CVerification is a new blockchain company hosting an upcoming ICO in July. The goal of this new company is to become the standard for the secure, trust-less exchange of documentation. More specifically, they are aiming their efforts towards current industry recruitment and hiring processes.
Their proposed platform will be achieved through the implementation of a multi-layered platform. On the surface, CVerification will of a simple intuitive interface for users to interact with. Operating behind the scenes of the user interface will be the core services offered by CVerification. This middle layer is what will allow for datasets to be built, and documentation to be authenticated. The base layer, or foundation, or CVerification are both the Ethereum and Bigchain DB blockchains. The Ethereum blockchain will be utilized to execute a series of smart contracts, while the Bigchain DB blockchain will serve as a form of storage.
In their upcoming ICO, CVerification will be distributing a utility token – CVER. This token will be used to grow the CVerification ecosystem. It will achieve this by being the required form of payment (either directly or indirectly). With a fixed supply of 186,000,000 tokens, as the platform grows so will the relative scarcity and value of CVER tokens.
The team recognized an opportunity as there is currently no market solution offering an all-encompassing service for documentation verification and transfer. Solutions that are available are centralized, slow, unsecure, and expensive. By utilizing blockchain and a multi-layered approach, each of these issues are addressed and solved.
The platform will be a boon to employers and employees alike. This is due to the ability to grant employees control over access to their documentation, and assuring employers of the authenticity of them. In doing so, the hiring/recruitment process is greatly expedited. This time saved results in a significant savings – especially for larger companies, as the larger the hiring pools, the more time and money is saved.
As stated, CVerification is hosting an ICO this coming July. The intent is to achieve the initial distribution of CVER tokens, and raise funds to facilitate the continued development of the platform. With a successful ICO the company intends to have a full product launch by mid-2019.
The CVerification team is active on social media. To stay up to date on platform progress follow them on their following outreach channels.
Check out the CVerification whitepaper for full details on their goals, and plans to achieve them.
Below are full details regarding the upcoming ICO. If you believe CVerification has the ability to make waves in this $2billion/yr. industry, make sure to consider using their services!