U.S. Markets closed

Job marketplace site plans to move 700,000 profiles onto EOS blockchain

Carol Gaszcz
Following a $5 million investment round led by FinLab EOS VC fund, freelance job-search website Moonlighting is planning to move its infrastructure onto the EOS blockchain, CoinDesk writes.The post Job marketplace site plans to move 700,000 profiles onto EOS blockchain appeared first on The Block.

Following a $5 million investment round led by FinLab EOS VC fund, freelance job-search website Moonlighting is planning to move its infrastructure onto the EOS blockchain, CoinDesk writes. The company has 700,000 users and is planning to grow its base further with the new funding.

According to Moonlighting CEO Jeff Tennery, putting user profiles on the EOS blockchain will enable them to import it on any platform; quickly and "with low transaction costs." It will also give them the power to manage how their profiles are used. In addition, the firm will experiment using the technology to authenticate users' training certificates.

However, not all data will be put on the blockchain in plain-text, securing some data with hashes dependent on Moonlighting’s centralised database. 

The lead investor, FinLab EOS VC fund, is a joint venture between FinLab AG and Block.one. Block.one developed EOSIO software on which the EOS blockchain runs. Both aim to foster the adoption of the EOS blockchain by investing in startups willing to migrate onto it.

Tennery claims the company had an eye on blockchain protocols since late 2017, having also previously considered an ICO. He added Moonlighting has “chosen EOSIO due to its ability to scale transaction processing."