With the boost in price, the eyes of the global media are going to be projected on our space, and where there is attention, there is money to be made. A smart project has anticipated this and has positioned itself at the forefront of web 3 businesses. More specifically the bridge between web3 job seekers and web 3 job providers. The internet of Jobs is here!
What Is Work X?
Work X was launched in 2017 and is a job platform that matches job seekers with employers through a unique method. It differentiates itself from other web3 job boards, as it uses the newest technological tools to measure and develop skills of future prospects and job providers.
An inter-enterprise algorithm developed by them is able to identify patterns of high-performing employees, and thereby matching job profiles that promise the highest success rates and minimizing costs. Perfect for both job providers and seekers.
The Internet of Jobs
The Internet of Jobs is an ecosystem created by WORK X to facilitate job matching through decentralized technology. Simply put, it eliminates the middleman, as many blockchain projects have done in the past. It puts itself in direct line with some giants like Upwork and Fiverr, where freelancers can land jobs and people can buy and sell their services.
What happens is that when applying for jobs through these sites, a large portion goes to the middleman, in this case the job marketplace. An unnecessary step if you ask WORK X. This is because The Internet of Jobs allows peer-to-peer connections without commercial recruitment fees and minimized commissions.
What exactly happens behind the scenes is not yet fully disclosed but we know that the process of finding a job or finding workers is quicker and allows for better matching than other job boards.
Features of Work X
- Peer-to-Peer Connections: Users can work together with other professionals without the burden of commercial recruitment fees.
- Decentralized ID: By using a decentralized ID, diplomas, certificates, references, or peer reviews can be controlled on the blockchain.
- Security: Employers can hire with confidence using on-chain references and verify these in real time.
- Generative AI-Assistant: The platform uses personalized AI suggestions for better matchmaking in the web3 job industry. But also for better descriptions, resumes and helping both sides to bring exactly what they seek.
Tokenizing Skills with NFTs
Tokenizing skills is a way to turn various work credentials, such as diplomas, certificates, references, peer reviews, and assessment results, into digital assets that can be owned and controlled by an individual.
Using Self-Sovereign Identities and personal NFTs as a means for users to prove they have acquired the right skills is not a new concept, but the implementation in the job market is definitely new.
Work X’s platform allows individuals to import their credentials into a personal wallet, which then serves as a lifelong digital skills passport. This wallet is a kind of resume where professional achievements are stored and can be shared, while giving full ownership to the individuals.
This is different from the traditional way of job seeking, where employees leave their data on platforms and where they rely on the algorithm of the platforms, sometimes pushing them to the bottom of the list. This is a new approach tailored to power users that are with the web3 revolution.
All Inclusive and Cross Borders
Work X is designed to be open to everyone, so that anybody with a digital wallet has access to potential work and can assemble their own skills passport. A secular place where it does not care if you are black, white, or brown, and only focuses on presenting your skills and experience. If you provide value – you will grow.
On top of that, the platform works with NFTs that can even be used for job matching outside of its own ecosystem. So the platform does not need to be accessed when looking for work, every action can be done with a specific NFT connected to future opportunities.
How Can You Join the WORK’force?
Joining the success stories is straightforward. Visit the Work X platform and follow these steps:
Step 1: Sign Up and Get Started
Embarking on your journey with WORK X is simple:
- Visit the WORK X platform.
- Click on the ‘Sign Up’ button.
- Fill in the required information to create your account.
- Confirm your email address to activate your profile.
Step 2: Unlock all features or use the Free version
By choosing Work X, you’re investing in your future if you choose to level up:
- Purchase your Work X subscription and unlock the full potential of the platform.
- Obtain a Work X Genesis NFT.
- Update your profile with your skills and job preferences.
- Let WORK’s AI technology match you with the best job opportunities.
Step 3: Secure and Fair Job Matching
If you have access to the platform, be sure to find a new job or if you have work, to list your work on the platform.
Simple as that…
WORK Token
The $WORK token for the Work X platform will provide digital access through blockchain infrastructure. Token utilities include getting access to platform services like job posting, skills assessments, courses, and the AI assistant by holding the $WORK token, as tokens will also be needed to pay transaction fees. Also job listings will require a token deposit as collateral to ensure compliance.
Users who hold tokens and provide liquidity to the platform will be rewarded with additional tokens distributed through NFTs. As users achieve things on the platform, they will receive NFTs containing $WORK tokens.
Tokenomics
During the initial token generation event, 100 million tokens will be proportionally allocated for operations such as the private sale, public sale, DAO treasury, platform incentives, ecosystem development, the team, advisors, and strategic partners. Different allocations have vesting periods ranging from immediate unlocking to 24 months post-generation to gradually distribute tokens over time as the platform develops.
European Blockchain Service Infrastructure and Partnership
Work X has a partnership with the European Union, to help them with creating the European blockchain service infrastructure and facilitate EU-wide cross-border services through blockchain technology. With 29 European member states participating in the EBP, Work X plans to leverage this network to launch the ecosystem and attract more users across Europe.
With the World Economic Forum estimating that 1 billion people will need reskilling by 2030, Work X needs to be on track to have everything in order to accurately measure skill gaps and provide critical reskilling recommendations, all done privately owned and governed, and in line with GDPR compliance, and the high integration costs of assessment and education solutions.
Future Outlook for Work X
Daniel de Witte, CTO & Co-founder of Work X, envisions a generic standard that extends beyond the Work X platform, and where other projects leverage this technology.
An internet of jobs that connects everyone directly to each other and where no distinction is made on race or color, but only on merits.
With more than 50 major corporations that are planning to use the Work X platform to list jobs and find qualified candidates, we hope that their dream becomes a reality.
The post Say Hello to Work X: Where Skills and Opportunities Meet on the Blockchain appeared first on YourCryptoLibrary.
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