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performance tool that measures insights that matter switch from annual appraisal
to an ongoing one so you can provide employees with feedback as it occurs not
once a year with performance wave employees can now receive feedback not
only from their managers but also co-workers customers and everyone they
work closely with employees can now do their
you anywhere anytime on their mobile or desktop and it takes less than 5 minutes
to complete for the first time ever managers have access to real-time data
to help identify hot performers and opportunities for improvement
performance wave puts people first in people management instead of searching
just a random job descriptions or CVS you're actually searching for relevant
performance information on individuals which will give you a stack rank from
say the best most relevant person all the way through to maybe the top 20 top
50 or top 100 and that's why we're doing this a CEO working capital to this
amazing ice to go to build these amazing products in the blockchain in in talking
with you last night I think one of the things I was enlightened to is the fact
that you know you guys have a legitimate business model that's based on and not
number one empowering the end-user the customer and also the service providers
the big the big companies the big clients and we talked about the
struggles in HR you know you talked about you being laid off I had a similar
situation where I was working for a big company and you know things didn't go
well and now I'm on to bigger and better ventures and can you talk a little bit
about how you're building your platform to incorporate number one trust
transparency and also empowerment for all the stakeholders yeah it's a really
good point wave base was built or being built so by people wave to really focus
on one key thing how do we give employees power over their own data one
of the biggest challenges is when you leave a company you have no record of
your performance you know it's sitting in somebody's head or you know some
piece of paper somewhere and it's lost but the reality is you know when a new
employer is looking to get a sense of your performance you know so many people
lie or embellish their accomplishments and so on so we realized there's a way
of actually giving employees power over their own data to tell their own story
but also allowing different stakeholders such as companies that want to hire you
recruiters and so on to actually look at performance data your strength of your
relationships your competencies your hard and sub skill
and also how well you did in in certain projects in the role to get a sense of
whether you'd be relevant for their role or not and there's multiple stakeholders
here first of all we reward individuals or employees for uploading verified
information they get people wave tokens for that and they can spend those tokens
actually to craft their own story if there's an amazing job opportunity they
want to have they can actually spend people with tokens a lot like how Google
does their their search base system you spend a few tokens to actually be listed
the very top the search results of course it has to be relevant but it also
allows you to craft your story maybe you want to emphasize things like your your
relationships or talk about your particular skills in relation to the job
that's being offered so companies every company then uses people webs
traditional SAS software automatically moves their employees data over to the
web-based blockchain solution we also remunerated ease in terms of P wave
tokens every time they do that we're also pursuing significant deals with
large software companies and our HR tech companies to take their data across the
thousands and millions of employees that are using them and equalize them in an
apples-to-apples way with people wave software and of course third and finally
we're looking for third parties those could be companies like LinkedIn or
Facebook or other service providers who actually access access to large pools of
information and it really brings it together and allows us to be the one in
global HR solution Wow Wow that's pretty amazing just they hear that you guys are
already partnering and working with some of the big names in the business and
building that into your status quo or your de facto business model I think
it's very crucial I think all too often you hear about these blockchain
companies you know kind of kind of as the underdog you know coming in trying
to do everything and they think that's going to work when in actuality the most
successful companies especially that scale are those that make their
competitors their clients and then we talk about this b2b to see model can you
talk about a little those conversations have been going and
how you see you know maybe the roadmap or the process building out as you uh
you know build your business model through sure happy to well where we are
is we've actually got over 400 customers using our platform today but many of
them as a semi so small and medium-sized enterprises and we're speaking to more
and more enterprises every day when we're talking to HR providers there are
combination of people from payroll solution providers to call what's called
HR is which is the larger players that actually keep employee data and do
kilometres and so on a road map looks very simple we're actually getting as
many customers as possible so in the next few months we should over over
eleven hundred customers using our platform and we actually plan to
actually have an exponential J curve but the customers are signing up over the
next few years within an 18 month period we're looking to sign up over a thousand
over a million a registered employees under the wave based solution and we're
gonna do that by pursuing significant partnerships now I can't get into all
the partnerships until web design demo is use yet but look out for some of
those announcements in the next few weeks as amazing as and as a very very
exciting one up one of the I guess questions I want to address that I know
my community members will have when we look at the Big Data space and the black
chain and also social ramifications for privacy of the end-user I think right
now China has implemented a social credit score that's adversely affecting
some of the participants of that digital economy can you speak to how you guys
will be maintaining the integrity and you know still in instilling that trust
and that empowerment to the end users and the data holders you're right if
it's all about trusting empowerment and again our philosophy and purpose is to
make work fair through data and transparency so there's two key ways to
answer the question first of all you know the European Union has just
launched a very strict privacy and consumer protection which is called gdpr
so people wave has been and will continue to be gdpr compliance so when
handling employee data it's extremely sensitive and we're making sure that no
matter which country in the world you with us on we're compliant with those
regulations number two really critical employees owned their own data there's
been a lot of you know brouhaha with her Facebook and you know doing kind of
horrible things with the people's data we're taking the opposite approach so
we're allowing employees to fundamentally be at the heart of this
and they are in their own information now we often get questions about well
maybe I've had a bad relationship with a manager or I had a bad performance
review this particular company maybe there's a bad culture fit well the
reality is we all have problems but everyone's got their own unique story
and here's where some of the token omics come into play so for example if you're
looking to be at the very top of the listing we generally have a serious
number of slots compared to anyone their job you're looking for so it's an
amazing job like being on it our sales director at Google and you really really
want that job you can pace them if you have those come skills you can pay some
people with tokens Phyllis it's very top of those search results so it doesn't
mean you are necessarily the best candidate but you might have a very good
story you could actually up weight things like the your relationships and
how strong those relationships are maybe you've got amazing business development
or account management skills and you really want to put that front and center
and maybe you can also down wise fact that you might have had an issue with a
manager or maybe it had a kind of bit of a Down score in a particular month so
those things matter less when you present the full true and verified
history that's something I wanted to dig deep into it this is I think of a great
innovation that you're implementing um into your business and allowing users to
use the token to essentially acquire more exposure on the network this is
basically how Google works and Adsense and and McDonald's and Starbucks so to
speak this is a real estate play to where digital real estate exposure
accessibility you're monetizing that incorporating into your blocks and your
utility token and again allowing users to essentially promote themselves above
the status quo you're allowing them to access the algorithm which I think is
is very very it's pretty cool you know you see all 12 and especially in
Facebook you know we don't even have the power to you know access our own market
anymore our my post for example Facebook I have five five ten thousand followers
but my post is you know inundated with all of these spam news feeds that people
really don't even want access to and I have no way to promote that you know
organically on on top of that feed so just to see that you you actually taking
the time to understand that as a pain point you know and then again you're
offering a solution in a digital interface I think is a very encouraging
and very very insightful thank you very much and I think you know just
explaining the token I'll mix a little bit and you're right I mean it's not a
lot of people necessarily think about this but you know the token I make so
why will the token rise why should I buy PWB tokens and really the pwe tokens
represent the market so in between two opposing forces that are going to push
the price out so one hand you've got job seekers who will get some people wave
tokens and with limited supply to only 1.2 billion now of course there's over
three and a half billion employees out there in the world so and that's that
numbers going up and up every day so we have a finite quantity of tokens out
there number two you will acquire tokens every time you do something so I upload
verified information maybe you've got a past performance of you maybe I'm
uploading some people wave data out of our performance review software I spin
those tokens as a jobseeker to be listed the very top of for search results for
relevant jobs that I'm very very interested in and the number of tokens
will vary depending on how niche that opportunity is or how much demand there
is of the opportunity and is it rightly pointed out it's exactly how Google
works and that's how they become a multi-billion dollar business mm-hmm on
the other side you have companies now for companies to hire an individual what
it normally takes is about 25 percent of their annual salary to go through a
recruiter now if you're talking about someone earning 50k or $100,000 a year
that's like twelve and a half thousand twenty-five thousand dollars just to
hire someone let alone the productivity costs so if you look at it just those
companies will then instead of actually going through recruiters be working to
buy on a paper use or a subscription model access to a set of search results
so you pay to do a search for one particular role or you pay on a
subscription basis monthly annually through people web tokens to have access
to multiple searches and of course there's another use case which is really
about background checks so pre-employment screening or doing a
reference check terrible process today full of lies and full of inaccurate
information what we do is actually allow companies to actually search on that
performance data and again every time they do that and the deeper they want to
dig there's obviously people wave tokens they would spend to do that on the other
side the candidate can spend people with tokens to present the story in the best
possible way so in between those two forces of job seekers looking to
actually get a great job job employers actually trying to get great candidates
those tokens are in limited supply price goes up yes yeah that's usually how it
works when something is in a set finite supply and as you increase the man
that's you know you essentially validate the value that that incremental unit is
providing and people are willing to you know pay more to access that value can
you talk a little bit nother we're talking about the token King talked a
little bit about the ico you know I know we're on a quick turnaround here so I
will get this information out to the community as as soon as possible as soon
as we get done I'm chopping it up and getting it out there but can you talk
about the ico and maybe how that process is going for you I know you said you I
actually had a some capital come in already so that's pretty exciting can
you speak to that yeah so we're not a I guess a business plan right here so it's
a real business in 2017 we have already raised seven hundred thousand USD and
seed during our ICA Puri we've actually closed in May over two million in
presale I now are in the public eye CEO we've actually launched in the crypto
exchange with coin that's gone well so far so we're in a couple of days in with
any Dean's left there was only really a
short one week turnaround phase one there so you can actually buy a people
wave tokens there we sold out a quite a significant batch of the first batch in
24 hours there's still a few days left to actually grab those tokens we have a
very generous 75% bonus on those tokens for the next couple of days and we close
the sale I think on the sixth so 6th of June yeah so now is the right time you
know not crypt just make sure you carry away seen by the tokens while you can 75
percent bonus absolutely nice and is there anything else any other
information tidbits you'd like to share you know for the listeners out there
interested in people way well if you're sitting on the fence think about where
those big HR and biggest software companies are going the Google's the
LinkedIn's these sales forces the Oracles the SI peas they've dominated
sales and dominated things like financial data in a only next big place
they can go is employee data so that's the only place they've got left
yeah so and what opportunities are there people wave is really the big
opportunity in the HR space we are the first and best in the blockchain we're
not about are putting CVS on the other blockchain we're not about kind of
endorsing one set of skills or doing something new we're about putting
performance data in the blockchain and making that relevant useful and verified
obviously so you know if you're sitting in the fence it's a max next big
opportunity we have a view over the next kind of five to seven years to either be
the 900-pound gorilla or get acquired by one of those guys there's definitely a
return in future that's awesome and you know it doesn't look at in the industry
in general I know Microsoft actually bought LinkedIn a couple years ago for
you know I think a billion dollars on the hip and then they just basically
tried to turn it into Facebook and it's like it doesn't help the problem means
these companies are just more or less mimicking each other nobody's really
innovating nobody's offering any new value nobody's working directly with
these big enterprise platforms to empower the end user and I think that's
what you guys are doing from the beginning so I wish you you
the best of success on your journey and I won't definitely keep an eye out for
it and if there's anything I can do in the future I know we have a vast
community 25,000 Facebook members about 30 40 thousand on YouTube you know and a
lot of HR a lot of enterprise a lot of SMEs in there so you know maybe one day
if we wanted to do it AMA or to bring you on after the fact when you guys
actually launch the show to beta version you know I think that would be really
cool as well well we'd love to get the community involved actually so anyone
who wants to work sure sign up to waive base I'm sure we can figure out a deal
that to be sure they get some tokens we're looking for as many kind of pilot
users and people to actually share their a performance leader and get involved as
possible we're speaking to some communities here in Asia and China with
a bit of luck we should be able to announce them in a space of time that we
have potentially hundreds of thousands or millions of users in the system you
know what let's start here with the crypto community so anyone wants to get
involved happy to keep talking and see where we end up awesome good the oh man
well thank you so much I appreciate the the second opportunity you know to speak
with you I know your time is valuable and I think it's at 8 or 9 p.m. over
there and Singapore now so I appreciate you taking the time to speak with me
today it's been a pleasure thank you so much
thanks man take it easy good luck with brother weather thanks bye
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