Wavebase from Peoplewave is looking to bring HR out of the dark ages and revolutionise recruitment, background checks, onboarding, performance reviews and people management by utilising blockchain technology.
Two things that blockchains are really good at are transparency and immutability, something sorely lacking in the world of human resources. According to international research 56% to 85% of people lie on their resume. Some of these are small lies to perk up an otherwise boring CV, while others are outright made up job positions and performance claims.
HR departments spend a lot of time doing background checks and verifying claims job applicants make on their CVs and this is a great example where Peoplewave offer an attractive alternative with their blockchain based Wavebase platform.
Wavebase will allow Peoplewave to dramatically transform the HR industry by establishing a distributed database of accurate and verified performance and employment information on the blockchain.
As a result, employers will possess an unprecedented ability to evaluate a potential candidate based on actual, verified credentials and past performance, or even utilise the information right from the start for targeted searches of suitable candidates. In addition, for the first time, employees will get to own and take control of their performance data, even after they leave the company.
Currently the HR industry is worth around US$550 billion globally and is ruled by industry dinosaurs such as SAP, Oracle and Workday. Wavebase will allow Peoplewave to completely disrupt this outdated industry across the entire spectrum from pre-employment screening, background checks to recruitment and talent acquisition.
The company is based in Singapore and has been operating since January 2017. They have an impressive team of senior leaders with deep industry experience and impressive business accomplishments.
Something that we like to see from any ICO is a minimum viable product and a successful track record. Peoplewave delivers on both counts as they already have existing commercial products – the “First 100 Days”: a new hire onboarding tool and “Performance Wave”: continuous 360-degree performance appraisals, which you can download and test for free over at peoplewave.co. Peoplewave also boasts a robust customer base of over 450 businesses, that’s growing every day.
Currently Peoplewave has 19 team members in 4 countries with experience in technology, development, marketing, product management and user experience.
Damien has over 25 years’ experience. He is a digital thought leader, speaker & award-winning marketer. He was formerly a Global Head of Digital at Standard Chartered, CMO at Philips, Regional Marketing Director at Samsung and has a Masters in Digital Management from Hyper Island.
Phil Aldridge – Co-Founder & Chief Technology Officer
Phil has over 20 years’ experience in technology. He is the Founder & COO of FunctionEight (IT services). He has served as SME & Start-up mentor, Committee Chair at British Chamber of Commerce (HK) and has a Bachelor of Science in Applied Computing from The Open University of Hong Kong.
Eugene Lim – Chief Investment Officer
Eugene has over 20 years’ experience in digital, e-commerce and start-ups. He has ran his own ICOs and leads a fund that invested in some of the well-known cryptocurrency brands. He also conducts blockchain labs for leading Fortune 500 companies and has an MBA from the University of Leicester and is an Economics graduate from Murdoch University.
Other team members are listed on their ICO page and everyone has their Linkedin profile listed.
The Peoplewave (PWV) token will fuel the Wavebase ecosystem and form the backbone of the utility program. The ICO is currently live and offers a 75% bonus till 6 June, 17:00 (UTC +8). Unfortunately you are already late for the first stage of the ICO, which offered a 95% bonus and was snapped up in no time.
It’s great to see that the company is very active and engaging on their Telegram, Twitter and Medium accounts, so if you want to stay up to date with the project or if you have any questions, be sure to subscribe to them.
We will be doing an interview with Peoplewave in the near future, so be sure to follow us on our social media (links are at the bottom of this page) if you want to be notified of when it’s published.
As always, for more details and to contribute, please head on over to Peoplewave’s ICO page. The ICO is already live.
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