It’s shocking just how much of our existence depends on one of the flimsiest material in existence; paper. Money, proof of identity, ownership, proficiency, residence, and qualifications, what these papers say about us takes precedence over any other thing. This is why 2.6 billion people are currently unbanked. For this population, their papers claim they either do not possess proper documentation, or are making enough to be recognized by financial institutions. This means no access to formal credit, savings, insurance, and payments infrastructure, leaving them vulnerable to exploitation. When these population need short-term loans for emergencies, they often resort to risky informal sources of credit like loan sharks or turn to high-cost formal lenders like pawnshops, car-title lenders, payday lenders, and small-loan companies

A Connect(Job) Solution

The FinTech industry has worked tirelessly to eliminate this problem, proposing mobile solutions to lower barriers to entry, improve regulations, and increase financial literacy.

Money transfer through mobile devices are increasingly becoming popular due to the convenience they afford users. Users no longer need to travel to a brick-and-mortar bank or wait long queues just to set-up or access their accounts. These services have enabled users pay bills, make deposits and other transactions through mobile apps or text messaging. Despite these improvements, banking services continue to remain a challenge for many who live from paycheck to paycheck, have checkered credit history, “or just do not have enough to keep in an account”. This challenges stems from one cause; centralization.

A Bankable Problem

Banks are highly centralized establishments, meaning there is always a network of third-parties mediating between you and your funds. Someone, somewhere has to check and verify what you’re sending or receiving and how it’s been sent and received, resulting in delays.

Banking services should be as simple as turning a key in a lock. Users should be able to freely access, withdraw, and receive funds from anyone, anywhere without subjecting themselves to torturous wait time. They should also be able to bank on these institutions to secure their ventures. Unfortunately for the unbanked, these institutions have failed them.

But not ConnectJob.

Teaching a Man to Fish: An Unbanked Solution

One of the biggest challenge of banking the unbanked is they either are not making enough to save or the cost of opening and maintaining an account is a dent their budget cannot afford. What most fail to acknowledge majority of this population are highly-skilled in what they do, but lack the means to monetize their ability.

Blockchain technology facilitates secure and immediate settlement of transactions without intermediaries. The technology allows users from anywhere in the world to exchange values with each other through immutable peer-to-peer channels. The decentralized network has no single point of failure and cannot be owned by anybody, creating a free and fair platform for users to interact. ConnectJob leverages this technology to create a global platform where users can share, exchange values, and store values.

The platform will bring banking to the unbanked by not just providing transparent, peer-to-peer channels for exchanging values, but also enable them to monetize their skills through its jobbing ecosystem.

With the world increasingly going mobile, ConnectJob will provide a wide range of on-demand services ranging from cleaning to driving, coaching, gardening, babysitting, laundry and many more. ConnectJob’s all-in-one jobbing ecosystem directly connects service seekers to jobbers. Jobbers will be able to offer their services on the platform securely and receive agreed compensation through autonomous and legally binding smart contracts. Users will be able to find and directly connect with highly-skilled jobbers in their location through geolocation.

Recently, ConnectJob concluded a three-month long, pilot test of its alpha version. The overwhelming response it received only indicated the market’s readiness for the product, but also their eagerness to get on board as soon as possible. This is why ConnectJob is offering CJT, the utility token powering all settlements on the ecosystem, to the public. Participants can purchase these tokens at 2400CJT/ETH. Tokens can be purchased using Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dash (DASH), or in fiat (USD/EUR). Offer runs from 12/01/2017 to 02/11/2018.

For more information please visit: http://ico.connectjob.io/

Media Contact: media@connectjob.io

Suites 7B & 8B, 50 Town Range, Gibraltar / +44 203 936 2998