Blockchain is the new big thing on the block. A blockchain,originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data.By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires collusion of the network majority. Hence, making it secure and the next big thing in the industry.
SpringRole is once such blockchain. SpringRole is a Science Blockchain portfolio company. SpringRole is the platform that furthers that vision by focusing on having verified professional profiles online. This innovative comapny was incepted in year 2014.
The Global Product Innovation Group of software company Meitu (Meitu GPIG) has begun using the SpringRole blockchain protocol to issue certificates that validate employment information for internship candidates, allowing students of leading colleges in India to certify their experience using the SpringRole professional network.
SpringRole, a startup using industrial blockchain and the SPRING utility token to streamline verification of career information in India, is working with Palo Alto-based Meitu GPIG, which is the creator of the popular apps Airbrush and BeautyPlus Me that are installed on more than 100 million devices worldwide.
Mingyang Song, head of global product innovation for Meitu GPIG, mentioned,
“We’re a distributed company, and validating the educational credentials, work experience and skill sets of applicants from all over the world is a challenge,”
He further added
“SpringRole gives us a way to validate critical resume information in a trustless, blockchain-based format where we can easily and quickly interact with candidates to find the best fit for our growing software business.”
SpringRole is focused on solving the challenges of hiring technical professionals, especially in countries like India, for outsourcing and global services arrangements. Blockchain technology is coupled with the SPRING utility token for attestation of educational and certification attainment, validation of work history and scoring of professional network referrals for skill sets.
Kartik Mandaville, founder and CEO, SpringRole, while talking about this development mentioned,
“The partnership with Meitu GPIG is a perfect example of the value SpringRole can provide to companies hiring talent in India,”
He further added,
“Students will gain a validated career profile that they can use in the future, and Meitu GPIG will streamline the process of finding and contacting relevant candidates with attested and validated experience and skills in India.”
The SPRING utility token to solve the problem of validating career information on resumes while putting ownership of career information in the hands of individuals, not corporations
The company is executing on an aggressive product roadmap, targeting a general availability rollout over the course of this summer. The company’s goal is to initially penetrate the Indian market for technical professionals, which will make SpringRole a valuable asset to U.S. and European companies that are setting up offshore capabilities in India.