bitJob announced on Wednesday it has secured $2 million to launch its global, decentralized marketplace for student employment powered by blockchain technology.
According to the company, the new marketplace is offering students the opportunity to earn income and sharpen their skills while enriching their resumes, all within bitJob’s blockchain-based ecosystem of networking, compensation, rewards, and incentives. Over 1,200 participants have participated in bitJob’s STU token sale, which ended earlier this week. Dror Medalion, CEO of bitJob, shared:
“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.”
bitJob also noted that it leverages blockchain technology to allow students to be paid instantly in cryptocurrency through its STU token from anywhere in the world. The company then explained it has partnered with several institutions to grow its network of students and employers, including the Government of the Netherlands, Blockchain Education Network, Blockchain Association of Canada, Cyprus International Institute of Management, and the Israeli Students Association.
Founded in 2016, bitJob described itself as a P2P decentralized marketplace for students, freelancers, and employers, It’s a social and ambitious Project, based on Blockchain technology, aimed at revolutionizing the way students make a living and gain occupational experience while still studying. The company added:
“bitJob unites the benefits of ‘Fiverr’ and ‘UpWork’ with Blockchain technology, to become the first Hybrid Blockchain Project with a Semi Decentralized platform. Using both centralized payment methods (PayPal) and decentralized digital currency. The team holds a write-protected code on Ethereum Smart Contracts.”