R_Block - Decentralised Hiring Network & Career Ledger

About R_Block

Our unique solution to the problems in referencing will be the framework for a tokenized careers ecosystem, and will develop to become a self-sovereign identity management technology. The employment history data itself will become a core part of identity verification. Every Worker has an employment ‘digital fingerprint’ which can be used to uniquely identify them. Years of credibility and performance proof is a powerful identity claim, like no other. Made possible by reference data in the R_Block network. Our view of the state ICO market: We're planning a Coinception token sale in December. We're trying to bring some legitimacy to ICO's. By being transparent about running the token sale like a Kickstarter campaign or traditional funding rounds. We're distributing a small exclusive supply of tokens, with a clear utility, over 3 token sales or Coinception events. We're the first (hopefully of many) to try this and we're one of few to be running the sale on UK soil.

R_Block resells token sales until December 20, 2017. The company intends to distribute 900,000 tokens - 30% of the total 3,000,000 tokens made. The CV token is an ERC20 compatible token, which can be used to pay for any platform services.

R_Block is a start-up blockbuster that offers a solution to the problem of getting this trusted link in the recruitment process in the form of a SaaS platform that can be used to locate and update reviews in the recruitment process. According to R_Block, 3 types of participants will be involved in the SaaS platform:

> Recruiters,

> Applicants to work,

> Judges, those who will provide reliable reviews taking into account the true candidate's abilities.

This digital ecosystem will ensure the safe and reliable exchange of information for all stakeholders.

R_Block Problem

References supplied by an ex-colleague are the most reliable way to authenticate a worker's’ competencies and the best indicator of their long-term performance. Ten years ago References were the primary measure for gauging Workers’ competency; today, however, References have lost their value in the eyes of recruiters, employers and even workers themselves. What’s changed?

R_Block Solution

We have built a unique SaaS tool which seamlessly integrates into the hiring process to rejuvenate referencing. This tool is the unfair advantage R_Block has over other emerging Blockchain hiring solutions to attract users to build out our tokenized careers network (28).

Tokenization enables R_Block to put the right incentives in place for Referees to share quality reference data.
R_Block empowers workers by giving them the opportunity to own this data and monetise it by becoming searchable and contactable.

Once this network has been proven can we realise our vision of becoming a identity proof relied upon for high level identity claims.

Application Architecture

The application is being built on the Ethereum blockchain [1]. R_Block will run on a consortium blockchain [19]. A set of rules will govern access to the network and determine which blocks have permission granted to the various actors in the system. Relevant access permissions will be assigned to each Worker [10]. Access to Reference and CV data will be granted to the job seeker via a permission protocol such as Permissioned Blocks [3]. The Worker will be able to securely share their profile (CV/Reference information) with an employer because R_Block encrypts Workers’ profile data using the public key of the employer to whom they wish to give access. R_Block adds Reference data to a private IPFS network and sends to the employer an IPFS hash that is encrypted using the employer’s public key. The employer can use their R_Block private key to decrypt the Reference. R_Block also stores a copy of the IPFS hash for administration and control purposes encrypted with the R_Block system key. The Employer and Worker public/private keys will be managed by the platform and remain valid as long as the applicable account is funded and in credit.

The Worker will have complete control over their reference data/CV and who has access to it.

CV Token Features

The R_Block payment token is called the CV token or ‘Credo Verification’ Token. A Credo is a set of beliefs, principles, or opinions that strongly influence the way a person lives or works.

Niall Ferguson [26] writes, “It is no coincidence that in English the root of 'credit' is credo, the Latin for 'I believe’.” The References that are supplied through the R_Block platform will - for the first time ever - give companies a solid belief in the abilities, strengths and character of potential employees before they meet them and subject them to substantially more expensive psychometric and interview testing protocols. R_Block allows a company to efficiently and simply filter the best candidates for the particular role they are seeking to fill before they meet them.

Token Facts

3m Total CV Tokens
£6 million hard cap on 1st Coinception sale
30% sold in 2017 Coinception sale
900k CV tokens sold in 2017 Coinception sale
1 token = £10

Token Distribution

60% of tokens on sale over 3 annual Coinception events
15% Team & Advisors
19% R_Block foundation
6% Bounties & incentives

Coinception Sale

A token sale is the perfect way for R_Block to kickstart the growth of our community. We are using the Coinception events to acquire customers for the platform in a measured and transparent fashion.

We will be holding three Coinception events, we predict they will be annually 2017 (30%), 2018 (20%), and 2019 (10%). Each event will be triggered by nearing network capacity.

We will be releasing bonuses in these annual events for previous years sales, as well as conducting token buybacks with the remaining 50% of the reference transaction fees.

We are dedicated to proving value in our platform and our token. The price of tokens in future sales will reflect this. Releasing just 30% of supply and capping large investments in the sale, we should have the right amount of tokens in circulation to reach network capacity by Dec 2018. Therefore when we near 2018’s Coinception predicted event date the token should be reaching capacity. The community is pivotal to the project's success for a number of reasons: We need to establish validators in our community for our POA consensus. The community will be a key part of the project and its decentralised governance. Community members who commit to the project at an early stage can help shape the features and mould the service in the way that they want. The Coinception token sale offers the community a chance to buy R_Block services at a discount, in return for backing the project at a risky stage.

Use of Token Sale Funds

50% - of the token sale funds will be used for building the team and the technology. We will be showing an MVP (minimum viable product) demo of the product before the general sale to demonstrate the preliminary Saas technology. This demo will be a stripped-back, minimum viable product. The identity verification functionality (arguably the most complex piece of the platform) will still be under development. The representation of references on the Blockchain will be developed so that they can easily transform into an interactive CV.

30% - of the token sale funds will be used for marketing, ensuring R_Block rapidly and sustainably grows a base of loyal, happy customers who are also active advocates of the platform.

15% - of the token sale funds will be spent on business operations. The scale of the operations costs correlates with the speed at which the team scales.

5% - of the token sale funds will be used for legal costs which ensures our customers, token owners and participants are being looked after by one of the UK’s top law firms. This will help ensure the protection of our community during the sale and beyond.