Profede ICO is looking to solve the "broken" recruitment system with a new blockchain-focused networking platform that is designed to better serve job-seeking professionals. According to the Estonia-based company, professionals are currently being inundated with low-quality offers which in turn is leading to a more jaded outcome when genuinely enticing positions are being offered by companies. Profede has also noted that current recruitment platforms charge outrageous fees to give companies access to potential candidates with none of those fees finding their way to professionals.
To solve these issues Profede ICO is utilizing a blockchain-focused networking platform to restructure how professionals and companies interact. The system would allow professionals the ability to choose how much personal data is shared publicly and will allow the individual to dictate how much businesses and other professionals must pay to access their full profile. The information offered by individuals will be housed on the blockchain, thus removing the middleman, and allowing for a decentralized system in which users can be compensated for their personal data.