• Artificial Intelligence
  • Business services
  • Platform

Magnetics 3/5 (1) - Decentralised ecosystem

The Magnetics platform will record, verify and evaluate a worker’s employment background, qualifications and life experience (including references, culture, communication skills, network, grades etc.). Magnetics’ networked intelligence systems will validate and quantify this data to produce a verified adaptability score called the Magnetics Employment Capital Score (MECS). By ranking a worker’s MECS against the Magnetics Employment Capital Index, recruiters and employers can measure the value of each candidate for current vacancies and future skill requirements. Magnetics will suggest suitable roles and recommend development mechanics (e.g. training and education) that will help them...

Token sale ended

3.0
Hype1.0
Security3.0
Team4.0
Vision4.0
  • Token: KLIX
  • Price: 1 KLX = $0.09
  • PreICO start: 15 Jun 2018
  • PreICO end: 14 Oct 2018
  • ICO start: 19 Oct 2018
  • ICO end: 8 Dec 2018
  • Country: United Kingdom
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The Magnetics platform will record, verify and evaluate a worker’s employment background, qualifications and life experience (including references, culture, communication skills, network, grades etc.). Magnetics’ networked intelligence systems will validate and quantify this data to produce a verified adaptability score called the Magnetics Employment Capital Score (MECS). By ranking a worker’s MECS against the Magnetics Employment Capital Index, recruiters and employers can measure the value of each candidate for current vacancies and future skill requirements.
Magnetics will suggest suitable roles and recommend development mechanics (e.g. training and education) that will help them improve their MECS thus improving their ability to adapt for future shifts in global skill requirements. The functionality of the MECS tool will make it relevant to everyone and not just those seeking employment. The MECS tool will be accessed by users through a comprehensive dashboard based portal.
MECS will give job seekers the ability to keep a check on recruitment agencies and ensure they are putting them forward for the correct roles. MECS will give current workers the insight needed to move into new and desired areas of employment.
The Magnetics platform will provide multiple support systems for recruitment agencies.
The MECS data can be used by recruitment agencies to widen the pool of suitable candidates for roles by recommending candidates with skillsets that sit outside of the specific job specifications but match or better the role in terms of suitability. Magnetics will support the recommendation of candidates to recruitment agency clients with verified and easily accessed proof of suitability and ability to adapt.
The Magnetics platform will deliver wide reaching efficiencies for recruitment agencies by collating and reporting on the ability of workers to adapt to ever changing roles. Analysis and trend data will be accessed through varying degrees of agency privilege.
MECS data will empower employers in a number of ways. MECS data will be used by employers to check that candidates have the required skills to meet the requirements of specific roles and the propensity to adapt to their developing workforce. Magnetics will allow employers to track vertical trends and map skill requirements against projected growth.
The Magnetics platform will allow users to control their increasingly valuable data and monetise it effectively.

Klix Token
The Magnetics cryptographic token (Klix) will be introduced to create cryptoeconomic incentives on the Magnetic protocol. Klix is a utility token which will be designed to support and maintain the platform. Tokens will be used to pay for services offered by the Magnetics platform and data exchange between system users. It will be also a fungible tool for application participants who want to buy/sell the tokens to use on the platform. The number of tokens is limited.
Magnetics is a multi-chain solution that consists of a data protocol for third-party applications, a user identification system, data exchange, P2P job marketplace, a verification system, payments and reputation management. All together, these features form a multifunctional infrastructure for the creation of a unified ‘Role Suitability’ and ‘Ability to Adapt’ system.

The Magnetics Solution
Magnetics human resource and career management platform will empower global users (job seekers, current workers, recruitment agencies and employers) with the ability to adapt to global shifts in the employment landscape. Magnetics will achieve this by standardising and decentralising the metrics used to measure human resource suitability and adaptability. These metrics will combine to deliver the Magnetics Employment Capital Score (MECS) and Magnetics Employment Capital Index (MECI).
Magnetics is a decentralised and reliable solution for applications and people based on public blockchains and distributed ledgers.
Our solution consists of multi-chain data protocol for third-party applications, a people identification system, an experience verification system, a transferable skills identification system, an employment adaptability indexing system (MECS), data exchange, job marketplace, a verification system, and a 3rd party DApp integration system.
Combined, these features form a multifunctional infrastructure for the creation of a unified human resource and career management platform.
We are committed to developing an opensource solutions for sharing verified data to create robust human resource and career management in an ever changing and decentralised world.

Team

Adam Kilshaw

CEO, Co-Founder

Kevin Gornall

Co-Founder

Leslie Dundas

Co-Founder

Johnny Marques

Head of Creative

Oliver Van-Hay

Head of Commercial

Nate Raine

Head of Marketing

Will Liddle

Legal Liaison Officer

Raj Pakiyanathan

Development Manager

Advisors

Milestones

  • Phase 1 - Q1 2019
    Design of user Magnetics user profile interface and architecture
  • Phase 2 - Q2 2019
    MECS verification functionality design and development
  • Phase 3 - Q1 2019
    Develop of primary smart contracts and token functionality for MECS powered Magnetic services
  • Phase 4 - Q2 2019
    Recruitment agency functionality optimisation
  • Phase 5 - Q2 2019
    Release of Magnetics Data Protocol
  • Phase 6 - Q3 2019
    General access release
  • Phase 7 - Q4 2019
    Release of MECS Score and indexing dashboard UI

Token

  • Platform: Ethereum
  • Price: 1 KLX = $0.09
  • Accepting: Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Litecoin (LTC) and fiat payments
  • Token distribution: Main Sale 30% Pre-Sale 23% Private Sale 17% Bonuses & Bounty 16% Reserve 7% Team & Advisors 4% ICO service provision 3%
  • Hard cap: $ 35,677,500

Proof Points
3/5

Legal entity

https://portal.kyckr.com/

 

Prehistory of project

No prehistory of project was found.

Product or its MVP

No working product or its MVP are presented.

Blockchain experience

Nate Raine – Director of Marketing and Communication at https://shivom.io/
Raj Pakiyanathan – Financial Controller at http://emurgo.io/
Finance Manager at http://everledger.io/

Escrow

No escrow information was found.

Comments

Updated 28.10.2018

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