Mintelium supplies cell, verified credentials for anybody making use of for a job. Recruiters, HR departments and employers are given non permanent entry to the verified private info, with the person at all times sustaining management and possession of their delicate knowledge.
As co-founder Sashen Naicker explains, “The recruitment and HR business within the U.Ok. is extraordinarily profitable, however gradual to vary. The on-boarding course of is usually messy and lacks safety. HR tech is ripe for disruption and we imagine blockchain is the reply.” 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’re offering employees with a easy solution to retailer their verified credentials so they are going to at all times know precisely the place and the way their info is being shared. Corporations don’t have to retailer this sort of knowledge on their inner servers after the recruitment course of.” Kunda believes that utilizing the BSV infrastructure will enable Mintelium to scale shortly and affordably.
In 2019, the U.Ok. recruitment business was price £39 billion, with over 40,000 recruitment firms inserting 1,000,000 employees a 12 months into everlasting positions (New Millennia 2020). Naicker is assured that Mintelium has noticed an enormous alternative. “We’re being suggested by recruitment specialists like Lisa Wheatcroft of The Oriri Partnership and Rob Williams of The Fielding Group who’re massively skilled within the U.Ok. recruitment business and are excited concerning the potential of our enterprise. The response we’ve already had from the broader U.Ok. enterprise group and potential prospects makes us assured that we’re on the suitable path.”
Mintelium has secured Letters of Intent with startups, Host Assist and 32Co in London and Alnocular in Mumbai. They’re exploring an official U.Ok. launch inside the non-public safety recruitment business. Non-public safety job candidates require seven verified checks throughout the on-boarding course of which will be saved on chain. Mintelium are in superior talks with three well-known firms within the London space. They’re additionally working with London universities Hult and UCL and with Coventry College to onboard college students as they graduate and enter into the workforce.
The complete 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 might be 7.25 million gig employees within the UK by the top of 2022 (Britain Thinks 2022).
“The pandemic shifted the best way we work and people modifications are right here to remain,” says Naicker. “Folks wish to know that their knowledge shouldn’t be being abused or mishandled. In addition they need to have the ability to confirm who they’re in at this time’s new economic system.”
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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