CTE design concept

Introduction

CTEChain full name Career Trust Ecosystem Chain, is a decentralized recruitment protocol based on social networks, is committed to build a “everyone is a headhunt- ing” recruitment society. CTEChain does not cache data, protects personal privacy, effectively prevents fraud and supports two-way anonymous transactions and other characteristics, to establish and optimize recruiter, job seekers’ occupation data structure. CTEChain is targeted to create a unified, on-demand, customized user in- centive system for everyone. And issues a Career Trust Ecosystem Coin (CTECoin) based on blockchain encryption technology.

CTE Coin refers to the native token on CTEChain. CTE Coin is committed to becom- ing the digital currency standard that serves as incentive for all Internet users around the world.

CTEChain hands over content control to the user entirely.Users can create, share data, generate revenue, and disseminate information based on social networks. Allows users to run nodes on their own devices to access the network. Nodes and nodes are in real-time interconnection. User information is stored and encrypted on network nodes from a distributed cloud. According to blockchain technology, data is redundant storage. Only the person who has the secret key can access the data. The network provides compensation to users who make storage and computational contributions. In addition, rewards are also provided to users who create and distrib- ute content. Through Six Degrees of Separation can quickly locate the appropriate employee recommendation. Every CTEChain user can be a headhunter. CTEChain fully solves the pain points existing in the traditional human resources system and will overturn the hiring of traditional human resources enterprises such as LinkedIn, JOBS, ZhaoPin.com and lagou.com.

Recruiters can publish their hiring requirements and broadcast their own needs to the network. The system automatically push appropriate resumes to the recruiter based on the tags they configured. Recruiters can view the OCDS information of candidates. If the OCDS fits with the recruiters’ requirements, recruiters can sign a point-to-point contract with the candidate. When the process is done, Recruiters is going to pay the appropriate amount of token, which is decided by the requirements recruiters have set. At the same time, the recommender gets the token reward. As- suming the first referral of a friend does not meet the requirements, you can make a second referral and move on to the second friend, the third friend, … the nth friend until you complete your hiring.

CTE Applications & Examples

From a macro social perspective, social networking has brought new changes to the entire business community. It brought us a wide coverage, easy operation, low cost and so many other advantages in human resource management. The social network with a great radiation range will undoubtedly become a CTEChain landing applica- tion channel and will easily form a two-way interaction to manage human resources and make everybody a headhunter, thus enriching the information resources and social connections CTEChain delivers. Combined with the Six Degrees of Separa- tion, it help recruiters, job seekers to make more accurate matching decision. There- fore, CTEChain will be used in all social networking scenarios, such as Facebook, Twitter, WeChat, Weibo and other social media.

Take WeChat Moments as an example: “A” posts a job requirement for a blockchain technician within CTEChain’s dApp, he pays a certain token as reward to broadcast his requirements to the network. “B” re- ceived the request and found that there are friends in the blockchain field. He then reposted the request to social network, which in this case, WeChat Moment. “B” ‘s

Reward Mechanism

POR is short for Proof of Recommend. The user gets reward by authorizing and in- troducing the friend’s data. Mining is one of the most important part of user rewards. By recommending friends’ personal information, users form a OCDS, and when the recruitment finished, users are rewarded with the corresponding token. So that users can be encouraged to offer more and more OCDS under this incentive.

Reward calculation method:

Token(Original Publisher) = Token (Recommender 1) + Token (Recommender 2) + … + Token (Recommender x) + Token (applicant) ;

Recommenders’ rewards calculation method:

token (recommender) = {token (publisher) -token (applicant)} / recommender * x;

if the percentage of applicants is a fixed 60% of all token reward, the recommend- er’s reward calculation method is: token (Recommander) = Token (publisher) * 40% / x; (x stands for the amount of rec- ommenders)

CTE advantage

1. Occupational Combined Data Structure (OCDS) fraud control mechanism.

(1) Higher user access verification threshold.

(2) Provide cross-verification and fraud warning mechanism.

(3) Set complaint mechanism and broadcast the whole blockchain network.

(4) OCDS recovery certification mechanism.

2. Personal privacy protection

(1) Personal privacy OCDS transactions must be authorized by themselves.

(2) Protect personal privacy and check the authenticity of OCDS.

(3) Ensuring the legitimacy of OCDS.

(4) Data copyright authentication mechanism.

(5) Each OCDS has a unique data copyright.

(6) Make sure that the producer has the only copyright and profit.

(7) OCDS piracy early warning mechanism.

3. Two-way anonymous mechanism

Blockchain is open and transparent, all records are traceable, but in some sce- narios users will need to be anonymous, so here CTEChain also introduced a two-way anonymous system, which completely protect the privacy of both parties.

CTE is now open to trading on the HitBtc exchange

Official network link: https://www.cte.work/

Telegram link: https://t.me/CteOffical