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English-speaking companies alone spend $50 billion annually on hiring knowledge workers. A single error can result in wasted time and resources worth about $60K. Job seekers also face challenges. They often feel frustrated and risk making poor career choices, sometimes missing out on great opportunities. Work Identity Protocol (WIP) is our
solution. It's a community-driven recruitment platform that reduces hiring time and errors. We combine Web3 technology, behavioral incentives, and monetary rewards for companies and job seekers. WIP integrates LinkedIn-style professional networking with blockchain technology. We enhance accountability to foster trust between job seekers and recruiters. Users must stake real money when applying, recommending, or referring someone. For example, this approach ensures you'll carefully consider a candidate's fit for the role when you refer them. It's an effective way to minimize irrelevant applications and referrals. Our blockchain-based incentive system enables everyone to earn real money for successful job matches, creating new income for freelance recruiters and well-connected professionals.
WIP founders bring over 40 years of combined experience in entrepreneurship, B2B sales, and product management. So far, we've interviewed several dozen potential customers, got 200+ job seekers wait-listed, partnered with three major companies, received recognition at a global hackathon, and developed comprehensive user journey maps and solutions. We're seeking $1.4m in pre-seed funding to bring WIP to the market and win the significant first batch of individual and business clients.