bitJob raises $2M to launch decentralized marketplace for student employment

Tel Aviv, Israel-based bitJob announced in a press release CoinReport received that it has raised an initial US$2 million to launch its worldwide, decentralized platform for student employment powered by blockchain technology.

bitJob aims to transform the way students support themselves and acquire professional experience. The company wants to do that by offering students the prospect to earn income and hone their skills while enriching their resumes, all within the firm’s blockchain-based ecosystem of networking, compensation, incentives and rewards. Over 1,200 participants participated in bitJob’s STU token sale which is now over.

While over 70 percent of students work during college, many are underpaid and not given the chance to acquire skills needed to be competitive in a global economy. Blockchain technology has the prospect to revolutionize the way students find employment and get paid justly, and bitJob is leading the way with the launch of its decentralized marketplace. The bitJob platform initiates with a hybrid model, allowing students and employers to transact with digital currency or PayPal, with incentives for using digital currency.

bitJob CEO Dror Medalion said in the release we received, “bitJob offers a real solution to student underemployment: an open-source, decentralized, and secure marketplace allowing students to convert their free time into income while enriching their professional experience.

“In addition, employers will be able to develop talent from a global pool of students eager to apply their higher education.”

While most freelancing websites are laden with fees, bitJob makes use of blockchain technology to enable students to be paid instantly in digital currency via its STU token from anyplace in the world. This offers the additional benefit of familiarizing students with blockchain, one of the world’s most in-demand technology verticals.

To grow its network of students and employers, bitJob has teamed up with numerous institutions, including the Government of the Netherlands, Blockchain Association of Canada, Blockchain Education Network, the Israeli Students Association and Cyprus International Institute of Management.

Image courtesy of bitJob via PR firm Transform PR