Profede ICO Review - Professional Protocol in the Blockchain

Profede – decentralized, fair and transparent ecosystem for all professionals and businesses in the blockchain. Presale is Live! Check their website for more info on the ICO. 

  Ever heard of online employment portals or job market sites? These are third-party websites, wherein, you can connect with employers and businesses and market your skills and abilities to get hired for a job or a project. By doing so, you would need to provide a detailed overview of your work experiences and qualifications for all interested employers to review. 

  This scenario – providing all your information on online job portals – already became a norm. However, without realizing it, you are putting yourself at risk. Why? Because you are not in control of who can access your data. All employers and businesses can get hold of your uploaded data anytime, even other applicants in some cases.   

  Third-party websites just don’t have it in their system to protect these valuable personal details or at least allow professionals to decide when and to whom should their data be disclosed.  

  This is the issue that led Profede to create a decentralized protocol within the blockchain and launched their ICO to protect and give professionals the freedom on how their data should be used – it’s their personal data, of course, they have all the right to take full control of it.  

 Let’s take a closer look and see how it works and how it will benefit professional and businesses alike. 

The Profede Protocol

                         

  As mentioned earlier, the Profede protocol is a decentralized ecosystem within the blockchain, wherein, professionals and businesses can connect directly. In this protocol, interaction between professionals-to-professionals and professionals-to- businesses will be direct – without an intermediary to facilitate the communications between parties.  

  With this peer-to-peer interaction in place, professionals will have full control on when and to whom their data should be disclosed. They will also have the power to select the amount of data they want to make public – this only shows that Profede values professional’s privacy and anonymity.  

  And probably the coolest feature of this protocol – professionals will get paid every time a business uses their data for a job offer.  

  In traditional third-party job portals, the software creators are the one reaping the all benefits from selling users’ data to businesses, some are even charging professionals with fees once hired by employers within their system. So, this “earn from data access” and “no intermediaries” features of Profede’s protocol would be a real game-changer.  

  To get the protocol in action - the Profede group closed a partnership deal with beBee (social platform 12 million professionals), they will be the first to incorporate Profede’s protocol in their system.  

Advantages for Professionals

• Professionals have full control on their data. Disclose as much and as little data as you want.
• Professionals get paid for their data.
• Professionals can freely set their price for businesses.
• Professionals are enabled to provide feedback rating and a portable professional profile.

Advantages for Businesses/Employers

•  Due to the absence of intermediaries and access to targeted selection of professionals, businesses will save time and money.
•  Businesses are not required to buy service packages/subscriptions. They can only purchase the data they need.
•  Businesses can review professional feedbacks prior to establishing a contact.
•  Community-verified professional profiles are able for businesses to access.

Advantages for Apps/Platforms

• With Profede’s “incentive program” for professionals, apps will easily encourage more users to join their community.
• Apps and platforms can conveniently offer services in a large scale and need not to start from scratch.
• Apps will be incentivized with tokens every time a business contact the users in their system.

ICO Details

Token: PATO 

Total Tokens: 6 Billion 

Tokens in ICO: 3 Billion 

Price: 1 PATO = 0.01 USD 

Soft Cap: 1,500,000 USD 

Hard Cap: 20,000,000 USD 

The Verdict

  Is Profede worth having in your portfolio? At this point, there is no sure answer to this. But the thing that can surely make this protocol successful is when a large number of professionals, businesses and platform signup and make the transition in using the Profede protocol.  

  However, the partnership that they established with beBee is quite a big deal to bring in more people to use the protocol. With beBee having 12 million existing users would be a good number for Profede to start with.  

  In terms on how the protocol has been designed within the blockchain, it is ingenious. The fact that Profede gives back the power to professionals in having full control over their data and privacy is simply impressive. Not to mention, the opportunity given to professionals to earn tokens when their data has been accessed – which seems to be quite generous.  

  Another is the economical, time-saving and easy startup features for businesses and apps. Businesses can take advantage of the decentralized ecosystem of Profede and apps can conveniently use the protocol without getting burned with “starting from scratch” scenario.  

 To sum it up, there are a lot of benefits that professionals, businesses/employers and app owners can get from the Profede protocol. The only question is, will this platform reach the level of the biggest networks in the industry to make it a success? Well, with all the benefits on the table, it is possible that a lot of users would consider transitioning to Profede and if the group would also find a way to effectively encourage people to make that change, then, it is with no doubt that the number of users in the platform will grow. 

Website: https://profede.com/en 

Whitepaper: https://profede.com/profede-whitepaper