Jiang Chun Yi Suan Wan: Work X

Work X

About Work X

Work X is building a highly efficient platform economy to connect service providers with customers. By eliminating commercial fees, Work X is able to minimize the costs of labor and optimize salaries. Work X provides a solution using Self-Sovereign Identity to let people regain control over their personal data. In this way, people will be able to own and control their own data by linking it to their digital identity. When an employee or candidate completes an assessment, development course or other education, they can easily link the achievement or diploma to their digital identity. This has many advantages for all participants in the ecosystem. The employer does not need to worry about storing the sensitive information because the employees control it. Employees will be able to store credentials for the rest of their career (even if they switch jobs) and they have the assurance that commercial third parties are not able to monetize their personal data. To pilot this new technology, WorkPi is supported and funded by the Economic Commission within the eSSIF-lab. Because A.I. algorithms are currently not able to learn from private data stored in SSI wallets, we are introducing a new method called ‘Compute-to-SSI’ that leverages existing technology of Ocean Protocol.

Work X: The Future of Organizational Development

Offering comprehensive tools, Work X empowers organizations to measure skills using an assessment marketplace. As the integration of individual assessments is a very time- and resource consuming challenge, Work X eliminates the switching costs by offering a marketplace where employers can utilize various assessments on-demand. With the Work X application, exclusively available at www.workx.io, companies such as APG can instantly generate anonymized succesful job profiles that can be used for development & hiring purposes. The platform offers:

Employee Data Profile:

An interactive profile on www.workx.io where employees control and manage their skill measurements and get personalized development suggestions.

Assessment Platform:

A diverse assessment marketplace to measure various skills in > 14 industries, only on Work X!

Development Lounge:

a platform dedicated to cultivating decisive skills, blending online and offline training modules.

AI Job Assistant:

Instantly get personalized AI suggestions for relevant skills, jobs & development courses to bridge the skills gap

Cost Efficiency with Work X

Work X doesn’t just bring innovation; it’s also cost-effective. When companies create a job posting, they only have to pay a small fee to cover the costs for running & maintaining the Work X platform. In this way, heavy recruitment fees up to 40% of a yearly salary are saved. Learn more on www.workx.io and the whitepaper.

The Future is Bright with Work X

APG is pioneering the way by adopting Work X’s strategies, positioning itself as a data-driven innovator. As the digital realm grows, Work X’s commitment to leveraging AI, machine learning, and data analysis sets it apart. Dive deeper into these offerings at www.workx.io.

In the larger picture, Work X isn’t just about a single organization. The vision extends to transforming the entire employment ecosystem. With platforms like www.workx.io, the potential for change is limitless.

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Roadmap

Team

Partnership

Tokenomics

The $WORK token is intended to provide digital access to the platform by means of a blockchain-based infrastructure. In this paragraph we will shortly summarize the different use-cases to answer the question how the token has utility. In the near future we will present additional token use-cases so stay tuned!

Token Utility 1: Get Access to Platform Services
To access services on the Work X Platform such as posting jobs, skill assessments, development courses, the AI-Assistant, and many other services on the platform, users need to possess the $WORK token. Other examples of costs we need to add to our transaction fee requirements are for example AI tokens, running servers, development grants, etc.

Token Utility 2: Collateral for Job Listings
To make sure that all job listings comply with the code of conduct of the platform, tokens have to be deposited.

Token Utility 3: $WORK Platform Support Rewards
Users of the platform who hold $WORK tokens and add to the liquidity will be rewarded with $WORK tokens within an NFT for their support of the platform and community. As they are contributing more to the maintenance and continuation of the platform, they are important for the future of the platform and deserve to be rewarded.

Token Utility 4: Platform NFT’s
When users get achievements on the Work X platform they will be rewarded with an NFT that holds an amount of $WORK tokens. By holding and adding to the liquidity of the $WORK token, they will be rewarded with an appealing APR on top of their tokens.

Token Distribution and Fund Allocation

At the the Token Generation Event (TGE), the generated tokens and funds will be allocated proportionally to different use-cases and operations. In the ”Vesting” column of Table 1 you can see the vesting period of each of these token allocations in months. Not only tokens bought by early buyers will have a vesting period, in fact the buyers have some of the lowest vesting periods while most of the Work X allocations vest over longer time frames. For example the intended DAO will gradually unlock it’s funds over 5 years without any tokens being unlocked at TGE.