Home Blockchain Mintelium brings blockchain to HR tech – CoinGeek

Mintelium brings blockchain to HR tech – CoinGeek

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Mintelium gives cell, verified credentials for anybody making use of for a job. Recruiters, HR departments and employers are given non permanent entry to the verified private data, with the person at all times sustaining management and possession of their delicate information.

As co-founder Sashen Naicker explains, “The recruitment and HR trade within the U.Okay. is extraordinarily profitable, however gradual to vary. The on-boarding course of is commonly messy and lacks safety. HR tech is ripe for disruption and we imagine blockchain is the reply.” Mintelium is constructed on the Bitcoin SV (BSV) blockchain, integrating an SSI (self-sovereign id) pockets.

CTO Sandeep Kunda is bullish concerning the potential of BSV for information safety and id administration. “We’re offering employees with a easy solution to retailer their verified credentials so they are going to at all times know precisely the place and the way their data is being shared. Corporations don’t must retailer this sort of information on their inner servers after the recruitment course of.” Kunda believes that utilizing the BSV infrastructure will enable Mintelium to scale shortly and affordably.

In 2019, the U.Okay. recruitment trade was price £39 billion, with over 40,000 recruitment firms inserting 1,000,000 employees a yr into everlasting positions (New Millennia 2020). Naicker is assured that Mintelium has noticed an enormous alternative. “We’re being suggested by recruitment consultants like Lisa Wheatcroft of The Oriri Partnership and Rob Williams of The Fielding Group who’re massively skilled within the U.Okay. recruitment trade and are excited concerning the potential of our enterprise. The response we’ve already had from the broader U.Okay. enterprise group and potential prospects makes us assured that we’re on the best path.”

Mintelium has secured Letters of Intent with startups, Host Assist and 32Co in London and Alnocular in Mumbai. They’re exploring an official U.Okay. launch throughout the personal safety recruitment trade. Personal safety job candidates require seven verified checks throughout the on-boarding course of which will be saved on chain. Mintelium are in superior talks with three well-known firms within the London space. They’re additionally working with London universities Hult and UCL and with Coventry College to onboard college students as they graduate and enter into the workforce.

The total product will function an SSI pockets that enables customers to take their verified credentials with them even when they go away their present employer. After its preliminary plans to work with recruiters and employers, Mintelium will develop its product for gig employees, freelancers, and digital nomads. There will probably be 7.25 million gig employees within the UK by the tip of 2022 (Britain Thinks 2022).

“The pandemic shifted the way in which we work and people adjustments are right here to remain,” says Naicker. “Individuals need to know that their information shouldn’t be being abused or mishandled. In addition they need to have the ability to confirm who they’re in right now’s new economic system.”

Mintelium is at the moment elevating for its pre-seed spherical with a goal of £200,000.

Mintelium is without doubt one of the BSV startups in Cohort 2 of Satoshi Block Dojo, the incubator which has simply accomplished its second programme in London.

Watch: CoinGeek Originals – How to build a BSV business

New to Bitcoin? Take a look at CoinGeek’s Bitcoin for Beginners part, the final word useful resource information to study extra about Bitcoin—as initially envisioned by Satoshi Nakamoto—and blockchain.

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