SmartRefer received The People’s Choice Award at the 2017 DisruptiveTO Pitch Competition in Toronto, Canada.
PRESS RELEASE: TORONTO, Canada, Dec. 26, 2017 —SmartRefer, a referral, and diversity hiring marketplace for technology professionals, received a big thumbs-up from the public, finishing 2017 with a bang. After an electrifying pitch competition hosted by The Rai Stone Agency, SmartRefer took home The People’s Choice Award in a landslide.
The structure was simple: 8 blockchain-based projects were vetted and selected to pitch a panel of 6 judges. Each team had 5 minutes to pitch, and 5 minutes to answer a Q&A session. Notable judges included Alena Vranova, co-founder of TREZOR and the former CEO at SatoshiLabs, Sheetal Jaitly, CEO at TribalScale and Aaron Grinhaus, Managing Partner at one of Canada’s leading Blockchain and Cryptocurrency law firms.
SmartRefer’s presentation focused on the HR technology space, which is a rarity in the FinTech-focused blockchain community. The team comes from a diverse set of industries; however, all have extensive experience in technology and recruiting. Bell Canada Enterprises, The Legal Innovation Zone at Ryerson University and Randstad Canada are a few of the companies SmartRefer’s team members stem from.
Founder and CEO of SmartRefer, Brian Daley, empathized with the collective exhaustion most people experience when looking for a new job:
“When you’re employed, you’re hot. You’re getting calls from 20 recruiters a day offering you the sun, moon and stars. Unemployed? Frankly, you’d be lucky if your own mother hired you!”
With a background in technical recruitment and finance, Brian began developing SmartRefer as a platform to solve issues he saw daily in the job search market.
“Employers can sometimes struggle with hiring a diverse team, especially if they only use one or two methods for sourcing candidates. Implicit bias is a real thing. Focusing on personalized referrals will help massively, especially in a place like Toronto.” said Brian.
SmartRefer uses a crowdsourced model to save employers between 15%-25% on outsourced recruitment fees. Users refer friends, family and associates for technology jobs, getting paid a referral reward for successful referrals that get hired. All users that are a part of the referral process will receive a piece of the referral reward.
Already finished on their GitHub, SmartRefer plans to implement Ethereum-based ERC223 contracts into their platform, but not right away.
“The platform will end up being 90% decentralized,” said Brian. “Smart contracts and crypto-tokens will allow us to scale globally, without worrying about FIAT conversion fees eating away at our user’s referral rewards across country lines.”
“However, in Stage 1, we’ve decided to just focus on building the app’s core referral functionality, using regular currencies to incentivize users to send referrals. We’ll pilot and grow the user base for a while, before going full decentralized.”
SmartRefer will not be going the full ICO route presently. Instead, they will be raised using a combination of a traditional seed round and private pre-sale starting Q1 2018. Interested investors can reach out to the team at email@example.com.
Other platforms awarded prizes by judges that night included CubeMonk, Espresso, and DubTokens.
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