TalentSnap ICO Review

haminhdiem (25)in #ico • 6 years ago

What is TalentSnap?

TalentSnap is building zero-knowledge proof technology that will automate the hiring process. Talent Snap is a project made to correct the problems made within the hiring industry. For instance, it’s currently difficult for new employees to obtain a job through the traditional hiring process. Current centralized AI hiring methods are considered unfair to most applicants. They limit human potential by making decisions on personal data you wouldn’t want to be disclosed. Their AI tech is based on our technology called FitScore, which analyzes thousands of indicators to determine perfect fit between candidates and employers. Bringing this technology on the blockchain will automate hiring in a very safe way that is beneficial to everyone involved.

What’s FitScore?

FitScore is TalentSnap’s rapidly evolving hiring AI that leverages highly sophisticated Machine Learning algorithms with the power to ingest hundreds of millions of unique indicators of candidates and employers. With terabytes of publicly available data to start with, and a roadmap of building decentralized labelled data, TalentSnap is able to generate a score from 1 to 100 on how well candidates and employers fit together. Multi-dimensional algorithms based on skills, culture, experience, in-depth personality variables, and dozens of other critical hiring metrics power this robust innovation.

Problem
As a society, they understand that Machine Learning and Artificial Intelligence technologies can and will eventually automate the majority of industries globally. Companies like Google, Facebook, Apple, and Microsoft have access to immense amounts of data, and construct multi-billion dollar business models around people’s information. The more data you can feed AI models, the more purposeful they can become over time. The sheer amount of data these companies are processing, allows the aforementioned companies to be on the forefront of AI research. It’s quite frightening that these companies know more about than they know about ourselves. If this trend continues, AI models will become more powerful.

Blockchain Technology

Blockchain is the technology backbone of the network and provides a tamper-proof data structure, providing shared public ledger open to all. The mathematics involved are very complex, and the use of specialized hardware to construct this vast chain of cryptographic data renders it practically impossible to replicate. All confirmed transactions are embedded in the Blockchain. Use of SHA-256 cryptography ensures the integrity of the Blockchain applications – all transactions must be signed using a private key or seed, which prevents third parties from tampering with it. Transactions are confirmed by the network and this process is handled by miners.

Decentralized Control

Blockchains allow different parties that do not trust each other to share information without requiring a central administrator. Transactions are processed by a network of users acting as a consensus mechanism so that everyone is creating the same shared system of record simultaneously. The value of decentralized control is that it eliminates the risks of centralized control. With a centralized database, anybody with sufficient access to that system can destroy or corrupt the data within. This makes users dependent on the administrators
Transparency: Users who use Talent Snap’s platform can verify how Blockchain has been appending for over time. Traditional databases run off the CRUD model (Create, Read, Update, or Delete). Talent Snap’s blockchain is created to be an append-only structure. This means that users can only add more data. You can only add more data by adding the new data as a form of additional blocks. All of the previous data is stored and can’t be altered.

Smart Contracts

All used smart contacts will be implemented on the statically typed Turing–complete Solidity language. Smart contracts and TSC tokens will be easily issuable on the Ethereum Blockchains through the TalentSnap platform’s planned interface. As new Blockchain innovations emerge, there is potential to integrate new features and platforms into TalentSnap. Smart contracts provide users with automated, low-fee transactions that provide a higher level of security than those that rely on standard localized databases. The smart contract provides a transparent procedure of showing the secured and decentralized AI transactions that will eventually automate hiring.

TalentSnap Platform

The layers come together in a purposeful P2P platform built with a roadmap of automating hiring in mind. The platform will include two types of users:

(Potential) Candidates,
Employers or Hiring Parties.
As a (potential) candidate, you will be able to set up your individual profile, which will be decentralized in a node owned and controlled by you. At the onset, the candidate will have the ability to setup their profile by inputting information manually, and/or, auto-filling your profile page by granting access to content from your other social profiles. As a candidate user, you must provide a minimum amount of information in order to take full-advantage of the platform. You will not be able to use FitScore to automate your job search process unless you provide the minimum amount of information.