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bitJob Raises $2 Million to Launch Decentralized Platform for Student Employment

bitJob has announced it has raised an initial $2 million USD to launch its global, decentralized marketplace for student employment powered by Blockchain technology.

Aimed at revolutionizing the way students make a living and gain occupational experience, bitJob offers students the opportunity to earn income and sharpen their skills while enriching their resumes, all within bitJob’s Blockchain-based ecosystem of networking, compensation, rewards, and incentives.

More than 1,200 participants have participated in bitJob’s STU token sale which concludes this week.

While more than 70 percent of students work during college, many are underpaid and not given the opportunity to develop skills required to be competitive in a global economy.  Blockchain technology has the potential to change how students find employment and get paid fairly, and bitJob is leading the way with the launch of its decentralized marketplace. bitJob’s platform starts with a hybrid model, allowing students and employers to transact with PayPal or cryptocurrency, with incentives for using cryptocurrency.

“bitJob offers a real solution to student underemployment: an open-source, decentralized, and secure marketplace allowing students to convert their free time into income while enriching their professional experience,” said Dror Medalion, CEO of bitJob. “In addition, employers will be able to develop talent from a global pool of students eager to apply their higher education.”

While most freelancing sites are burdened by fees, bitJob leverages Blockchain technology to allow students to be paid instantly in cryptocurrency through its STU token from anywhere in the world. This offers the added benefit of introducing students to Blockchain, one of the most in-demand technology verticals in the world.

bitJob has partnered with several institutions to grow its network of students and employers, including the Government of the Netherlands, Blockchain Education Network, Blockchain Association of Canada, Cyprus International Institute of Management, and the Israeli Students Association.

Richard Kastelein
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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