Braintrust’s Q3’22 Job Applications Up 75% QoQ to Stand at 26,000

In today’s business world, talent is everything. The race to recruit and retain the best employees is always ongoing, and the businesses that succeed are the ones that can adapt and change with the times. With the rise of blockchain technology, there has been a growth in decentralized job marketplaces. These seek to revolutionize how businesses find and hire top talent.

Braintrust is one of the leading platforms in this space. Rather than relying on centralized institutions, employers and freelancers can connect directly with each other. The platform’s stock in the decentralized job market space has been growing rapidly. This is evident in a BanklessTimes.com data presentation which shows that Q3’22 job applications grew three-quarters QoQ to 26,000.

The Braintrust platform is a game changer. It allows businesses to access a global pool of talent and freelancers to find work without going through traditional channels. This could disrupt the job market by making it more efficient and fair.

BanklessTimes CEO, Jonathan Merry

How Does Braintrust Work?

Braintrust is a decentralized network of pre-vetted, top-tier freelancers. The platform is designed to be transparent and fair, as it uses smart contracts to mediate all interactions between freelancers and clients. This feature ensures both parties are accountable for their actions and prompt and accurate freelancer payments.

It enables businesses to access a global pool of talent for a fraction of the cost of traditional recruitment methods. For individuals, Braintrust offers greater flexibility and control over their working lives. Best of all, it doesn’t charge talent, only clients 10%. This is a great way to access high-quality talent without breaking the bank.

But that’s not all – the platform has an incentive system in the form of Braintrust (BTRST) tokens.

BTRST is a utility token that users acquire to drive community engagement within the Braintrust platform. Businesses can use BTRST to offer bonuses for successful projects, and freelancers can use them to increase their visibility within the network.

BTRST helps to create a more secure and transparent system for managing freelancer contracts. Thus it helps create a virtuous cycle of engagement within the platform, leading to better results for everyone involved.

Advantages of Decentralized Job Boards

One of the best things about decentralized job boards is that they offer users many advantages. For starters, they make it easy for employers and employees to connect. That’s because all the relevant information is stored on the blockchain, which makes it easy to find and verify.

Secondly, smart contracts on decentralized platforms speed up the entire hiring process. Employers can quickly review applications and resumes and easily contact potential candidates through the platform’s messaging system. This eliminates the need for third-party recruiters, often leading to delays and increased hiring costs.

Moreover, decentralized job boards offer innovative features such as token-based incentive systems. These reward users for finding and posting jobs helping to create a more competitive and efficient jobs market.

Additionally, decentralized job boards can help reduce fraud and corruption. Their smart contracts are immutable, guaranteeing employees and employers that they’re getting what they expect from the job board. Again, they enhance transparency and accountability as all transactions are publicly visible on the blockchain.