The first company to develop a platform that allows people to find a job, hire and pay salary in cryptocurrency: Jobchain®

“Jobchain improves the relationship between employer and employee by making the hiring services more efficient.”

Since the creation of Bitcoin and Ethereum, a remarkable number of tools and possibilities have been created for developing a more transparent, dynamic, and evolved society. Daily interactions in society, such as hiring and being hired, and administering assets and finances, need a technology that can facilitate all such interactions in an easy, compliant and transparent way for employers and employees.

The Jobchain^® project started in November 2019 with the vision to accelerate the adoption of cryptocurrency and use it as a mechanism to facilitate the creation of new ways of human and societal interaction using blockchain technology. The project was developed under the supervision of a set of experts and advisors from the United Nations (UN), International Atomic Energy Agency (IAEA), Organization for Co-operation and Security in Europe (OSCE), and United Nations Industrial Development Organization (UNIDO).

The Jobchain^® platform facilitates the accessibility and usability of blockchain technology by integrating financial, recruitment, and asset management services in one platform. It includes an app for Android, iOS, and the Web, allowing users to earn, buy, sell, transfer, store, and rent different sets of assets using cryptocurrencies to impact their customers’ lives positively.

The Silicon Review contacted Jose Bay, founder of Jobchain^®, who spoke about how the platform is making a difference in this segment and plans to stay at the forefront. Below is an excerpt.

Head to Head with Jose Bay, Founder of Jobchain^®

Q. What’s Jobchain’s point of differentiation?

At the core of Jobchain’s strategy is distributing incentives for employers and employees to register on the platform. All users holding JOB Tokens can enjoy benefits in economic terms that will make Jobchain^® and its crypto more attractive.

In addition, for transparency, the platform allows users to give their opinion and rate the services provided.

Jobchain’s network architecture is designed to be fully decentralized and self-sufficient. For this reason, Jobchain relies on proof-of-trust mechanisms to ensure the validity of the verification nodes. Its most outstanding features are: 

• Set of rewards for active and engaged Jobchain users.
• Chain improvement capabilities and incentives for code contributors.
• Security Shield Protocol to ensure information security and reliability of network activity.

The company meets the highest standards worldwide, such as ISO 27001 Information security management systems and ISO 27701 Privacy management system.

Certik and Quantstamp, two of the world’s most advanced formal verification technology for smart contracts and blockchain auditing, have given the green light for Jobchain^® JOB Token Smart Contract. Jobchain^® will continue its efforts to strengthen the platform’s security to guarantee the stability and trust of the Jobchain^® ecosystem.

Q. How does Jobchain contribute to the world’s adoption of blockchain technology?

Jobchain contributes to reaching a solution for over 1.7 billion people without access to bank accounts and social security. It appears to be the next step towards a financial revolution where cryptocurrency is the predominant form of payment, as indicated by the success of his project.

The global unemployment rate could rise to 24 percent in the year 2050. Jobchain improves the relationship between employer and employee by making the hiring services more efficient.

Q. That’s not all Jobchain does. What are its other focus areas?

Of course, the users will have access to their ID wallet, where they will be able to store their identity, allowing them to earn, buy, sell, transfer, store, and rent different sets of assets, including cryptocurrencies. Moreover, they could keep NFTs, real estate, and other valued articles.

In addition to developing an innovative product, we, at Jobchain^®, promote new business models and try to make people's lives easier, especially those who need it most. Our mission is to reach all corners of the world and make them participate in this pioneering technological experience.

Q. No doubt Jobchain is charting new territories in this segment. Given how frequently circumstances change, what plans for transformation are you pursuing to remain relevant now and in the future?

We are aware that the sector is growing and evolving remarkably fast. Therefore, our team is constantly updating according to the rising new technologies. Put simply, Jobchain^® must be ready to react the fastest way facing changes and market demands.

Q. How do you plan to counter challenges that you think Jobchain might face in the next five years?

Jobchain focuses its efforts on making the platform user-friendly and secure as currently one of the impending concerns is cybersecurity and data protection. Besides, the global adoption of cryptocurrencies is still being a pending subject for the people. However, the adoption rate continues to increase, so this is not a challenge per se.

Jose Bay | Founder

Born in Valencia in 1986, Jose Bay highlighted his excellent learning capacity from a very young age, graduating in Physical Sciences from the University of Valencia. In his job at the IAEA, he managed to stand out and rise, reaching positions of maximum responsibility in nuclear cybersecurity. The travels for his work encouraged him to explore a solution that could quickly satisfy millions of people in poverty. Jose settled on a platform that could connect job seekers and employers to make or receive payment in cryptocurrency; that is how Jobchain^® was born.

“At the core of Jobchain’s strategy is distributing incentives for employers and employees to register on the platform. All users holding JOB Tokens can enjoy benefits in economic terms that will make Jobchain^® and its crypto more attractive.”

“Jobchain^® is the first company to develop a platform that allows people to hire or be hired and be paid in cryptocurrency.”