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Propellant

Revolutionizing Talent Acquisition with Blockchain Verification

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Description

Pro_pellant addresses the critical challenges faced by both employers and job seekers in the current talent acquisition landscape. Employers spend hundreds of millions annually seeking qualified employees, considering that a lot of employees lie on thier resume. Also, job seekers struggle to effectively showcase their skills and experience, often hindered by ineffective CVs and a lack of verifiable credentials. Pro_pellant solves this by providing a platform where job seekers can build verified, blockchain-backed professional profiles, and employers can confidently identify and recruit top talent.

Pro_pellant is poised to disrupt the talent acquisition market in Nigeria, a market valued at over $500 million with over 80 million active workers and 10 million active job seekers. The current landscape presents challenges for both employers, who struggle to identify qualified candidates, and job seekers, who find it difficult to showcase their skills and experience effectively. Pro_pellant addresses these pain points by offering a unique platform that combines AI-powered CV enhancement with blockchain-based verification, creating a more secure and efficient talent acquisition process.

Value Proposition and Core Innovation: Pro_pellant offers significant value to both job seekers and employers. Job seekers benefit from AI-enhanced CVs tailored to specific roles and industries, increasing their chances of passing Applicant Tracking Systems (ATS) and landing interviews. More importantly, the blockchain-based verification system allows users to showcase verified skills, work experience, and workplace validation, giving them a competitive edge and building trust with potential employers. Employers benefit from a reduced time-to-hire and increased candidate quality by accessing a pool of talent with verified credentials, minimizing the risk of mis-hires. Pro_pellant's verification portal will reduce verification time.

Pro_pellant's unique value proposition lies in its integration of AI-powered CV enhancement with blockchain-based verification. This ensures that candidates can present themselves effectively while providing employers with irrefutable proof of skills and experience.

Key Features:

  • User Skills Verification: Allows users to request verification of their skills from colleagues and previous employers, with attestations recorded on the Xion blockchain.

  • User Work Verification: Enables users to verify their employment history and accomplishments through their company, with validated data secured on the blockchain.

  • CV Enhancer: Leverages an AI model to rewrite and optimize CVs, ensuring they are ATS-friendly and effectively highlight the candidate's strengths.

  • Tailored Application: Helps users tailor their applications to specific job requirements, increasing their chances of success.

Target Audience, Market & Market Size: Pro_pellant is initially targeting the Nigerian job market, with plans to expand to other African countries. The addressable market includes over 10 million active job seekers and a vast number of employers across various industries struggling to find qualified candidates. Pro_pellant targets both job seekers and hiring teams. Job seekers benefit from a platform that empowers them to showcase verified skills and experience, while hiring teams gain access to a pool of talent with validated credentials, reducing the risk of mis-hires.

Revenue Model: Pro_pellant will generate revenue through a subscription model for job seekers, offering AI-powered CV creation services at a competitive price of 1,000 Naira per CV. This is significantly lower than the market average of 30,000 to 50,000 Naira, making it accessible to a wider audience. Pro_pellant projects to generate 16 million Naira in revenue within the first four months by creating 3,000 resumes monthly. Future revenue streams will include tokenizing the platform, rewarding users with custom tokens for engagement.

Customer Acquisition Strategy: Pro_pellant will leverage a multi-pronged customer acquisition strategy, including:

  • Organic Growth: Capitalizing on an existing pool of over 1,000 potential users eager to try the application upon launch.

  • Referral Programs: Incentivizing existing users to refer new users.

  • Social Media Marketing: Engaging with the target audience on relevant platforms.

  • Occasional Advertising: Running targeted ads to raise awareness and highlight Pro_pellant's unique value proposition.

Competitive Advantage: Pro_pellant differentiates itself from competitors like Grammarly, Resumeworded, and FlowCV by offering a unique combination of AI-powered CV enhancement and blockchain-based verification. This integrated approach provides job seekers with a significant advantage in the job market and gives employers greater confidence in candidate qualifications. Competitors lack the verification aspect, which is a key differentiator for Pro_pellant.

Team & Expertise: The Pro_pellant team brings over four years of experience in building scalable software applications and providing resume writing services. This expertise, combined with a deep understanding of the Nigerian job market, positions the team for success in executing the business plan.

Scalability: Pro_pellant is designed to be scalable, with the ability to accommodate a growing user base and expand into new markets. The platform's architecture is built to handle increasing data volumes and transaction loads.

Financial Projections: (Note: I'm missing detailed financial projections but you can add these in). Pro_pellant projects significant user growth and revenue generation within the first year. The team is committed to building a sustainable and profitable business that delivers value to both job seekers and employers.

Xion Blockchain Integration: Pro_pellant leverages the Xion blockchain in several key ways:

  • Authentication: New users must register via the Xion blockchain, ensuring a secure and auditable onboarding process.

  • Data Validation: Workplace and skill validations are recorded as immutable transactions on the Xion blockchain, providing a tamper-proof record of a candidate's qualifications.

  • Badge Verification: Badges earned by users are also stored on the Xion blockchain, allowing employers to verify their authenticity.

Project Stage: Pro_pellant has successfully completed its MVP.

Future Development: Pro_pellant plans to enhance its MVP by incorporating additional features and forging partnerships with hiring agencies to accelerate user adoption. The team intends to explore further integrations with the Xion blockchain to enhance security and transparency.

Website

Frontend code

Progress During Hackathon

MVP was built to implement the abstraction and treasury contract and was also linked with AI and communication from the backend to the smart contract.

Tech Stack

Python
React
Next
Web3
Rust

Fundraising Status

Plans for fundraising will be out soon.

Team LeaderPPraise Ubong
Sector
SocialFiAIOther