A Job Search Service to be Powered by Blockchain

A recruitment service job.com with 60 million users is launching the new blockchain platform in the spring of 2018
02 February 2018   176

Job.com co-founder Paul Sloyan believes that the blockchain technology has the potential to revolutionize and solve problems of the current hiring process. In his opinion, Internet is the last innovation that occurred in the recruitment industry several years ago. Nowadays candidates and employers are spammed with the fake listings and irrelevant applications.

Using the blockchain along with job matching technology gives the opportunity to remove recruiters from the equation and focus on the employer and the candidate.

The power of the Blockchain will bring both employer and candidate together. The employer will get a well-matched candidate for less and the candidate will get a forward-thinking employer, increased privacy and control over their data such as qualifications, skills and contact information. The personal information will be kept private until further details are required for employer and candidate to contact.

This technology will allow the 20% fees charged for the recruitment process to be reduced to only 6% paid for employing a candidate. 5% of those 6% will go to a successful candidate as a signing bonus.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   79

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.