Re: [ANN] [ICO] TrustLogics : Blockchain For Trusted And Secured Professional Data

What's the point of this platform? On a reputable employer's point of view, the HR department should take care of verifying the information on an application and in any case, if it's free for an employer then why not but if the employer would still have to pay, then the employer should just hire it's own PSV, just saying.

For the fees, it's the applicant who will have to pay in the platform. I'm not sure about the employers though, since the applicant already paid for the information on his profile, there's no mention of the employer having to pay.

Well, if there would really be no fees for employers in joining and using the platform, then more employers would be encouraged to join since in other platforms, they would have to pay just to access information and pay whenever an applicant is hired.The question is will it be free for employers?

Quote from: WP

4.3.2 Peer-to-Peer Hiring Model
Recruiter posts a new job opportunity and declares a bounty to close that position. TrustLogicsTM AI based algorithm notifies Suitable peers about job posting, who can then refer others within and outside of the TrustLogicsTM Ecosystem. After successful closure of the position, TrustLogicsTM tokens are distributed among all the participants involved. This process is quite effective and reliable, as costs are involved only upon closure of a certain opening and referred candidates are more trustworthy

Not sure, but the one to pay the bounty would probably be the recruiter, so, this is just the same as other platforms, recruiters have to pay when hiring, the unanswered question is will it be cheaper here or at a competitive price?

bounty? bounties are being paid by the team (trustlogics)
bounties are not the issue on this by the way.
the topic is outside of that word.

Just new to this industry but I believe they used the term in the WhitePaper in relation to smart contracts as means of paying respective participants of the said transaction in case the transaction has been completed.

The word bounty sounds different and quite inappropriate since it would mean that those involved in the transaction are going to be bounty hunters but that is not supposed to be what it is.

Yes, that is correct, they should have not used the word bounty here because the transactions involved might be considered "outside of that word" as mentioned above.

The context of the word bounty in this industry are payments made to the bounty hunters who joined the bounty campaign of a certain ICO project and the payments made are in the form of token or coin of the said projects.

What term should they use then? Reading back the quote, it sounds like they are monetizing the recruitment industry since they used the word bounty and also they are monetizing on the applicant referrals since when someone is hired, the peer who referred will get "bounty tokens"

It looks like they're using agent's as peer that will search for more applicants to recommend for the job and if someone managed to pass the hiring process the agent will acquire the reward/bounty from the trust logics, and the more applicant they recommend the more reward/bounty they'll get...