CVproof

CVproof
ICO date: 01.06.2018 - 30.06.2018
Description:

CVproof is a startup that wants to be a new job standard, offering validation and notarization by blockchain to reduce professional fraud and offer new incentives to all parties involved in the job market.

How it works:

CVproof allows companies to verify the credentials applicants claim in an easy and cost-effective way. Their mission is to connect CV holders with credentials issuers on a blockchain-based platform to simplify the validation process and fight fraudsters.

As credential issuers verify a document or job experience, the document itself will not be needed anymore, because a digital proof-of-validation can be used instead. This is why CVproof believes an account on their platform will become the future “laissez-passez” on the job market.

It also introduces a set of incentives for all participants of the market. Apart from credential validation fee, the platform introduces fees for sending a job application and asking an applicant over for an interview. The fees are paid not to the platform, but to either side of the deal.

Since applicants will have to pay companies to apply, the amount of irrelevant applications will reduce dramatically.

Innovation:

While this startup does no groundbreaking advances in technology, its contribution is pretty impressive. They have developed a method of using blockchain for validation and actually hold WIPO patent pending for “Method for validating and/or authenticating online curriculum vitae using blockchain distributed ledger technology”.

Innovation score: Medium

Token value:

The peculiarity of the token is that users will be able to determine how much a token costs themselves, within a certain frame, that the platform provides.

What ensure INK’s rise in price is that most actions like validation, sending a job request or asking an applicant for an interview have to be paid for. This means, as the user base grows, the amount of transactions will increase dramatically, driving the token price.

Token value score: Medium

White paper:

The project has a great white paper. The paper presents a business plan with detailed route to market, a market analysis, and explains why exactly INK token is estimated to raise in price. It also comments on many technical details that are key to the project.

White paper score: High

Roadmap:

The roadmap of CVproof ICO is not very detailed. The company had an investment round in 2017, that allowed them to hire the team. They plan to release alpha version in 2018 and beta in 2019. No additional details are mentioned.

Roadmap score: Low

Business model:

CVproof presents a great business plan in their white paper. They plan to start their route to market from three industries, in which verified credentials are of the utmost importance, education, aviation and medicine. Starting from these industries, the company will expand to general CV verification services and later to verification of other documents.

With their revenue coming from advertising on the platform and 1% commission fee on the transactions that are numerous, the revenue estimates are pretty high.

Business model score: High

Team:

The team of CVproof consists of professionals. One of the co-founders had been managing IT projects for Swiss banks and airlines for 20 years. Considering the fact that aviation is one of the first industries they are selling their services to, this experience means a significant advantage to the project.

The advisors mentioned on the official site make a good impression too. Among other, CVproof has advisors from Ecole Polytechnique Federale de Lausanne, and Cedric Parent, a man who has over 20 years of experience in finance and has served in leadership positions in BNP Paribas and Merrill Lynch.

Team score: High

Competitors:

CVproof names Bitjob and Insorse as its competitors. We have discovered another blockchain based CV verification platform, Appii. The niche is new, and there are a lot of possibilities. With features that CVproof introduces, it might be tough enough to take on the challenge.

Competitors score: Medium

Overall thoughts:

CVproof has a great idea in its core, a great team behind it, and a well-thought-out business plan. Considering the insight they put in the route to market and experience in the industry they are starting with, CVproof will see a gradual growth. Their INK token is definitely worth investing in.

Website: Site
Whitepaper: Whitepaper

Overall Score

High

3.7 / 5

Risk score

NA

Crowdsale


ICO

ICO start date: 01.06.2018
ICO end date: 30.06.2018
Soft cap: 4,000,000
Hard cap: 29,000,000

TOKEN DETAILS

Ticker: INK
Token price in USD: 0.12

Legal


ICO Platform: No
Registration Country: Estonia, Singapore