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  • Writer's pictureEko Lance

SBTs and How to Build Onchain Reputation and Credential

Updated: 2 days ago

A visual with the words; SBTs and how to build an on-chain reputation and credential.

In the Web3 and digital economies, the challenge of authenticating professional achievements and experiences has never been more acute. Employers often face hurdles in verifying the training and work history claims of potential hires, while professionals grapple with the cumbersome process of proving their qualifications and experiences. The result? Missed opportunities on both ends, with talent and organizations struggling to connect in meaningful ways. 

We are bridging this existing gap in credential verification by utilizing the power of Soulbound Tokens (SBTs) to transform the way credentials are shared, verified, and valued in the Web3 ecosystem. Our unique SBT integration within EkoLance and our online hackathon platform, techFiesta, provide verifiable proof of educational and career achievements.

A visual depicting a sample of different types of EkoLance SBTs

By participating in our tailored training sessions, hackathons, developer challenges, and crowd tasks, professionals can earn SBTs that serve as irrefutable proof of their skills and career achievements. This not only simplifies the verification process for employers but also empowers professionals to showcase their skills and experiences confidently and transparently.

What are Soulbound Tokens (SBTs)?

Soulbound Tokens (SBTs) are a revolutionary concept introduced to the blockchain world, designed to represent an individual's identity, credentials, and affiliations in a non-transferable and immutable manner. Unlike traditional tokens or NFTs that can be bought, sold, or traded, SBTs are "soulbound" to their owner, serving as a permanent record of achievements, skills, and experiences. This unique characteristic makes SBTs an ideal solution for creating a digital, tamper-proof CV that accurately reflects a professional's journey and capabilities.

It originated from a concept proposed by Ethereum co-founder, Vitalik Buterin and other thought leaders. They envisioned it as a means to encapsulate an individual's social and professional identity in a decentralized context. 

How Valuable is SBTs to Professionals?

Image depicting an image of a user’s dashboard of the EkoLance SBT page

For professionals navigating the competitive landscape of the Web3 sector, SBTs offer a multitude of advantages. Here are some of the key benefits:

1. Immutable Proof of Achievement: Each SBT serves as an unforgeable record of a professional's achievements and work experiences, directly linked to their digital identity. This eliminates the need for traditional verification methods, making it easier for professionals to prove their credentials. This digital ledger, or "Digital CV," as we at EkoLance like to call it, provides a holistic and unforgeable account of an individual's skills and experiences, accessible to potential employers at a glance.

2. Enhanced Visibility to Employers: With SBTs, professionals can easily showcase their skills and experiences to potential employers, standing out in a sea of candidates. The digital CV dashboard will offer a comprehensive view of an individual's professional journey.

3. Streamlined Career Advancement: The ease of sharing verifiable credentials via SBTs simplifies the application process for new opportunities. Professionals can quickly and securely share their digital CVs with prospective employers, reducing the time and friction typically associated with job applications and talent scouting.

4. Lifetime Portfolio: SBTs offer professionals a way to accumulate and curate a lifetime portfolio of their learning and achievements. This ongoing record not only aids in career advancement but also fosters a culture of continuous learning and development within the Web3 community.

This SBT's integration within the EkoLance ecosystem goes beyond mere token issuance. Professionals participating in any of our activities—be it training, hackathons, crowd tasks, or recruitment - are awarded SBTs that not only signify their accomplishments but also enrich their digital CVs with detailed metadata, including important details of the achievements, and even transaction hashes for verifiability. 

EkoLance is spearheading innovation by leveraging Soulbound Tokens (SBTs) to refine the processes of sharing, verifying, and valuing credentials within the digital realm. This strategic initiative directly addresses the industry's critical challenge of credential verification.

By embedding detailed information within SBTs, EkoLance significantly enhances the credibility of professional profiles, thereby streamlining the job application process. This innovation mitigates the traditionally cumbersome task of credential verification, facilitating a smoother interaction between applicants and employers. In an era where digital and physical identities increasingly intersect, SBTs stand as pillars of trust and authenticity. 

Let's now delve deeper into the transformative impact of SBTs on Web3 companies seeking professionals to work for them. 

Are SBTs Important to Talent Seekers?

A visual with the word; Are SBTs important to talent seekers

Companies are always on the lookout for innovative methods to find and hire skilled talent. Soulbound Tokens (SBTs) present an effective solution to this challenge. They simplify the hiring process by giving employers access to verifiable, blockchain-based records of a candidate's achievements and credentials. This shift to a more transparent, efficient, and reliable system moves us away from the traditional and often less dependable ways of checking professional backgrounds. SBTs help talent seekers in the following ways: 

1.  Smarter Hiring Decisions: With SBTs, companies can access a candidate's digital CV, a comprehensive record of their professional journey authenticated by blockchain technology. This not only speeds up the verification process but also ensures the integrity of the information presented, allowing for smarter, data-driven hiring decisions.

2. Enhancing Employer Branding: By issuing SBTs and collaborating with EkoLance to host training or launch hackathons, companies position themselves at the forefront of innovation. This not only enhances their appeal to top-tier talent who value forward-thinking employers but also underscores their commitment to transparency and technological advancement in the hiring process.

3. Building a Community of Talent: Through hosting events and issuing SBTs, companies can cultivate a vibrant community of engaged professionals. This ecosystem fosters loyalty and ongoing engagement, as participants are more likely to return for future training and networking opportunities, further enriching the talent pool available to the organization.

What Makes EkoLance Stand Out?

EkoLance represents a unique convergence of educational training, workshops, online hackathons, developer challenges, and job opportunities. These events are designed not just as avenues for learning and development but also as a way for professionals to accrue tangible, verifiable credentials of their skills and achievements.

What sets us apart is the promise of a digital CV dashboard, a feature that goes beyond mere token collection. This dashboard provides a visual and interactive representation of all SBTs earned, offering a detailed overview of all credentials. Each credential includes specifics related to the event/workshop or job for more transparency and transaction hashes for authenticity.

Another unique feature is the seamless integration of the Concordium wallet into our ecosystem. Upon completion of each event or training, participants receive an email prompt to mint their SBTs, which can then be viewed within their Concordium wallet, linked directly to our talent platform. This process not only ensures the security and integrity of the tokens but also enhances the user experience by making the management of SBTs easy and accessible.

Looking Forward

Image depicting what you should be looking out for from EkoLance in the coming months.

The upcoming launch of the digital CV dashboard and on-chain credentials is just the beginning. This functionality aims to revolutionize how professionals manage and present their on-chain reputations and credentials, offering a dynamic, interactive platform that brings the concept of a digital resume to life.

Beyond the dashboard, our vision includes expanding the types of activities and events that can earn users SBTs, integrating with more blockchain platforms for wider accessibility, and partnering with an increasing number of organizations to enrich the ecosystem further. Our goal is to make SBTs a universal standard for professional credentials in the Web3 space, enhancing the value they provide to both individuals and companies.

Join Us on This Journey: We invite both professionals and organizations to be part of this exciting evolution. Whether you're looking to solidify your on-chain reputation, verify the credentials of potential hires, or collaborate on hosting transformative events, EkoLance offers the tools and community to achieve these goals. 

We're not just revolutionizing the future of work; we're shaping the future of professional identity in the digital age!

About EkoLance

EkoLance revolutionizes the future of work by empowering professionals in Web2 and the blockchain industry. EkoLance has two products: an educational platform with training programs for upskilling in the blockchain space and a developer activation platform called techFiesta, where companies launch hackathons, developer challenges, and crowd tasks. EkoLance has a community of over 8,000 blockchain professionals.

Face matrix showing some of EkoLance Talents

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