The emerging job platform, as an example, is a futuristic Web3 vision that allows users to be reimbursed for creating value while they make their skills discoverable and mutually beneficial. Blockchain technology provides a fair system of evaluation that consists of an assessment of the capabilities of an individual. This new way of employing individuals offers many benefits such as greater reliability in offering work and employment opportunities when no one else can find them, thus resulting in higher profits for the employers who do not have to spend a huge sum for acquiring these services, while also providing greater freedom and pride to those who benefit from this platform.
Web 3.0 designs allow users to benefit from these new platforms and make a viable alternative to the current way of employment. The emergence of this new platform is in line with the process of replacing inherited systems such as the centralized labor market and the old school employment agencies. Blockchain technology ultimately allows users to have a more secure, flexible, and fair way of offering or accepting work.
It provides an impartial system of evaluation that consists of an assessment of the capabilities of an individual. This new way of employing individuals offers many benefits such as greater reliability in offering work and employment opportunities when no one else can find them, higher profits for the employers and providing greater freedom and pride to those who benefit from this platform.
xHashtag brings a new token type on Solana: Soultags, aka SoulSwags. These tokens are minted as non-transferable Soulbound Tokens that can be used as an on-chain credential. The tokens are customizable as per the requirements of the respective project. Three major parameters can be altered or modified during tokenization: representative images, a video, and set a start and end time for Soultag claims. Moreover, depending on the requirement of the project, users can be chosen based on a whitelist.
“Using Soultag Soulbound Tokens, wallet addresses can be humanized without revealing too much information about the owner.” quotes Monica Durga, Founder, xHashtag.
The smart contracts and the functionalities of this new token type are integrated into the Solana blockchain. It also keeps track of users’ activities of how much they have contributed to the project off-chain and on-chain. This unique space encourages users to interact with each other and discover their skills and interests. Soultag SBTs will be used as a utility and in conjunction with the xHashtag platform to make it more secure, flexible, and fair.
xHashtag attempts to disrupt the current job market and positively impact the world. It allows all participants to create a fair and innovative ecosystem that revolutionizes how individuals access jobs, make claims, and get rewarded. The platform makes it easier for employers to access and recruit employees from anywhere in the world as it is free of geographical boundaries.
(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)
Source: The Print
