Please describe Profede to our readers.
Profede is a blockchain-based protocol that brings control, power and transparency back to users over sharing their data with others. Profede allows users to decide with whom they are willing to share their data, how much of their data they are willing to share, which parts of their data they want to share and for how much they want to be compensated in order to share their data.
Today we are bombarded by contact requests and mails on various platforms that make billions from owning our professional data such as CV’s, contact details, and more while the data creators receive nothing.
Profede’s blockchain-based protocol was designed to help professional users gain back control, power, and privacy from the jeopardizing methods which currently exist. Professional users set a price that they are willing to accept for responding to those contact requests and mails and decide who they want to approve contact with, making users the main participant in the profit equation.
Users earn tokens each time they approve of sharing their contact details and responding to an offer, so that they always feel fairly compensated for investing the time and effort to study proposals.
It’s time for professional users, who are the real data creators, to rightfully make a profit from responding to offers, and be added to the value chain.
Just how broken is recruitment and data-sharing at the moment and what solutions do you offer?
In today’s online industry users not only don’t have total control over their data but they are not part of the monetization equation either. Users give and share their data away everyday to use free services from big companies such as Amazon, Google or Facebook and recruitment websites such as Indeed, SimplyHired and more. Data analytics firms get suspended all the time yet we continue to see big data breaches. Profede wants to turn this around by giving the power to the professionals with blockchain and offering the chance to earn tokens each time they approve of sharing their contact details and responding to an offer, so that they always feel fairly compensated for investing the time and effort to study proposals.
Recruitment websites that we use often offer their platforms for users free of charge or with monthly payments for premium services while they charge companies large amounts to post jobs, search for candidates and target users to sell their product or service. Profede aims to revolutionize this current system by getting the businesses, apps or professionals to request contact directly with the user they are interested in without the need for an intermediary. The requesting party will pay a pre-set amount to the user in order to receive their data. Profede brings control, security and transparency to enhance and improve the recruitment industry.
Profede wants to empower professionals so that data leaks and scandals such as those of Facebook recently can be prevented. The transaction of data sharing on Profede only occurs when one party solicits to contact for a certain amount of tokens that has been pre-set by users and the requested party accepts. Only once authorization through a response action has been made is there a release of data ensuring that the data is protected and that each transaction is transparent. Profede’s process ensures that information is accurate and comes from the official source, the data creator themselves rather than as is the case of many cases from another party and is often outdated data.
In this very broken recruitment and data-sharing industry Profede offers these solutions:
◊ Data creators become part of the profit equation
◊ Cost efficiency
◊ Verified data improves and speeds up the HR process
◊ Talent acquisition from scalable searches through massive datasets
◊ Data privacy and professional anonymity
◊ Incentives to participate in the recruiting and social selling markets
◊ Portable professional profiles and feedback ratings
Through blockchain technology the recruitment and data-sharing industries will see rapid and continued change. Businesses will be able to find talented professionals much quicker and directly, while professionals will benefit from earning each time they are contacted for their data. HR functions will improve, simplify and be more effective through blockchain technology. As data is verified and validated the recruitment process can become more dedicated in putting the right profiles with companies that with jobs looking for their skills and also personalities. Time can be dedicated into enhancing the employee experience as Profede’s protocol makes the rest of the recruitment process easier and more effective.
Why should companies and individuals sign up to your protocol rather than use traditional intermediaries?
◊ Traditional intermediaries don’t compensate data creators, but data creators should be compensated for their data and for sharing it. Why should the big companies make money from your data? In the recruitment and data-sharing industry this model is going to revolutionize and users will want to use protocols that compensate them and add value.
◊ Companies and individuals shouldn’t pay outrageous fees that intermediaries charge, especially when the results can have a low success rate. Profede offers cost efficiency in that companies target relevant and updated profiles.
◊ Intermediaries often charge companies for outdated profiles and have a lengthy process. Profede offers verified data which increases the efficiency and speed of the HR process. Intermediaries are no longer necessary.
◊ Profede offers scalable searches through massive datasets to have successful talent acquisition, which intermediaries charge large amounts for and may not actually have access to such massive datasets.
◊ Intermediaries often use third-party data, whereas Profede ensures data privacy and professional anonymity in an industry that needs to become more secure and transparent.
◊ Profede offers incentives to participate in the recruiting and social selling markets. Users can interact and engage on a global scale to be prfitable as blockchain provides a powerful technology where parties can trust each other to engage in mutually beneficial co-transactions without the intervention of a central authority. Profede believes that a blockchain-based system is appropriate to enable professionals and businesses to connect directly in a mutually beneficial market activity along the entire value chain.
◊ At Profede users have portable professional profiles and feedback ratings which intermediaries don’t offer. Users data will forever be stored on a ledger, so that they can always access and modify their profiles without the need for intermediaries or to rely on a central authority.
What’s the future of Profede?
Profede is aiming to be a protocol that infinite apps, businesses and professionals use to gain back control, power and transparency. Our protocol is going to be launched on the beBee platform which has 12M users, meaning we will have a very quick market entry! As blockchain technology enables a much needed change in the recruitment and data-sharing industries, Profede’s protocol should have rapid adoption and have huge potential. Businesses will be able to find talented professionals much quicker and directly, while professionals will benefit from earning each time they are contacted for their data. HR functions will improve, simplify and be more effective through blockchain technology. As data is verified and validated the recruitment process can become more dedicated in putting the right profiles with companies that with jobs looking for their skills and also personalities. Time can be dedicated into enhancing the employee experience as Profede’s protocol makes the rest of the recruitment process easier and more effective.
We’ve currently raised more than $3M in our pre-sale and will start our public crowdsale on the 1st of July. We are heading on a roadshow to Singapore, Seoul, Hong Kong, Tokyo among other Asian cities to promote our ICO to speak with investors and funds with the hope of reaching our hard-cap of $20M.
Profede is in talks to sign partnerships and collaborations with apps and businesses so that the protocol will be adopted by countless users globally.
I see that you’re Estonia-based. Is Estonia an exciting place to invest in? Why/why not?
As Estonia is a crypto-friendly country, Profede has chosen to be based here. Estonia is a tech-friendly country that has welcomed innovations such as blockchain technology.
Estonia not only offers an established system that is crypto-friendly in terms of regulations, taxes, laws and culture but this can be seen in Estonia’s proposal to start their own government ICO, Ethereum-based token, Estcoin.
For Profede, we chose Estonia because e-business is very important for us and Estonia offers superb access to international payment service providers, digitally signing documents, declaring taxes online and more. Estonia’s e-residency program was also very easy and efficient in order to register online and to set up Profede. As Estonia welcomes investors worldwide and has crypto-friendly regulations towards ICO’s and cryptocurrency investments Profede can enjoy these benefits from being registered in Estonia. Estonia offers Profede competitive taxes for Europe and low operational costs while offering legal rules and regulations that are important to follow, which made it an easy choice for us to choose to register in Estonia.