Famous Spain-based project Jobchain has developed an intuitive blockchain solution that allows employers to search for talents and pay employees with cryptocurrency, thus saving valuable time. And some of the major enterprises have already experienced the practiceâ€™s benefits in real-world scenarios.
The Goal of Jobchain
There is nothing more appealing to crypto proponents than accessing more crypto income-generating products. Hence, the emergence of Jobchain has found a strong following amidst surging demand for digital assets. The ecosystem proposes radical solutions to the global unemployment and underemployment crises and enables a blockchain platform where employers and potential employees can network.
For Jobchain, the goal is simple: Get as many people to participate in a decentralized job economy powered by blockchain. The platform looks to remove all forms of barriers and offer job seekers added protection against a rigged and centralized system.
But the most notable detail about this project is probably how it strips away cross-border restrictions for job-seekers. According to Jose Bay, the founder and CEO of Jobchain, job seekers only have to submit their details, including experience and education, in a decentralized database insusceptible to hacks. Profiles are readily available to potential employers who could choose to sort talents according to availability, location, and compensation level.
Since Jobchainâ€™s offering is deeply rooted in the ethos of blockchain and decentralization, it also allows receiving remunerations in cryptocurrency. Therefore, Jobchain is not only empowering employees to evade the pitfalls of bureaucracy, but it also offers a financial product innovative enough to shield them against financial restrictions. With JOB, the platformâ€™s native token, employees can receive their salary from anywhere in the world. A similar initiative was introduced earlier this year in Miami, where city employees can receive part or all their compensation in Bitcoin.
Already, significant enterprises have begun to test the viability of this unconventional salary payment solution powered by JOB tokens. One bright example is Spanish league footballers who will start receiving salaries with JOB shortly. There is also a surge in the number of major corporate profiles onboarded on the Jobchain network.
Jobchain believes that crypto payments solve recurring issues encountered when processing paychecks. This alternative payment infrastructure makes fast settlement a possibility. Instead of waiting for days to confirm payments, JOB allows instant settlement at no additional cost.
There is also the possibility of bypassing the overhead cost of paying a workforce spread across multiple countries. Thus, Jobchain optimizes payment processes and offers exposure to an unlimited pool of talents.
Acknowledging that not everyone is comfortable holding cryptocurrency and maintaining a wallet, the project has introduced ways by which people can receive JOB tokens via conventional forms: there already appeared a new option of paying JOB tokens into prepaid Visa cards. With this option, cardholders can use JOB tokens as a payment method anytime anywhere where Visa is supported. You just need to come and see.
Curious to learn more? Stay tuned!
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