Many companies are finding it hard to find technical talent, and when they do, they often have to pay high fees to recruiters or job sites. A new decentralized marketplace for talent thinks it can change the traditional recruiting model using blockchain technology and an incentivized community.
Braintrust is a blockchain-based system orchestrated by six separate software companies that takes the middleman out of online recruiting sites. It could be an example of how blockchain technology can be used to establish a trustworthy community of job seekers, employers, and part-time HR personnel.
"It's a decentralized exchange, except for people to get work," says Adam Jackson, co-founder and CEO of Freelance Labs, one of the core teams building Braintrust. "We've started with designers, product managers, engineers, but it could work for any knowledge worker."
When companies post job listings on Braintrust, a community screening system evaluates programmers or designers who seek jobs. So far it has completed 8,300 jobs with an average project size of $67,000. The community review system incentivizes high-quality work, and 82,000 freelancers have signed up so far.
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