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R_Block Whitepaper

_Whitepaper_ - V2 Of the Whitepaper. Outlining the broader network scope and it's benefits.

White Paper posted 1 year ago

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George Bennett
I like the idea of preserving user privacy – but why does it need a token?
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ZINC
Thanks @GeorgeBennettGB ! We’re launching a CVToken to put the right incentives in place for Referees to share quality reference data. Referees will earn tokens for completing references and Workers will earn tokens for releasing contact details. Employers will need tokens to interact with Workers. Our aim is for R_Block to become the world’s first skills ledger & careers ecosystem where references incentivised and become a valuable tool for hiring – not just a last-stage barrier.

The R_Block token sale launches on January 30th (in 6 days) and you can sign up to our whitelist for a 30% discount. You can read our white paper here ……. and we’ll be online all day today to answer any questions.
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George Bennett
@GeorgeBennettGB @_R_Block Thanks for your response. Will continue looking through the paper.
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mind of a man
@GeorgeBennettGB @_R_Block and so someone that earns some tokens for completing some references etc. What can they then do with the token? If I am to get an incentive in the form of a token I have to be able to do some with that token.
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mind of a man
@GeorgeBennettGB @_R_Block Thanks for those responses. Why could this not all be done using ETH versus using CVT as a single domain token that I then have to manage?
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mind of a man
@_R_Block Thank you for your responses.
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ZINC
@GeorgeBennettGB @_R_Block We're also in talks with a number of exchanges to have CVT listed. You can read more about the project here: http://rblock.co/?utm_source=Tokendaily
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ZINC
@GeorgeBennettGB @mindofaman Good question. We’re using our own consensus methods, in partnership with the POA network. The way transactions are verified on the R_Block network means we can’t use Ether. Using a ERC20 token gives us more flexibility in this respect.

We’re the first European partner for the POA infrastructure and they will be actively contributing to the development of the R_Block ecosystem.
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ZINC
@GeorgeBennettGB @mindofaman Thanks for taking the time to offer your insight! We'll be online all day if you have any further questions.
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ZINC
@GeorgeBennettGB @mindofaman Good question. In short, Employers will need CVToken to access user contact details and to have references completed on their behalf. Meanwhile, Workers can use CVToken to turn their R_Block profile into a URL shareable outside the platform – if they wish to do so.

The ethos to understand is that everyone who shares data in the R_Block network is rewarded:

1. A company pays in CVT for a reference which is held in a smart contract. Referees (Ex-Managers or HR staff) are rewarded for providing detailed and factual information for the network and so can earn this fee.

2. When companies search for workers, they get intelligently matched to profiles based on the proven skills workers have been rated on. With no other information around available - (this is how we remove prejudices). A company will pay in CVT to send workers a message (like a Linkedin inMail fee). Then if a worker is interested and they wish to respond they will earn the fee in CVT by sharing their full profile and responding. The above interactions happen within the R_Block network.

3. If a worker wishes to turn their profile into a live URL and host as a public web page their is a monthly subscription fee in CVT. Hence the holding nature of CVT.
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