What is Neunet?
Neunet is an ecosystem. The first platform to be built will be an Artificial Intelligence platform that will intelligently match for the right and best fit between employment opportunities and talent. The platform will use unbiased algorithms to ensure no discriminatory practices in the initial hiring practices. In addition, we will use an independent algorithmic auditing consultant to ensure our algorithms are kept ethical.
The Neunet Ecosystem
We will be creating a blockchain based system to transport sensitive data between employers and employees. As talent use Neunet to find employment opportunities, the next step that is required of them is to accept the offer and, upon doing so, providing the employer their Personable Identifiable Information (PII) such as their social security, driver’s license, bank account information, etc. The transportation of information would work as the following:
Employees will store their personal data and information bank account details, national Insurance number, copies of your driving license and passport on the blockchain, which they will have complete control over. We will create decentralized databases for employers to store employees' PII. The PII in the database will only be used by administration of the employer. Newly hired employees would send information from their wallet to the employer's address which would place the employee's PII in the employer's database. When an employee leaves the company, they can simply remove their data from the database. Feel free to read more in our Whitepaper.
This system will also use Neunios as its currency of usage. Neunio is a cryptocurrency that we will be creating for using the ecosystem created by the Neunet team. It has various uses such as having users onboard and it will be the currency which people exchange with on the platform. When we integrate Neunios onto the platform it will act as the currency for membership for both talent and employers. The Neunios will be used as a credit system where users will use their Neunios to apply to employment opportunities and in contacting potential candidates.
What problems are we solving?
- Hiring the right person: The employment crisis going on in the world and more specifically in the U.S. is twofold: lack of productivity and its effect on the GDP, and the lack of diversity in the workplace. The lack of productivity is a causation between the employers and employees being a poor match. According to a recent 2016 article by the National Federation of Independent Business, around 47% of small businesses cannot find qualified applicants for open positions. This statistic is backed up by a recent study conducted by the Pew Research group which found that 50% of SMBs aren't getting the talent they need for their job openings. According to a recent Harvard Business Review, 80% of employee turnover is the result of poor hiring decisions, around 36% of new hires fail within the first 18 months, and the cost of replacing this hire can cost a firm anywhere between a third of their first-year salary to around $250,000.
- Diversity in tech and in the workplace: For years, firms - whether in the tech industry or in corporate America - have all vowed to make diversity a top issue of their agenda, yet diversity in the workplace remains an issue in the U.S. The U.S. Equal Employment Opportunity Commission has found that as of 2014, blacks and hispanics only represent 1.9% and 4.4. % respectively of the professional-level workforce. According to the same study there are 13% of black and 16% black women with tech degrees working in unrelated fields in comparison to 7% for white males citing the exclusive environment as a cause as well current recruiting processes. According to a 2017 article by the Huffington Post, despite more talented women and minorities in the talent pool for companies to choose from, "there are now twice as many men as women with the same qualifications working in STEM fields, and top universities are producing black and Hispanic computer science and engineering graduates at twice the rate that leading tech companies are actually hiring them." This problem has become a norm for way too long and costs firm. The Center for Talent and Innovation has found that "companies with diverse employees and leaders are 45% more likely to grow market share over the previous year and 70% more likely to capture a new market."
- Transportation of Employee Personal Identifiable Information: Companies currently either use third party providers or store the information using their own servers and are looking for more privacy and secure methods in a world where cybersecurity has never been more of a concern. According to a 2017 Forrester Study, 90% of data security professionals still challenge with data security issues. In the same article, around 41% of firms do not know where their data is stored, 66% of companies fail to classify unstructured data, and more than 60% of data security professionals attest their organization does not limit access with a least privilege model.
The Pre - ICO Sale:
The Pre - ICO will begin November 22nd and will end December 8th.
Our goal is to raise $600,000 where will be releasing 10,025,640 Neunios (2%) from the total supply of coins issued. The Pre - ICO will be used to help raise capital for early development costs for the platform and to help our team in preparation for the ICO in May of 2018. Below is how we will allocate the capital:
We will only be accepting BTC, ETH, and USD. The conversions for the Pre - ICO will be as followed:
1 BTC = 66,666 NEN
1 ETH = 5,512 NEN
1 USD = 25 NEN
The distribution of our coin will be after the crowdsale is complete.
For more information on how to purchase coins and our Whitepaper outlining our product and platform visit our site at:
neunio.ioIf you wish to contact us for more information, feel free to email us at
info@ideaxdesign.comPlease note all announcements and updates will be made via our social media platforms and online forums and will come from members of the team only.
