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


Share with:

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.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
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, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles