cryptozzz: EctaSatu

The leading global blockchain-based employability protocol for developers consists of KYC verified members who offer various skills to demanding entities in an easy and zero-risk manner for a successful completion of specific tasks. The heart of the protocol is a matchmaking engine powered by artificial intelligence, which, based on a continuous in-depth data analysis learns about the skills and talents of individuals worldwide. It then suggests to demanding entities the skills/talents which may add value to their concept and contribute toward a successful realization.

Blockchain component of the platform timestamp each interaction and arrangement reached, as well as execute it as per defined conditions from the smart contract.

The Problems Facing the ICO Market

Investor’s Perspective

The total amount of funds raised via ICOs is approaching US$5 billion, twice the volume of venture capital (VC) investments in blockchain projects. Since late 2017, the ICO volume has been slowing down, and fewer projects are reaching their fundraising goals. ICO investors are buying tokens which are, in most cases, a type of payment on a blockchain platform. The platform itself is usually in the development stage at the time of the ICO and the token contains.\

Blockchain Platform Market share in ICOs

ICO valuation is often based on the “fear of missing out” instead of project development forecasts and the nature of its token. A lack of fundamental valuation leads to extreme token price volatility in post-ICO trading. The volume of ICOs draws hackers’ attention. More than 10% of ICO proceeds are lost because of attacks. In addition to losing funds and increasing project risk, investor personal data is at risk of being exposed.

Developer’s Perspective

The blockchain industry does not look the way it should in the age of digitalization and decentralization. On one hand, the blockchain ecosystem is experiencing exponential growth in value creation across the globe while the availability of blockchain educated professionals and industry specialists remain extremely limited.

Solution

In the following case we have demonstrated the concept how talented

developers across the globe cooperate with the parties in demand in a safe way thanks to usage of our AI algorithms, fungible ECTA PAY tokens and nonfungible ECTA SKILLS tokens (non-transferable).

Developer Recommendation:

Based on developer tags and project tags, recommendation AI algorithms will be used to recommend developer hires that are relevant to the project s required skills and technologies.

Project Price Recommendation:

Using prior projects data, a cost breakdown estimation will be presented to idea holders. The breakdown will consider the project’s timeline, selected developers mean daily rates, and developer bidding habits. Idea holders can then reuse some of the knowledge presented to them to set a sensible price for every project step or activity which will be the base of developers bidding process.

User Benefits

All platform users who hold ECTA PAY tokens will be able to boost their potential globally while networking with parties who share complementary values, vision, and skill sets. Thanks to the AI feature which gives “virtual assistance” to the platform, everyone saves precious time, will eliminate significant costs, deal only with verified parties, get paid without any risk, and will be rewarded for the community aligned actions.

Developers

Developers can unlock their intellectual potential on the global scale andn(instead of offering their skills to everyone everywhere) get discovered bynverified parties because of revolutionary AI feature of ECTA platform and mined ECTA SKILLS tokens (ERC721). Additionally, they can continuously educate themselves in a dynamic environment via the “learning by doing model” as well as create new references/recommendations on the global scale upon completed tasks and feedback created by ECTA community.

Clients

Individuals and companies will be able to discover talents for their work so they won’t face unnecessary frustration due to team members lacking certain skills that are necessary for fulfilling their tasks within a reasonable timeframe.

Thus, it is now possible to eliminate an enormous time loss associated with seeking or pending for a free slot while dealing with traditional providers of blockchain, AI and IoT services.

ICO Details