Jobchain Brings Cryptocurrency “JOBs” To Job Seekers and Employers Anywhere

The consolidation of once volatile cryptocurrencies since Bitcoin’s introduction in 2009 has resulted in more and more companies offering them to employees in order to receive all or part of their salary. Job chain Founder José Bay believes that this normalization of cryptocurrency is a solution to global payment problems and that its platform can provide financial security services and solve the global poverty problem once and for all.

A quick overview: cryptocurrency and blockchain

In simple terms, blockchain enables a public record (the block) of all transactions made in a cryptocurrency to be managed in a decentralized database (the chain). This allows unsecured parties to access an indelible digital record of peer-to-peer transactions involving cryptocurrency. This is an entirely electronic form of funds that can be securely transferred from one user to another without the need for a central authority (i.e. a bank).

In addition, cryptocurrency is a far better payment method as it uses a unique method of data storage to provide a highly efficient process with speed, security and transparency. But why should this be of any remarkable interest? By connecting to Jobchain to make and receive payments via cryptocurrency – in particular the job currency of ‘Jobs’ – Employers and job seekers benefit from using the blockchain:

  1. In the event of a hack, the damage is reduced because information storage is decentralized
  2. The supply chain becomes transparent and eliminates the problems of theft, counterfeiting and loss of goods in the traditional supply chain
  3. Thanks to the higher speed and efficiency, employees can access their salaries immediately – blockchain is available around the clock
  4. Decentralization reduces transaction costs as there is no third party (ie a bank) to be paid.

History of the job chain

The concept behind the company was originally developed by its founder Jose Bay in 2019. The trips he made for his previous work as an officer in the International Atomic Energy Agency inspired him to seek a solution that could easily meet the needs of millions of people in poverty. Jose chose a platform that could connect job seekers and employers and make or receive payments in the form of cryptocurrency.

Jose Bay, Founder of Jobchain.

Jobchain is the first company in the world to develop a platform that allows everyone to find JOBs and get paid in cryptocurrency. This enables a solution for over 1.7 billion people in the world without access to bank accounts and social security. This appears to be the next step towards a financial revolution where cryptocurrency is the predominant form of payment, as evidenced by the success of his project. In addition, Jobchain has won an international competition for the best blockchain company in the world and has also won several competitions for listing its native cryptocurrency JOBs in several well-known global crypto exchanges. In 2020, JOBs saw the world’s largest increase in value of all cryptocurrencies.

Why use jobchain?

Jobchain streamlines the job search processes for job seekers and job search processes for employers. For those looking for work, just enter your details, education and experience into Jobchain’s ‘wallet’ feature. This information is stored here so that employers can review it at will. Employers can choose between the profiles uploaded to the platform, sorted by location, availability and compensation level, in order to find their ideal candidate. This significantly increases the efficiency and speed of both parties in their job search.

Getting paid in cryptocurrency as opposed to traditional payment methods (and using them to purchase) may seem daunting and confusing, but in reality it is incredibly intuitive and convenient. Job chain enables customers to set up a ‘jobchain wallet’ that acts as a bank account where they can receive, send and store cryptocurrency. After the user data has been filled in and verified, a user can receive a salary in the form of tokens.

If a merchant does not accept cryptocurrency as a means of payment (e.g. bill payments), JOB tokens can alternatively be deposited onto a prepaid Visa card. From here, the credits can be used anywhere Visa is accepted. This enables payments with JOB tokens all over the world.

This award-winning platform offers a unique solution to the global problem of poverty caused by difficulty in finding work and is a step towards introducing cryptocurrency into everyday life.

Recent articles

Crypto exchanges struggle as El Salvador adopts Bitcoin

Today, Bitcoin is becoming an official currency in El Salvador, and the markets and crypto exchanges seem to be struggling. On...

Schools are back – and time to comply with the ICO’s Age Appropriate Design Code

As of September 2, 2021, the United Kingdom's Information Commissioner's Office ("ICO") expects organizations to use their Age Appropriate Design Code ("AADC"). The...

the ICO wants input on when personal data goes international

You don't have to be a data-focused IT service provider to realize that the UK was lucky enough to receive an adequacy decision from...