GORECRUIT:THE REVOLUTION OF CRYPTOCURRENCY!!!!

About GoRecruit

GoRecruit is an artificial intelligence (AI) system for helping small enterprise executives and employees of personnel services to make HR decisions. The system analyzes data from social media and publicly available sources and uses a blockchain-based architecture for data storage.

Recent research in the field of social media data analysis showed the correlation between the way people represent themselves online and personality assessment results. Donald Kluemper,
a professor of management at Northern Illinois University’s College of Business and a pioneer in this area, conducted a study in 2012, according to which data obtained from social networks can be used to assess the likelihood of hiring a person, as well as their future performance.

GoRecruit project is aimed at building objective criteria for selection of candidates for general positions (up to a level of a head of the department), which do not require assessment of highly-specialized professional skills. When making HR decisions and predicting possible outcomes, a decision maker usually faces a complex system of interdependent components (education, experience, psychological profile, social adequacy, etc.) that are to be analyzed.

The solution can be found in building an AI system, which will model a natural process of human thinking, aimed at making an objective decision based on the set of available parameters (characteristics).

What Is GoRecruit ?

GoRecruit is an AI recruitment system based on blockchain technology. AI rates job candidates for various positions by analyzing data from publicly available sources and social networks. The efficiency of the system has been tested in companies with a staff of more than 1000 people. GoRecruit is used by more than 470 companies.

To select applicants for an interview, you do not need to spend several hours for processing and analyzing the data you will acquire detailed information with recommendations immediately after the authorization of a candidate in the GoRecruit system. This approach will make access to your vacancies more open, eliminate human error in hiring, as well as reduce the cost of HR service by optimizing routine work.

GoRecruit is an online platform that employs SaaS distribution model. The system is based on blockchain, which ensures that candidates’ data are secure and reliable, and moreover, it is the main technology behind our own payment system.

The Problem

In the course of a recruitment process, an employer faces a number of problems, including:

• Difficulty and labor intensity of evaluating candidates.
• Lack of trust in candidate’s professional skills and job experience.
• Unconscious bias in candidate assessment process.
• Employment inequality on the basis of sex, national origin, religious creed, disability, etc.
• High costs of hiring decisions for employers.

What methods to use in order to evaluate a stranger? Small and medium sized businesses do not usually have a clear understanding of the requirements a candidate should meet. In large companies, there are special HR services that become costlier to maintain as a company grows, whereas the quality of selection deteriorates due to delegation of authority to the field.

Usually, the problems of personnel selection are solved in companies in the manual mode, by assessing a candidate’s CV by an HR employee followed by a personal interview. This method is time- and money-consuming.

Sometimes it gets rather subjective due to personal preferences of an employee who decides about inviting a candidate to an interview or makes a final judgement on employment. Frequently, access to vacancies is limited based on gender, nationality, religion, health restrictions, etc.

The Solutions

GoRecruit, is an online service with a simple and intuitive user interface, it is capable to solve these problems providing a recruiter with support in making HR decisions. GoRecruit can quickly assess a candidate for a specific position, using the data from social media and public sources, and give a detailed report about the compliance of a candidate.

Along with this, a user is provided with an opportunity to compare ratings of candidates in order to select the most suitable one. With our product it is possible to decide which candidate to hire in just three simple steps. To do this, one has to invite, evaluate and compare.

Safety and consistency of data about candidates’ employment history is ensured by a decentralized data register, which securely stores the data with the use of blockchain technology that guarantees their reliability.

The main advantages of GoRecruit compared to traditional methods of HR decision-making:

• hiring people predisposed to certain professions, thus improving the efficiency of team work;
• objectivity (creating uniform transparent rules of employment for all branches of a company);
• reducing HR service costs by optimizing its performance;
• acceleration of the process of hiring new employees (no need to wait several weeks since a decision can be made after remote authorization of a candidate);
• decrease in staff turnover by making more informed decisions;
• reducing the number of force majeure situations caused by new employees, due to better initial assessment;
• improving company’s manageability by creating a universal database of employees, as well as a personnel pool of all candidates who responded to an invitation;
• providing more open access to new vacancies and eliminating the human error in an employment process.

Overview Of The Market

The global market of systems automating human resources management (HR Management, HRM) continues to grow rapidly. Its average annual growth is about 8%, and the rate is only rising, reaching about $14 billion. In addition, one of the main trends defining this growth is the increase in the number of SaaS solutions, which occupy a large market share nowadays.

The main driver of the HRM market is the global task of improving the efficiency of employees, which concerns most of the world’s companies these days. The second important driver is the professional development of HR-services themselves, for which the HRM-system becomes a tool for solving more complex and uncommon tasks.

The key advantages of truly effective recruitment are the involvement of motivated employees who are able to achieve high productivity and ensure stable growth of human capital assets. First and foremost, software for recruitment can reduce the time and the costs associated with the process of hiring new employees.

In addition, such systems reduce the workload of HR departments, organize the recruitment process, increase the chances of hiring a right employee. Staff turnover is one of the risks for business that can be significantly minimized with the help of modern HR automation tools.It is important to note that staff turnover is also directly related to hidden, invisible costs, which can reach 250% or more of the total annual salary of one employee.

Competitor Comparison

Blockchain Technology

GoRecruit started investigating the field of social media data analysis 8 years ago, and discovered the correlation between the way a person presents themselves in social media and their real psychological profile. Later on, we were able to prove our hypothesis by building a mathematical model and developing an initial interface of the system. We tested the product in a company with more than 1000 employees.

Having undertaken the research and confirmed the hypothesis, we see an opportunity for replicating our product on the global market. There are now over 3 billion social media users in the world, and the number continues to grow. Headhunters have long used social networks to find and hire employees. As a matter of fact, social media are an essential tool in HR.

The next stage in the GoRecruit project development is the application of blockchain for making sure that every person’s employment records are valid and secure. It will open up new prospects for blockchain in the field of HR.

In addition to candidates’ profiles, GoRecruit will analyze information about previous employers and achievements, whereas blockchain will ensure that provided information is reliable. These features will be especially valuable for HR-specialists. GoRecruit will provide users with new potential applications of cryptocurrency in recruitment, and create transparent, liquid and safe token economy operating at a corporate level.

The Ecosystem

Token Information

GRT token, or RecruitCoin, is a token of the GoRecruit project on the basis of the grt-token smart contract.

The GoRecruit token economy relies on the use of GRT as a means of payment. GRT tokens can be used to pay for all services, as well as for transfers between GoRecruit users. This approach makes the token equally convenient and useful both for experienced users and for an audience not familiar with cryptocurrencies.

The GRT token is based on the ERC-20 standard of the Ethereum blockchain platform. Currently, the possibility of using other blockchain platforms (for example, Disciplina.io) is being studied. This would provide additional technical capabilities and greater transparency of data usage (social network profiles, employment history and achievements).

Emission of the GRT token based on the ERC-20 standard of the Ethereum blockchain platform is limited to the initial release. No future emissions are planned. Total supply of tokens is
8 275 642 GRT. Initial cost of one GRT is $3.

GRT Token Capitalizations
• GRT is a utility token with a property of inherent liquidity
• ICO will allow GoRecruit to enter the global market, which will inevitably lead to an increase in demand for GRT tokens due to the constant influx of new customers
• An average cost of the traditional evaluation of one candidate ranges between $102 and $136, which provides a great potential for growth of GoRecruit’s user base. It stimulates steady demand for tokens and rise in their value.

GRT Token Assumptions
In the course of the project implementation we will rely on the following rules and assumptions:

• Funds raised during the ICO will primarily be spent for entering the markets of 5 countries within 3 months after the release of the Beta-version;
• SAAS model allows GoRecruit to enter the global market without intermediaries;
• Funds received during the private token pre-sale will be used as an investment in marketing at the public pre-sale stage. Similarly, the funds raised during the public presale will be used for marketing at the main token sale stage.
• Operating expenses are covered by the company’s revenues and the team tokens share.

The ICO

During the ICO, it is expected to distribute 65% (5 379 167 GRT) of total supply: at the stage of presale — 900 000 GRT (700 000 GRT — private pre-sale, 200 000 — public pre-sale), at the stage of public sale — 4 479 167 GRT. Partners will receive 14% of tokens, team — 10%, stabilizationfund — 10%, bounty — 1%. GRT tokens can be used to pay for all services, as well as for transfers between GoRecruit users.

Token Distribution

Attracted Funds

The presented financial model implies fast realization of the project and achievement of maximum goals.

The model contains a forecast of project development under limited funding conditions.

The model provides an intermediate version.

To participate in the campaign, first you must apply for inclusion in the whitelist. After that, you will receive an e-mail with confirmation of participation.

KEY STAGES OF GORECRUIT DEVELOPMENT (ICO INCLUDED)

Roadmap

The Team Member

Our team consists of people of different age and education. Perhaps this is our advantage for the implementation of such a large-scale project, located on the borderline with such sciences
as psychology, system analysis, applied programming, and mathematical modeling. Currently, the team consists of 15 people who are working on the project on the regular basis.