We, at TrustLogics, aim to streamline the global recruitment industry’s inefficiencies — fake resumes, faulty hiring, lack of background verification, data loss — by harnessing the immutable and secure characteristics of blockchain technology.
We strongly believe that we can breathe fresh life into the hiring process for both Professionals and Independent Service Providers by utilizing Smart Contracts and certified background validators.
We intend to establish a platform where:
1) Jobseekers can get their professional milestones verified, by TrustLogics ecosystem users or 3rd party certified & partnered validators
2) Recruiters can use power of Peers who can refer suitable candidates for posted jobs
3) Independent Service Providers (Blue Collar contractors) can benefit from background checks and build shareable Digital portfolios containing reviews, ratings and reputation levels, which will eliminate middlemen/service websites
In a highly complex workforce marketplace, TrustLogics is aiming to streamline the process of global hiring by creating a platform for ensuring identity protection in professional data and normalizing the necessity of verified profiles in the recruitment industry. We at TrustLogics, aim to rectify $428 billion global recruitment industry's inefficiencies for both professionals and independent Service providers. We are a live application with more than 100,000 registered users and several partnerships.
Platform Features
1) Build Trusted Profiles Jobseekers can get their personal and professional information verified by • 3rd party certified & partnered validators and • Using Reputation Building System (RBS)
2) Reduce hiring cost with Peer to Peer hiring model Recruiters can use power of Peers who can refer suitable candidates for job listings. As candidates are referred by peers, verified and trusted candidates are expected. We believe this process reduces the time taken for hiring suitable candidate and cost involved in hiring.
3) Help Independent Service Providers (ISPs) ISPs, who are self employed contractors, who pays service websites to get contracts, can benefit from background checks and build shareable Digital portfolios containing ratings and reviews, which will eliminate middlemen/service websites. This will help in brining down the costs which are spent by Service Requestors and increase ISPs profit. TrustLogics is aiming to develop a hybrid approach to its blockchain solution: a private blockchain to store and retrieve data; and a public blockchain to record transactions. This approach helps us in scaling the Blockchain solution to hundreds of millions of users.
Technical Approach:
TrustLogics is aiming to develop a hybrid approach to its blockchain solution: a private blockchain to store and retrieve data; and a public blockchain to record transactions. This approach helps us in scaling the Blockchain solution to hundreds of millions of users. A REST API wrapper will be implemented on top of the private blockchain for read/write operations.
Hyperledger will serve as the private blockchain (to store data), and Ethereum will serve as the public blockchain (to record transactions). Hyperledger will be cloud-hosted on Amazon AWS with the necessary libraries and API end points.
Current major Partnerships:
AIESEC - AIESEC enables leadership development through global internships in more than 127 countries.
Republic of Suriname - Republic of Suriname is a north-eastern South American country with a population of more than 550,000.Republic of Guniea - Republic of Guinea is a western African country with a population exceeding 12.3 million.Hispanic Health Coalition of Georgia - HHCGA advances health policies to improve medical access for more than 920,000 Hispanics in Georgia.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
ICO and STO and IEO advisor Rated on May 14, 2018 Modified on Jul 16, 2018
4
1
1
7%
Numerous experienced team, interesting business idea. But the whitepaper is too short with almost no numbers just schemes and words. No marketing, financials or business planning. Still not improved
ADVISOR | CONSULTANT | EXCHANGES Listing Rated on May 19, 2018
5
5
4
7%
Good and well formed experienced team. KYC verified
Already has MVP and two partnerships
Product is good, vision is good. There is a huge market and competition also. But with experienced team i feel they will deliver the promise
ICO Consultant | Influencer | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead Rated on Aug 14, 2018
3
1
1
7%
Good team but not much experienced blockchain technologists!
Poor whitepaper - doesn't contain much info financial and that can be helpful for investors.
Why jobseekers care about blockchain!! Had similar ICOs in past which failed and couldn't keep up-to the market!
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on May 28, 2018
4
4
5
6%
Appears to be a capable team. They are not the first players to the table however they are dealing in a market that has hundreds of millions of participants and the adoption rate curve will be flatter for this segment than other areas. They also have a working product which is a positive.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent Rated on May 26, 2018
5
5
5
5%
In my opinion, I love that you are using hyperledger, and your project I think makes sense. My only concern is of course bad data, but this could be sorted out by AI in some ways. There are tons of data companies in the USA, where people use this service to buy generic data where the buyer thinks the data is accurate but it’s not. In fact the buyer of the data doesn’t read the terms of service agreement where it says “this data may not be accurate”. So maybe I overlooked this in the white paper, but how do you plan on preventing garbage data?
The team is experienced, props for KYC verification too. MVP is available and the vision can be successfully accomplished with the right push and guidance. Clamping down on fake data is something that I personally look forward to in the near future.
Founder and MD, Famous Publicity Ltd Rated on Jun 16, 2018 Modified on Jun 16, 2018
5
5
4
5%
This ICO has an excellent team with founders having strong experience in the recruitment industry. The proposition is very well thought through and communicated well. The white paper is informative and well explained. The branding and the brand name is the icing on the cake. 'I'm in', so to speak.
Investor and consultant. Built technology used by billions of people. Rated on May 29, 2018
5
5
5
4%
+++ Extensive and high quality team.
+++ Real market need (I would want to use this when recruiting).
+++ Working MVP.
- Crowded space but so are most viable fields.
Chief Excutive Officer at United Capital Investments s.a. Rated on Aug 21, 2018
1
1
1
4%
I am sorry but this ICO looks so suspicious, i do not see any value in it, specially the team looks not so into the blockchain. Also too much money asked in the hardcap, why you need all this money? Also being located in the Cayman Islands, it means totally the board members are anonymous. Which raises also another red flag, i do not see that this Token will have any value now nor in the future.
ICO Investor and Advisor | SMOTION Founder| MDes Industrial Product Design | Industrial Engineering Degree Rated on Jun 12, 2018
1
1
1
4%
I see tremendous and obvious similarities with other initiatives in the crypto space, not only in the project concept but also in the performance, the ICO structure and services. I would like to have seen an innovative approach to the HR and recruitment industry, taking into account the enormous potential of the blockchain technology for real and current people needs. Do not imitate, innovate.
Sujith kumar AchuriICO team member replied on 13 Jun 2018
Thank you for reviewing our project. Our primary objective is to rectify the inefficiencies prevalent across the hiring and staffing industry. To this end, we have identified verification of professional data as the key to transforming key global recruitment processes. To our dismay, we noted that no other project out there is tackling this issue in a viable or innovative manner.
To our knowledge, no other project (currently under development or already live) has gone to an extent to innovate and leverage the capabilities of blockchain for revolutionizing this industry.
We respectfully disagree with your view that only innovative approaches are necessary to streamline the HR and recruitment industry. We strongly believe that an approach can be innovative only when it is solving real problems in a viable and sustainable manner. We are already well on our way to doing that with a growing platform populated by 100,000 active users.
ICO Advisor | ICO Consulting | Project Review |MBA Finance and Strategy |9+ Years of Corporate Experience | Crypto Trading and Investing Rated on Jun 7, 2018 Modified on Jun 7, 2018
4
3
4
4%
Tokenomics seem to be weak as the Founder share is significant as compared to other peer projects in this space. This space is highly competitive and team would require a very strong marketing plan to penetrate. Currently too, almost every company conducts a background check of the candidate it hires, though through a different channel. Utilization of Hyperledger though is interesting and a promising move but in my opinion, using this solution will still take few years.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Completed market research and 1st draft requirement draft.
2
May 2017
2nd draft and Web UI/UX finalization and implementation.
3
July 2017
Business pitches to International Goverments.
4
September 2017
Mobile UI/UX finalization and implementation.
5
November 2017
Web application beta launch.
6
January 2018
50k registered user milestone achieved successufully; Android and iOS mobile application launch; Started analysis on implementing Blockchain for TrustLogic.
7
February 2018
Several Partnership signed.
8
March 2018
Whitepaper finalization and TrustLogic.io website launch.
9
April 2018
Token Salw proceeding and building partnerships.
10
May 2018
Pre-Sale & Earn coins feature integration to existing platform.
11
July 2018
Crowd sale.
12
September 2018
Token distribution and Blockchain POC.
13
December 2018
Verification system implementation.
14
May 2019
Peer to Peer hiring model implementation.
15
August 2019
Reputation building system.
16
December 2019
Digital Portfolio for independent service providers.
