, for example, monitoring carbon emissions, clean energy trading and fund allocation. However, Blockchain technology can also be put to great use in the recruitment sector. The recruitment sector after all is a broker industry. The technology can assist in expediting commodity processes undertaken by intermediaries unlocking valuable capital to be put to better use by employers in growing or optimizing their businesses. What’s more, the blockchain technology ensures that the verification activity is stored securely and permanently for any recruiters or organizations that wish to view it as long as they get the permission of the owners and pay them CVH, a token based on ERC20 in Curriculum Vitae Chain. Blockchain is a powerful change of the whole world.
  15. Deutsche Bank: Blockchain Opportunities Are 'Huge'

    Blockchain technology could represent a major shift in how companies conduct their business, according to Deutsche Bank’s chief investment officer. In a slide presentation this month, Christian Nolting, also the bank’s global head of wealth, and Marcus Muller, global head of the CIO office, explained how digital currencies and blockchains work and predicted where they would go in the future. According to the presentation, the “opportunities associated with blockchain technologies are huge,” and could be fully put into practice within the next few years. The bankers predicted that roughly 10% of the global gross domestic product (GDP) would be tracked or otherwise "regulated" by a blockchain by 2027. The presentation said: “We expect that the blockchain will change the business model of companies in a sustained way. The blockchain technology enables a faster and cheaper exchange of assets and financial products between individuals without an intermediary, which reduces the asymmetry of information between the individuals.” Curriculum Vitae Chain, a life-changing initiative of Blockchain Plus, is using this opportunity to solve the problems that have plagued both the e-recruitment and traditional recruitment by verifying the achievements, qualifications, experience and aspirations that the candidates provide, the recruiters don’t have to take extra time that they may not really have to wade through each application. To avoid unwanted applications, the recruiters will need to be careful as to how they word their job posting and be as specific as possible about the job duties and the qualifications they’re seeking therefore it frees up more of their time for more value-added tasks. And for the applicants, using verified CV increases their employability while separating individuals from the competition who are using older, more time-consuming traditional CVs. When the applicants submit their basic profile data, Curriculum Vitae Chain will verify the details that the applicants provide, namely their chosen educational institutions and ex-employers, in order to infiltrate the false information that can lead to extra work for the recruiters. After that the system will automatically match those verified CV details to job requirements once their CV catch a recruiter’s interest, the recruiter has to ask their permission before the they pay CVH, the token of Curriculum Vitae Chain that is based on ERC20, to read the applicant’s CV. Of course, the applicants can check the recruiter’s information that has also been verified by the system before the applicants make the decision whether give the permission to the recruiters to view their information in their CVs. Blockchain opportunity is huge but the key is how to take advantage of it to solve the problems in traditional industries.
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