Nowadays, higher education is the basis for finding a good job. Nevertheless, more than half of the new qualified specialists cannot find a good job with optimal working conditions and at least an average level of payment. Existing employment platforms offer work in one country or region, limiting the potential employee's entrance to the international market. Decentralized ECTA platform is a resource for posting freelancer questionnaires that combines blockchain technology, artificial intelligence and communication through advanced technologies. ECTA is available for use all over the world, offering applicants a simple user interface, modern communication tools, unlimited work resources, protection from fraud and low commission fees. Applicants will have the opportunity to find a good job with the help of the project. A customer has the right to give a candidate tasks to confirm good working skills. Now even a student will be able to find a job if the job is successfully completed on equal terms with other candidates. Moreover, the project will help educational institutions to obtain real information about the level of education of their students.
Key features of ECTA
ECTA ecosystem works with artificial intelligence and, thanks to integration with blockchain technology, brings the job search market to a new level. AI technology makes it possible to view daily vacancies in all languages of the world, study their terms and determine competencies. The project is based on blockchain technology, which not only reliably stores information, but also helps the whole team of employees to work effectively and productively, making personalized and quick decisions.
Advantages of ECTA
ECTA project will help companies in need of good staff to find an employee. ECTA platform is struggling with counterfeit resumes of scammers with the help of a dual identification system and SCC-check during registration.
A talented specialist can easily find a job, thanks to an honest system of staff selection. Only knowledge and successful application will help a user to get a job. This is achieved through the complete elimination of external manipulation. Blockchain technology also provides a high level of security. The use of smart contracts will reduce fraud in the network and the risk of non-return of the advance paid for work. ECTA introduces a convenient system of payment between employers and employees through the use of key capabilities of the Ethereum platform and cryptocurrency.
ECTA project helps to understand how a project will be organized, and what position in relation to its development is from the creators. In the future, ECTA smart contracts and AI algorithms can become part of a collective security network integrated with university databases. Thus, each teacher will be able to share graduates' photos and their achievements.
The main feature of ECTA is the use of two types of tokens within a single project. ECTA tokens created in accordance with the ERC-20 standard are required to pay for services within the platform. And ECTA SKILLS tokens, based on the ERC721 standard, are an unreproducible type of token, i.e. unavailable for conversion into other currencies. It is used in the system to reflect the established reputation of a performer. Token is a kind of certificate for the ability to provide services in any field. Each ECTA SKILLS token will contain a definition of the skill required to successfully complete a task. Thus, one person can get the number of tokens directly in proportion to the number of directions in work. Since ECTA SKILLS are nominal, they cannot be transferred to another user even within the project.
ECTA project allows eliminating the shortcomings that exist now in job search. It is no longer necessary for an employee to post CV on multiple sites, and be afraid of not having paid for the work done. An applicant will have the opportunity to acquire new skills and professional development within the framework of the platform. An employer, in turn, gets access to the database of competent employees from all over the world and is reliably protected from scammers.
ECTS cryptocurrency
Services are paid in ECTA PAY tokens, implemented on the basis of Ethereum according to the ERC-20 standard. A total of 1 billion tokens were issued, of which 50% were allocated for sale. The fixed price for 1 ECTA PAY is $0.02. The minimum purchase amount is 0.1 ETH. Now the project is at the stage of the ICO. The project’s softcap is $2 million, hardcap - $10 million.
Summary
Thus, ECTA platform is the ecosystem for freelancers, implemented on the basis of the blockchain and accessible all over the world. Now even a student with a high level of professional skills will be able to find a good job. Employers, when confirming the job of an applicant, assess the level of his/her competencies, which allows other employers to evaluate performers.
The project was launched last year. At the moment, the legal framework has been launched, and ECTA MVP platform of has been completed. In the near future, it is planned to release a beta version of the project, and list it on the leading exchanges. By 2020, the project creators plan to bring ECTA to the international market with a global level of coverage. In addition, agreements have already been signed with dozens of leading educational institutions wishing to become active members of ENA program. Thus, ECTA platform offers a product that is technically ready to be scaled around the world.
Links:
Website: https://ecta.io
WhitePaper: https://ecta.io/ECTA_Whitepaper.pdf
Telegram: https://ecta.io/telegram
Facebook: https://ecta.io/facebook
Twitter: https://twitter.com/Ecta_io
Medium: https://medium.com/@ecta
ANN: https://bitcointalk.org/index.php?topic=4746342.new#new
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.