CRYPTOKID: ECTA: Blockchain-Based Global Employability Platform

Introduction

The unemployment rate gets plenty of media coverage. This ratio represents the percentage of people in the labor force without jobs who’ve been actively looking for work within a certain period. Many people believe that it’s a bad indication of the economy’s overall strength.

Traditional systems that make it possible to look for work / employees are too complicated and slow. We have to spend a huge amount of time to find a really worthy offer. Employers do not always look through absolutely all profiles - stopping their choice even before they get the resume of a truly talented person.

A lot of fake profiles. In addition to talented graduates who just want to find a good job, there are real scammers - they are trying to find jobs using forged accounts in popular services. There is indicated the wrong information, which will be viewed by employers - then you have to deal with inept specialists occupying the place of talented people.

The difficulty in finding talent. Often, large companies do not try to turn their attention to small countries - namely, there are often enough qualified specialists waiting for favorable offers.

But now the situation can drastically change - the developers of the decentralized platform ECTA believe that their project will simplify the life of absolutely all people who are trying to find work, or vice versa. Artificial intelligence, which is the main tool of the ECTA platform, allows you to quickly process employee data, make ratings, provide companies with complete, verified information in order to simplify the process of hiring an employee with the necessary skills.

What is ECTA? and, how it works? Let's find out in this blogpost.

About ECTA

ECTA (Efficient Collaboration Team Autonomous) is the first blockchain-based trust protocol for global employability of developers. It is a decentralized hiring platform. The goal of ECTA is to create an environment where experts will be able to find jobs without the hideous search process while companies will be able to use AI-based tools to simplify the hiring process. ECTA is making the most sophisticated search engine to solve the HR industry problems.

ECTA brings a whole new level of co-working, team building, and payment solutions for unbanked, aimed at establishing direct, safe and productive relationship between the developers on one side and on another side individuals striving to realize their idea, companies seeking undiscovered talents worldwide, educational institutions recognizing the trends in 4th industrial revolution in a timely manner, and investors recognizing genuine projects.

The mission of the ECTA protocol is to increase time and payment efficiency, establish genuine relationships, and discover talents from low-middle income countries by leveraging on its unique technical solution fueled by AI algorithms.

Every new system that wants to use AI to predict values or assist users in completing tasks quicker and more accurately face the challenge of missing the initial data. The same will be the case of ECTA. The platform will use a series of unsupervised learning algorithms coupled with standard relational queries during the alpha phase of the project to deliver initial predictions. This method will not initially yield perfect results, but it will showcase the intent to use AI. The main goal of the AI alpha phase is to gather initial training data for other more complex and accurate AI models.

ECTA Features

The ECTA platform is a unique symbiosis for job seekers and companies. It will provides several features include in:

Human resources: Here will be collected the data of many talented workers who want to become part of a large company.
Artificial Intelligence.: In this case, the program will process all information, organize it, create employee catalogs to simplify the search process for employers. It is very convenient and allows you to save people from additional time costs.
Blockchain: A unique modern technology that allows us to discover new facets in different segments. Blockchain
provides an opportunity to reliably protect platform users from problems with fraudulent schemes;]
Social networks: It is here today that most of the information from employers and employees trying to find work is located. Artificial intelligence will collect all the necessary data and pick up the most beneficial offers. In addition, the platform will provide an opportunity to directly communicate using the built-in chat;
Platform freelancers: Now you do not have to waste time searching for specialists who can perform the task in the most efficient and high-quality manner. In this case, employers will be able to quickly find the most beneficial proposals for themselves, given the specific nature of the assignment. Freelancers are also interested in this kind of cooperation, they get a chance to get regular customers and significantly increase their earnings. In some situations, freelancers become employees of large companies.

ECTA Platform Benefits

The platform features a simple user interface that does not require special knowledge or experience.
Internal means of communication, allowing the parties to communicate directly when making deals;
Any transactions are carried out in a qualitative and transparent manner, this is guaranteed by the use of smart contracts;
The possibilities of artificial intelligence - now there will be no problems with finding beneficial offers. The system independently analyzes the data of employees and the needs of employers to select the ideal candidates for the performance of assigned tasks;
No intermediaries who receive substantial commissions. Employees, as well as employers, pay only a small percentage, using internal tokens for this. All received funds are used to further develop the platform and encourage its participants;
Detection of scammers. The system carefully analyzes all the data that people provide - this allows you to immediately identify fraudsters and exclude them from the platform. Thanks to this approach, employees can rely on bona fide employers, and companies - on employees who are ready to carry out assigned tasks.

ECTA Token

All platform users who hold ECTA PAY tokens will be able to boost their potential globally while networking with parties who share complementary values, vision, and skill sets. Thanks to the AI feature which gives “virtual assistants” to the platform, everyone saves precious time, will eliminate significant costs, deal only with verified parties, get paid without any risk, and will be rewarded for the community aligned actions.

Token Information

Token: ECTA

Platform: Ethereum

Type: ERC20

Total Token Supply: 1,000,000,000 ECTA

Tokens for sale: 500,000,000 ECTA

Price in ICO: 1 ECTA = 0.02 USD

Accepting: ETH

Min. investment: 0.1 ETH

Soft cap2,000,000 USD

Hard cap10,000,000 USD