Mintelium gives cellular, verified credentials for anybody making use of for a job. Recruiters, HR departments and employers are given non permanent entry to the verified private data, with the person all the time sustaining management and possession of their delicate knowledge.
As co-founder Sashen Naicker explains, “The recruitment and HR industry in the U.K. is extremely lucrative, but slow to change. The on-boarding process is often messy and lacks security. HR tech is ripe for disruption and we believe blockchain is the answer.” Mintelium is constructed on the Bitcoin SV (BSV) blockchain, integrating an SSI (self-sovereign identification) pockets.
CTO Sandeep Kunda is bullish concerning the potential of BSV for knowledge safety and identification administration. “We are providing workers with a simple way to store their verified credentials so they will always know exactly where and how their information is being shared. Companies don’t need to store this kind of data on their internal servers after the recruitment process.” Kunda believes that utilizing the BSV infrastructure will permit Mintelium to scale rapidly and affordably.
In 2019, the U.Ok. recruitment trade was value £39 billion, with over 40,000 recruitment firms putting one million employees a yr into everlasting positions (New Millennia 2020). Naicker is assured that Mintelium has noticed an enormous alternative. “We are being advised by recruitment experts like Lisa Wheatcroft of The Oriri Partnership and Rob Williams of The Fielding Group who are hugely experienced in the U.K. recruitment industry and are excited about the potential of our business. The response we’ve already had from the wider U.K. business community and potential customers makes us confident that we are on the right path.”
Mintelium has secured Letters of Intent with startups, Host Help and 32Co in London and Alnocular in Mumbai. They are exploring an official U.Ok. launch inside the non-public safety recruitment trade. Private safety job candidates require seven verified checks in the course of the on-boarding course of which might be saved on chain. Mintelium are in superior talks with three well-known firms within the London space. They are additionally working with London universities Hult and UCL and with Coventry University to onboard college students as they graduate and enter into the workforce.
The full product will function an SSI pockets that permits customers to take their verified credentials with them even when they go away their present employer. After its preliminary plans to work with recruiters and employers, Mintelium will develop its product for gig employees, freelancers, and digital nomads. There shall be 7.25 million gig employees within the UK by the tip of 2022 (Britain Thinks 2022).
“The pandemic shifted the way we work and those changes are here to stay,” says Naicker. “People want to know that their data is not being abused or mishandled. They also want to be able to verify who they are in today’s new economy.”
Mintelium is at present elevating for its pre-seed spherical with a goal of £200,000.
Mintelium is likely one of the BSV startups in Cohort 2 of Satoshi Block Dojo, the incubator which has simply accomplished its second programme in London.
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