The Blockchain Revolution - Helping People & Companies

What is blockchain technology?

Blockchain is the digital and decentralized ledger that records all transactions. Every time someone buys digital coins on a decentralized exchange, sells coins, transfers coins, or buys a good or service with virtual coins, a ledger records that transaction, often in an encrypted fashion, to protect it from cybercriminals. These transactions are also recorded and processed without a third-party provider, which is usually a bank.

Why was blockchain invented?

The main reason we even have this cryptocurrency and blockchain revolution is as a result of the perceived shortcomings of the traditional banking system. What shortcomings, you ask? For example, when transferring money to overseas markets, a payment could be delayed for days while a bank verifies it. Many would argue that financial institutions shouldn't tie up cross-border payments and funds for such an extensive amount of time.

Likewise, banks almost always serve as an intermediary of currency transactions, thus taking their cut in the process. Blockchain developers want the ability to process payments without a need for this middleman.

How Will Blockchain Help People And Companies?

Personnel selection is the area where the blockchain will give a new leap in the development of relations between people and companies. A unified system of verification of and performance indicators will open new opportunities for recruitment. 

How will this help?

• Employees with a good reputation to find work faster.
• Companies to save time and money in hiring employees.
• Quickly assess the competence and professionalism of people.

The Solution

Profede is using blockchain to bypass the intermediaries in the professional world and create a direct connection between professionals and businesses. On the Profede Professional Protocol​, professionals control their personal data and get paid each time businesses access it to offer them a uniquely targeted job offer, a commercial offer or a specific business proposal.