CVerification is a blockchain-based recruitment and background verification platform that solves multiple problems. On the one hand, it provides a modern, distributed and secure system on which every user can store a verified testimony of his professional achievements and share it with all potential employers. On the other hand, it gives employers the ability to accept new recruits based on verified information, effectively eliminating the need for background check services.
This way, employers can make informed and safe recruitment decisions and identify the most-qualified candidates before going ahead with the selection process. The platform allows businesses to safeguard their organization and applicants to improve their application credentials.
On top of this, CVerification offers powerful tools for corporations and recruitment consultants, which will enable the efficient search for potential candidates and the successful analysis of different markets and industries, revealing important insights about the relevant employment market. Apart from CVerification, third-party providers will be able to develop analytics tools, integrating them into the platform and reaping profits.
CVerification has the potential to make the whole background check industry obsolete by optimizing existing HR processes and contributing to society. This industry achieves combined annual revenues of $2bn. However, CVerification’s market is much bigger.
CVerification is the next-generation background check platform. It is blockchain-based, which makes possible the secure and direct exchange of employment and educational references in an ecosystem with three main parties: previous employers and educational institutions, applicants, and potential employers. Apart from employment references, the core functionality of the CVerification platform will include the verification of academic degrees, certificates, diplomas, professional certifications and licenses.
CVerification is a blockchain-based platform through which employers and educational institutions can both: (1) upload genuine employment references for departing employees upon authorization and (2) download the genuine employment references of applicants when those applicants authorize them to do so.
CVerification enables applicants to receive their employment references without the risk of loss and to authorize potential employers to access their employment references. Applicants will also be able to back up their credentials so that they can apply with verified credentials, as well as monetize their profiles by making them public, thereby boosting their chances of finding their dream jobs.
Furthermore, the platform will offer the following services for employers and recruiters: the conducting of candidate searches and the use of analytics tools. Third-party providers will be able to integrate analytics tools as well.
The platform will introduce a feature which will give users with verified credentials the chance to endorse each other. In contrast to the popular professional social networks, this service eliminates the risk of falsified endorsements from manipulated profiles.
In the following stages of development, the CVerification platform will partner with industry-leading solution providers in the fields of Human Resources Systems and Applicant Tracking Systems and will offer integration support.
The CVerification product portfolio will gradually expand through the development of new products, e.g.:
• Criminal Background Checks
• Identity Checks
• Drug & Health Checks
• Driving Records
Both employers and applicants benefit from the usage of CVerification.
Benefits for employers:
• Save money and time on background and reference checks and on the exchange of references by mail/email.
• Receive verified references immediately upon authorization by the applicant.
• Make the hiring processes easier, because nobody will have to compare references.
• Increase the quality of background and reference checks because they will receive access to more references through the platform than if they were to gather the information themselves or through a service provider.
• Make hiring decisions based on verified information.
Benefits for applicants:
• Save money and time on sending and storing their employment references.
• Obtain access to verified references immediately upon verification.
• Make the application process easier because there is no need to structure and format the files before authorizing access to them.
• Increase the quality of their application, which leads to a competitive advantage over other applicants.
• Apply with verified references.