So what do you get when you wed decentralized identification (DID) technology to one of Korea’s largest job recruiting platforms?
I guess we’re about to find out.
ICONLOOP announced Friday that it had concluded an MoU with SaraminHR, the company that operates the popular job portal Saramin.
Under the agreement, the two sides will build a blockchain-based digital ID ecosystem and push other joint projects.
In particular, it aims to bolster Saramin’s customer value by incorporating ICONLOOP’s blockchain-powered certification system “broof” and DID solution “My-ID.”
Job seekers applying for work through Saramin will be able to submit certificates and accreditation issued through broof.
Officially launched last month, broof makes issuing and receiving certificates a breeze. Since certificates are stored on the blockchain, they are virtually tamper-proof, making the service a powerful weapon in the war against fraud.
Broof already has several impressive use cases under its proverbial belt, including use in programs run by Seoul Metropolitan Government and prestigious Korean science and technology university Postech.
And the Iconist would be remiss if we didn’t remind readers that “broof” operates on ICON’s public chain, making Friday’s news especially welcome for holders of ICON’s ICX tokens (up 5.30% against the dollar on Friday). As the ICON Foundation’s Ricky Dodds explained to this publication last month:
“[Broof] currently uses the public blockchain. So for each broof issued, ICX is used for transaction fees. Transaction fees on the ICON Network are essentially burned, so it lowers the supply of ICX. The more Broofs issued through Broof, the more transaction fees on ICON. And the more transaction fees on ICON means more burned ICX. This could lead to a deflationary asset over time.”
Saramin’s incorporation of ICONLOOP’s My-ID, solution, could present yet another major use case for DID once that service launches in the first half of the year.
“I’m certain that blockchain technology based on stability and transparency will bring major changes to the HR management sector,” said ICONLOOP JH Kim upon the conclusion of the agreement. “As the many users of Saramin, Korea’s leading job portal platform, come to actually experience blockchain technology, it will become an important case of blockchain — so far nothing more than a technology — making its way into our daily lives in earnest.”
ICONLOOP Communication Team Lead Minhwan Kim concurred with this assessment.
“Saramin is the overwhelming number one player in the job recruit market. As it has a mass user base, most Korean job applicants will be able to submit diplomas issued by broof to companies via Saramin,” he says. “And in the future, it might be expanded to other certifications to prove applicants’ careers and past activities.”
