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I think you can do better than using crypto as a flat incentive to apply for jobs. A better application, in my opinion, would be to create a matchmaking market
by dqpb 4y ago
I think you can do better than using crypto as a flat incentive to apply for jobs.
A better application, in my opinion, would be to create a matchmaking market.
From the view of the job seeker, they would see a list of jobs sorted by how good of a match they are for the job, and they would be presented with some crypto incentive for interviewing for the job (proportional to how good the match is).
Same view for the hiring company - candidates sorted by quality match with some crypto incentive for interviewing the candidate.
From the matchmaker point of view, they would wager some crypto amount that a candidate is a good fit for a job.
If the candidate is interviewed and doesn’t get the job, the wagered amount is paid out to the company and candidate. If the candidate is hired, the company pays a commission distributed to all matchmakers in proportion to their wager.
This is actually a very nice usecase for distributed decision making because you have binary outcomes with discrete reward values.
- Wishy 4y agoInteresting. What if the company does this but never intends to hire, they would always pocket the crypto. One of the main problems now is the use case for crypto as not many people trust or wants to use it.
- dqpb 4y agoThe interview stats for the company and candidates should be available to the matchmakers. If matchmakers see that a company never hires, then they will stop wagering on matches for that company. As for crypto adoption, I would treat it as an API and not expose it to users, or hide it behind advanced settings. Charge your customers USD, convert it to USDCa, build the actual market as an Algorand smart contract, manage the users wallets behind the scenes, and when they want to withdraw, convert the USDCa back to USD. Then you could allow advanced users to swap out the managed wallet for their own wallet, if they’re so inclined.