A look at the potential worth of Pixby project (LAUNCHING SOON)

[Yasu]

Employment is an imperative operational need for every small, medium, and large company around the world; it has understandably garnered the involvement of a wide array of services that provide some value throughout an employment lifecycle. There are millions of job positions need to be filled every year, so, the process of personnel recruitment has become an industry of its own. When vacancies are open, employers place ads and contact talent search agencies.

Since the advent of the internet, the delivery of a single product targeted at massive usage has become easier and so the employment industry has upgraded from serious reliance on physical presence of their staff. The recruitment process of companies and businesses mostly focus on hiring employees that will work from distance and not have to be present a designated office or building. Thanks to freelancing, companies can very much cut down on huge running cost of their businesses. Freelancers are easily hired as company staff who operate even from the comfort of their beds or home seaters. Freelancing is becoming very huge and due to the sheer size of this industry and its obvious existence in every country around the world, a large number of start-ups have successfully flourished here, even on a regional level.

A new blockchain project, Pixby, intends to provide the next leap to the employment process. The company is about to facilitate the incorporation of blockchain technology with freelancing to ensure that freelancers are in full control of their earnings and profits while also increasing the efficiency of freelancing as a tool of employment. This article looks at the potential worth of Pixby project in the coming years.

A Look At The Peers

Microsoft acquired LinkedIn who is the uncontested champion of all employment related services in a record acquisition valued at $26.2 billion. However, while LinkedIn scored the biggest price tag with respect to services in the general employment industry, many other billion-dollar products targeting this industry that began their journeys as ambitious start-ups, are spread across the globe.

Another example is Monster.com, a job search site, brings in nearly a billion dollars in revenue

Maimai, a recruitment site from China, recently raised enough funds to establish a valuation north of $500 million

A job-search site named Glassdoor which largely drives its popularity by providing transparency over salaries, interview questions, and company culture, is valued at $1 billion

Indeed.com is a genuinely boot-strapped billion-dollar company

The list above indicates that the employment industry is massive and innovative concepts are able to rise quite easily. The Chinese company Maimai was founded only about 6 years ago and despite being in LinkedIn’s shadow, it has managed to become a giant. Similarly, other individual employment services company across the world, like India’s naukri.com and Bayt.com in the Middle East, have not just held their own, but have managed to become huge companies.

A Look At Pixby

Pixby is uniquely positioned in its approach — while all the companies highlighted above provides more or less similar services, Pixby platform will be the first ever to offer a more convenience-oriented advantage others do not yet possess. Pixby is creating a platform that focuses on freelancing. Most employment-related platforms are still operating as a bridge for information for the companies that seek to hire employees; Pixby is part of the blockchain era, the project does not only serves as an information bridge, but it also attaches a value for it. Freelancers are able to work on Pixby platform and completely control their profits. Pixby also eliminates the excessive charges and platform fees that popular freelancing platforms like fiverr and freelancer.com place on their services.

Glassdoor offers a small but of transparency to the employment market and that became its major competitive edge, however Pixby is making the entire industry transparent by eliminating information asymmetry and integrating blockchain technology. Pixby stands on the shoulders of giants as it has adopted the best of its predecessors and combined it with blockchain which is the technological advances of tomorrow. Pixby platform could easily be the most important update to the employment industry since the first online job ad was placed. So, undoubtedly, if the current prototype is available to develop into the intended platform, Pixby has the potential to not only match the valuations of giant players in the employment and freelancing industry, but to surpass them

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