Mintelium brings blockchain to HR technology
Mintelium provides mobile, verified identification for anyone applying for a job. Recruiters, HR departments and employers are given temporary access to verified personal data, with the user always maintaining control and ownership of their sensitive data.
As co-founder Sashen Naicker explains, “The recruitment and HR industry in the UK is extremely lucrative but slow to change. The onboarding process is often messy and lacks security. HR technology is ripe for disruption and we believe blockchain is the answer.” Mintelium is built on the Bitcoin SV (BSV) blockchain, and integrates an SSI (Self Sovereign Identity) wallet.
CTO Sandeep Kunda is optimistic about the potential of BSV for data security and identity management. “We give workers an easy way to store their verified credentials, so they always know exactly where and how their information is shared. Companies don’t need to store this kind of data on their internal servers after the recruiting process.” The customer believes that using the BSV infrastructure will allow Mintelium to scale quickly and affordably.
In 2019, the UK recruitment industry was worth £39 billion, with over 40,000 recruitment companies placing one million workers in permanent positions a year (New Millennia 2020). Naicker is sure that Mintelium has discovered a huge opportunity. “We are advised by recruitment experts such as Lisa Wheatcroft from The Oriri Partnership and Rob Williams from The Fielding Group who have extensive experience in the UK recruitment industry and are excited about the potential of our business. The response we have already received from the wider UK business community and potential clients make sure we are on the right track.”
Mintelium has secured letters of intent with startups, Host Help and 32Co in London and Alnocular in Mumbai. They are exploring an official UK launch into the private security recruitment industry. Private security job applicants require seven verified checks during the boarding process that can be stored in the chain. Mintelium is in advanced talks with three well-known companies in the London area. They also work with London universities Hult and UCL and with Coventry University to bring students with them as they graduate and enter the workforce.
The entire product will include an SSI wallet that allows users to take verified credentials with them even if they leave their current employer. Following initial plans to work with recruiters and employers, Mintelium will develop its product for gig workers, freelancers and digital nomads. There will be 7.25 million gig workers in the UK by the end of 2022 (Britain Thinks 2022).
“The pandemic changed the way we work, and these changes are here to stay,” says Naicker. “People want to know that their data is not being misused or mishandled. They also want to be able to verify who they are in today’s new economy.”
Mintelium is currently raising its pre-seed round with a target of £200,000.
Mintelium is one of the BSV startups in Cohort 2 of Satoshi Block Dojothe incubator which has just completed its second program in London.
See: CoinGeek Originals – How to Build a BSV Business
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