CVerification, whose name is a play on the Curriculum Vitae of accomplishments, is a decentralized blockchain recruitment and background verification platform designed for the human resources industry. The project dubs itself the “next generation background check platform,” and it’s targeting the disruption of the background check industry, which is a $2 billion market. It’s meant to solve the problem of falsified information on job applications, which according to Cverification occurs more than half of the time across both rank-and-file and executive-level candidates.
It’s not just a defensive tool, however. The CVerfication platform can also be used proactively by job seekers seeking to display to potential employers career history, reviews and references across academia and employment. A key benefit to job seekers is that their personal information relating to work history will be protected on the blockchain, and a disgruntled former employer can’t change anything.
Given the immutable nature of the blockchain, CVerification’s platform can ensure the validity of data and facilitate the exchange of “references, certificates and records” among a trio of participants: “previous employers and educational institutions, applicants and potential employers,” according to the company’s white paper. Job references and other key data that a job applicant provides to a potential employer, such as degrees, licensing, etc., are verified on the blockchain. As a result, hiring managers can identify the top candidates for an opportunity and make informed decisions.
The CVerification platform functions as a dashboard that’s fueled by the uploading and downloading of documents that are encrypted for security. It all begins with registering on the CVerification platform. From there, the process varies depending on the end-user.
For instance, when an employee is leaving an organization, references can be uploaded at this time for a fee that’s paid in the project’s native token. It saves the outgoing employer time when the next employer needs to perform a background check on someone. These very references can then be downloaded by a potential future employer for a fee and with the job applicant’s permission. There are other use cases across various channels in the hiring process.
The CVerification platform is fueled by the ERC20-based CVER token, which users access to the services and features on the platform. It’s built on a trio of technological layers across “top layer/native client, middle layer/CVerification services and base layer/CVerification core built on Bigchain DB and the Ethereum blockchain.”
CVerification is a decentralized and smart-contract-fueled platform on the Ethereum blockchain. The features include a machine learning-fueled candidate search engine and analytical tools. The candidate search tool is accessible to premium users for a fee, and it gives them the ability to search job seekers from a pool of candidates. Meanwhile, the analytical tools provide insight into a candidate’s work history, including identifying the frequency in which a candidate changes jobs or individuals who have been employed at competing companies, for example.
Another feature lets users verify one another, which sounds similar to what you might see on LinkedIn. Future features are expected to include checks across criminal background, ID, drug/health, and driving records. CVerification boasts both a desktop version and mobile app.
CVerification serves participants in the hiring process, most notably employers and job seekers. But it’s also designed to benefit anyone in the networking process across universities, colleagues/team members, internal corporate recruiters as well as third-party recruiting firms and consultants.