Major Staffing Company Kelly Services Turns to Blockchain With New Partnership

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Major staffing company Kelly Services has partnered with online blockchain-based hiring platform Moonlighting to improve internal processes management.

Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting.

As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such as secure uploading of job seekers’ profiles and their distribution among various platforms. Moonlighting is based on EOSIO’s public blockchain and reportedly does not involve the use of a cryptocurrency.

Moonlighting CEO and founder Jeff Tennery told Forbes that the biggest problem with the gig economy is its fragmentation, wherein people have to keep logging over and over again into various websites and applications. Tennery continued:

“Kelly and Moonlighting are really collaborating to fix that problem so that people could be more efficient in the way they share their data so they can get hired. Blockchain just fits that very nicely, and then the control is really in the hands of the user.”

John Healy, vice president and managing director at the Office of the Future of Work within Kelly Services, stipulated that the collaboration between the companies could result in “some pretty significant market opportunities.” Healy said:

“We’re going to learn. We’ve got three of our business units today that are actively exploring how to leverage both the technology that Moonlighting has, as well as the business process that we’re delivering for our customers and for our workers to figure out where that best fit is.”

Are other companies ready to use blockchain?

A survey by Big Four audit company KPMG released in February showed that 48% of C-level executives believe that blockchain is likely to change the way they do business in the next three years. 27% of executives said that the Internet of Things will be one of the greatest blockchain disruptors over the next three years.

When asked about the possibility of implementing blockchain in their companies, 41% of respondents said they were likely to use the technology, 31% did not give a straight answer, while 28% said they were not likely to implement blockchain.

In June, research firm Data Foundation and IT firm Booz Allen Hamilton released a report examining the feasibility of blockchain implementation by the United States federal government.

Original source: https://cointelegraph.com/news/major-staffing-company-kelly-services-turns-to-blockchain-with-new-partnership

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Bitcoin Drops to $10,000 in Recent Downtrend

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Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week.

Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31.

A little earlier this month, experts were optimistic about Bitcoin continuing its rally, citing geopolitical tensions — particularly the ongoing United States-China trade war — as a reason for its possibly continuing success. Galaxy Digital CEO Mike Novogratz commented on Aug. 5 about this possibility, saying:

“With the yuan over 7.0, an FX war, instability in HKG and the beginnings of capital flight, $Btc rally could have real legs.”

Co-founder of market research firm DataTrek Research Nicholas Colas recently said that investors in Hong Kong and Argentina have used the original crypto as a safe haven asset. Forbes contributor and former executive director at Deutsche Bank Peter Tchir recently wrote in an article that Bitcoin is a leading indicator of hidden geopolitical tensions.

Crypto investors are reportedly now divided into three main camps regarding Bitcoin price predictions. The most bearish of the three say that Bitcoin is set to pull back to $8,500–$7,500 while the moderates say it will consolidate between $9,000 and $12,000 prior to its rewards halving in 2020.

The bulls remain unphased by recent price trends and remain confident that Bitcoin will retake its yearly high and continue upwards. Correlatory data with Tether (USDT) suggests that it will reach $20,000 in about a month.

At press time, Bitcoin is trading at $10,048, down 5.81% on the day and almost 16% on the week according to data from Coin360.

Original source: https://cointelegraph.com/news/bitcoin-drops-to-10-000-in-recent-downtrend

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