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Throw away your resume! The new dynamics of talent acquisition

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Skyllz
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One of the perks of constantly writing about great projects is that you take witness to how the world is evolving in so many different ways. As a reader, the information which you read in an article is presented within a five-minute window. On either side of this window is a tidal wave of information being thrown at you from every angle. It’s hard to really contemplate how things are changing in the world when you don’t take the time to really delve into them. Life can evolve in front of our eyes but because the mind is constantly engaged on so many different things in every moment of the day, we don’t fully appreciate the things which are happening around us.

The employment structure has transformed

Undoubtedly, one of the biggest paradigm shifts in our present era is the dynamic shape of the employment structure. Businesses used to be strictly in-house operations, who looked to employ the best local talent to work on their business premises. The evolution of the internet then opened up a new world. A worldwide talent pool for businesses to select from and also a gateway to financial freedom for anyone who desires it. Everybody now has a world of employment options at their disposal. We are no longer tied down to a 9–5 structure in a job we dislike anymore. The world is free to pursue anything they want to do and have an essential toolbox by their side known as the Internet to guide them every step of the way. A huge percentage of people today are doing just this. In the USA last year, 57.3 million people contributed $1.4 trillion USD to the US economy through freelancing.

Today, the workforce of a company can be extremely diverse with employees spanning across the world. The best talent available isn’t always on your doorstep. Businesses can now easily source the best of the best from all corners of the globe to operate in a working structure most suited to get the job done. The Internet provides them with a tactful, resourceful and extremely versatile workforce. The downside to this process, however, is having to pay excessive fees on various staffing, payroll and recruitment platforms. Third party payment providers charge a fee of 2 -4% of the transaction value, reducing the overall budget for a company and affecting the amount workers will earn for every job they do.

Skyllz has put an interesting twist on the future of talent acquisition. Rather than having a resume or a CV, which an individual will construct and send to applicable jobs, the Skyllz platform is a hub which showcases the talents of that individual. This shifts the focus of acquisition from the qualifications a person possesses on paper to a proof of skill format, where employers can physically search and create work examples to fit their needs on the Skyllz platform.

The Skyllz platform works as a double-edged sword, bringing inherent benefits to the workers and employers operating on it. Due to the acceleration of technology over recent years, we have seen a host of data related jobs, new coding technologies, and new marketing techniques. Many people who have solid experience in these areas, don’t necessarily have a qualification to go with it. Which could be due to being extremely busy in these fields and gaining valuable experience. The Skyllz platform allows workers to forget about building their resume and concentrate on the work which they do so well. To showcase their talent through actual work examples on the platform and build an online portfolio.

Employers now have a structure which allows them to cherry pick the best talent and they can also create challenges for prospective workers to undertake. Getting rid of the painstaking process of sifting through hundreds of CV’s and instead of having a dynamic acquisition ecosystem. Allowing them to pick the best talent based on the key skills they desire.

The team behind the Skyllz platform are the creators of Workkola, a talent acquisition platform with over 20,000 students and more than 1,500 companies on board. Due to the inherent benefits that blockchain technology will add to the talent acquisition ecosystem, the team at Workkola created the Skyllz platform.

Skyllz have scheduled their ICO for the SKT token

When – The ICO is scheduled to happen in Q3, 2018. Exact dates are still to be released.

Token – SKT

Price – 1 ETH = 40,000 SKT

Supply – A total supply of 1.6 billion tokens will be created, with a maximum number of 800 million (50%) tokens to be sold

Platform –  Ethereum

Accepting – ETH

Hardcap –To be announced soon

A link to the Skyllz whitepaper

Where to participate in the Skyllz ICO

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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