Canlead improves the idea of the social media that LinkedIn was built on, the sharing economy where Uber and Airbnb found their monumental success, as well as the token ecosystem by which NEO, Ethereum and Libra is building on.
Let’s know the way the Canlead multi-party incentive system can motivate a three-sided market of employers, candidates, and referrers to collaborate and create a fresh “opportunity sharing economy,” as envisioned by Michael Quan, Founder and CEO of Canlead.
Canlead can be defined as a blockchain-based on the web work and business chance sharing and referral marketplace.
A marketplace as the recruiters, or referrers (which could be any among us), are working together within a network of interconnected peers. This is the human being element involved in linking leads with opportunities (that is called a referral). And, as a decentralized system, you will find built-in incentives for everyone become inspired to participate with their best motives.
In the future there’ll be a network of millions of active referrers (recruiters, agents, leads) trying to snatch a piece for the cake, right? Well, Canlead has a remedy for this challenge, too. In purchase to create personalized, engaging, and timely recommendations (be it a job or a business opportunity) to millions of candidates (seekers, buddies, ex-colleagues) and customers (employers, holders, services) referred by countless referrers, Canlead FEEFER Artificial Intelligence will give each opportunity a corresponding weight. This will be among the biggest metrics for sorting possibilities. The most committed and recently interacted opportunities may have higher weightings while opportunities from a long time ago may have reduced weightings.
How does Canlead reward successful referrals? Canlead simplifies the payment process with some advanced smart contracts hosted on the Ethereum blockchain. One of the contracts is the Canlead Fee Staking System Smart Contract (FairOp) in which the consumer or employer is spending tokens to advertise their job possibilities, the referrer are staking tokens with the expectations of getting the provide, also to claim the recommendation (triumph) fee directly within the trustless system that the blockchain provides.
Finally, how did Canlead addresses the Proof of Opportunity and Referral challenge? This are expressed in a formula in which the whole system enforces good behaviours using a combination for the Fee Staking System and new user roles. The staking fee confirms the commitment of the opportunity offered, the referral to feel made and, at same time, provides liquidity towards Canlead ecosystem and its CAND token. The extra user functions like the Verifier who verifies the authenticity of the opportunity and referral, and the Mediator who mediates disputes between numerous parties; consumer, candidate and referrer. Canlead not just fixed the Proof of Opportunity and Referral issue but provides a self-governed ecosystem, so forget about phoney user profiles, fake possibilities and rip-off fees!
Canlead is on the right track, with a skilled team and a working MVP, but only time will inform if a mix of technology and the creation of a network of referrers will resolve the job searching, recruiting and employing frustration. There will still be millions of employment and users on the Canlead platform since these “traffic” might be sourced from Jobfeed and more services but just the five the most suitable candidates can be introduced every single customer’s job opportunity by each referrer. By design, the consumer or boss gets to pick from a little pool of top quality talents and pay a referral fee on each effective hire. So, within the end, human decides, AI supports, and Blockchain will pay. Canlead is simply joining industry, while Monster, Indeed, and LinkedIn failed to innovate in every these years of being within the lead.
Furthermore, Canlead aims to disrupt the $642 billion recruitment markets, like how Airbnb disrupted the accommodation sharing markets, by effectively enabling everyone become a referrer or headhunter – earn payment and kudos for helping friends, peers and acquaintances connect for mutual benefit. The ecosystem unlocks the benefits for the personal network, bringing tangible liquidity towards older expression… “It’s not what you know, but who you know, which really counts”.