Tokenize Onboarding Platform Using Blockchain-Private DLT Technology

Transcription

1 Tokenize Onboarding Platform Using Blockchain-Private DLT Technology Disrupting the Onboarding Global Industry This White Paper is Copyright Bpro Network and protected under US and international law

2 Contents Abstract Introduction How we do it 03 Bpro Blockchain- Private DLT Architecture During Phase 1 04 Contribution and Reward System 05 The Problem With Existing Cloud-based Onboarding System Solution Bpro Blockchain-Private DLT Architecture During Phase Competition and Market Analysis 10 Bpro Token Economic Model and Token Distribution 11 Road Map and Conclusion 12 Disclaimer 13 This White Paper is Copyright Bpro Network and protected under US and international law. 00

3 Abstract Bpro is a decentralized application (DAPP), that allows Human Resources professionals to start a paperless onboarding process for new and existing employees, featuring secure and encrypted file transfer system, as well as E-signature capability. Unlike currently existing on-boarding software which, uses the cloud s traditional centralized server, Bpro uses Blockchain-Private Distributed Ledger Technology (DLT) to store data in a private and decentralized way. Bpro accomplishes this by implementing a hybrid off-chain data storage system. This solution enables companies to take the first step into a future, where currently existing intermediary entities will no longer be needed. Our platform will allow the user to control the information in a secure manner, offering a better file management solution. This White Paper is Copyright Bpro Network and protected under US and international law. 01

4 1.0 Introduction 1.1 What is in this Paper? Bpro core principle is the creation of value through community effort and self governance. We live in exciting times! In recent years, starting with the rise of Bitcoin, we have witnessed how it is possible for entire communities to join efforts in the development of big enterprises. We have been handed the unique opportunity of creating value for ourselves and the community, with a certain degree of economic and governance independence, such an opportunity, would have been unimaginable just a few years ago, however, there are guidelines and regulations, that need to be followed if we want to be successful. It is up to us to do it right! Bpro is an acronym for Business processes, it aims to decentralize such processes by implementing a rewards system which will spread the wealth created by the community, to its rightful owner; the community itself. This Paper must be regarded as an invitation to join us in the creation of value, it strives to being a guide towards achieving that goal. 1.2 Which Business Process Bpro Decentralizes? According to The Statics Portal, the Information Technology (IT) sector is forecasted to spend a total global 1 amount of 2.04 trillion U.S dollars, from 2015 to IT refers to the application of computer software to store, retrieve and transmit data. When someone gets hired, then an on-boarding process begins, job applications along with several forms are required by both state and federal laws. There are data protection laws that regulate the transferring and sharing of this information between the employer and the future employee, as well as the storage and management of the employees personal information contained in these documents. In order to stream line these processes and comply with regulations, many companies opt for the only option currently available to them: centralized on-boarding software that use cloud-based storage and file transfer systems. Bpro aims to decentralize this process with the creation of a Dapp, a Decentralized Autonomous Organization, which will result in the benefit of the corporation as well as their employees This White Paper is copyright Bpro Network and protected under US and international law. 02

5 2.0 How we do it 2.1 Two Development Phases - Phase 1: Bpro will be focus on building the autonomous network and software necessary for the creation of a data entry point to storing employee records. This data will be shared by both; the employee and the employer. - Phase 2: Bpro will continue to work on the development of its community network, extending services to business processes that occur within the employer corporation. At this stage employee direct access to this type of data will not be needed, since theses processes only occur as a result of standard business operations, and do not represent any utility for the employee, however, Bpro architecture has been thought, and will be built, by default, with respect for data protection rights and regulations. During the development of Phase 1 Bpro has two types of user: employer and employee, therefore, two user interfaces are needed, the user will be able to login as an employer or as an employee. Bpro Employeer Secure file transfer Bpro Employee Job application and forms Employer Login Employee login This White Paper is copyright Bpro Network and protected under US and international law. 03

6 3.0 Bpro Blockchain-Private DLT Architecture During Phase Key Pairs When a Bpro account is opened, key pairs are generated, one for the employee and one for the employer, both alphanumeric codes or keys will allow access to the data. The employee records are stored by using private Distributed Ledger technology (DLT) Information is then encrypted and distributed in a network of participating computers (nodes). Data can only be recall by using keys. PRIVATE DLT Enter employer key to recall records Enter employee key to recall records This White Paper is copyright Bpro Network and protected under US and international law. 04

7 4.0 Contribution and Reward System 4.1 How to contribute Our project is based on community effort, those who contribute should be fairly rewarded. Contributions equal network value, and Bpro is the fundamental unit to account for value within the network, therefore, contributions to the overall value of our platform will be rewarded with Bpro tokens. The main avenue for contribution is through account creation. Every time an account is opened there is a growth of network utility, this new value will be passed on, as utility tokens, to the user who created the account. 4.2 How to Open an Account Accounts can be obtained using Bpro Silver, the amount needed for each account will be established by the value of Bpro Silver at the time of the transaction. Opening an account results in adding value to the network, so the user will not only receive the account in return for his/her contribution, but will also receive a newly minted amount of Bpro Gold, directly proportional to the amount of Bpro Silver used. This can be seen as an upgrade to represent the newly added value to the network. To open an account, storage capacity is needed, memory is a valuable limited resource of our network, to initially open an account memory usage is estimated at 1.5KB. Once the account is opened the user will be able to acquire more storage by staking Bpro Gold. The available storage will be directly proportional to the total amount at stake. 4.3 Bpro Tokens Utilities Bpro Silver Opens Accounts This White Paper is copyright Bpro Network and protected under US and international law. Bpro Gold Adds Storage 05

8 5.0 The Problems With Existing Cloud-based Onboarding Software 5.1 Centralization and Security Software using a cloud-based onboarding architecture are centralized systems. Employee records are stored in a centralized server that is susceptible to cyber attacks. There is no way for the user to be sure whether the management of the service has the capability to keep the information safe, or whether such service provider is even trustworthy. Cloud computing is susceptible to single point of failure (SPOF). This is a part of a system that, if it fails, will stop the entire system from working. SPOFs are undesirable in any system with a goal of high availability or reliability, be it a business practice or software application. Companies using cloud based on-boarding software lose control of their data, in other words, information is stored in a computer belonging to a third party (the cloud server). The company outsources the data and simply hopes for the best High Fees Software using cloud are expensive. Colocation services could run anywhere from $400 a month for one server to $1500 per month for an entire back- office infrastructure, for fully hosted networks, from $100 a month to $200 a month per desktop plus cost of implementation, data migration and ongoing storage. According to the Society for Human Resource Management s (SHRM s) Human Capital Benchmarking Report the average cost-per-hire for Companies is $4, As a result many companies are left out, not being able to afford such high cost for software implementation This White Paper is copyright Bpro Network and protected under US and international law. 06

9 5.3 Regulation The General Data Protection Regulation (GDPR) is the new set of laws and regulations put in place by The European Union with the intent to enhance the protection and privacy of European residents. When storing and managing employees data, software using Cloud Service Providers for data storage are currently the only option available to help companies comply with the law, however, fees for using these services are so high that many organizations just cannot afford them. The deadline for organizations to comply with GDPR regulations expired on May 25, Although the law was created to protect the personal data of European residents, it affects any business around the world that has customers located in The European Union, and any entity with internet presence. According to The 2018 GDPR COMPLIANCE REPORT only 40% of organizations were GDPR compliant, or on their way to compliance by May 2018, leaving and enormous 60% of organizations at risk of missing the deadline. This is a tough position to be in, since the law can allow regulators to fine companies with up to 4% of their global revenue for violations. These are the reasons why at Bpro we are committed to finding a viable and affordable solution to solves these issues. 6.0 Solution 6.1 Bpro Blockchain-Private DLT, Solving the Immutability Problem Immutability is one of the key principles of Blockchain, once a block is created, it cannot be deleted or modified. Data, although encrypted, is still public. These characteristics are in total contradiction with GDPR laws. Article 17 calls for the Right to be forgotten, which basically means consumers have the right to ask for their information to be erased or forgotten. Article 25, Privacy protection by design and by default, 4 makes it virtually impossible to store consumer information in a public ledger 5. At first glance, it might seem as if Blockchain is unsuitable for data storage. Bpro addresses these issues with the implementation of a Blockchain-Private DLT architecture, a hybrid offchain distributed data storage system, a combination of Blockchain and Private Distributed Ledger Technology. Only a pseudonym of the original data is stored in the Blockchain in the form of a hash which serves as a control pointer, providing a way to retrieve the information stored off-chain in distributed decentralized servers. (Figure 1:1). Once the data is no longer needed for its original processing purpose or the subject of data exercises his "Right to be forgotten" (GDPR, Article 17), the organization can proceed to erase the link of the Blockchain hash pointer to the data stored off-chain. (Figure 1:1) This White Paper is copyright Bpro Network and protected under US and international law. 07

10 6.2 Pseudonimization Solution for Data Management The pseudonymization of the original data stored in the Blockchain, the hash pointer, is not the actual information the GDPR seeks to protect (GDPR, Article 25), therefore, is not in itself subject to regulation. Pseudonymization is a data management and de-identification procedure by which personally identifiable information fields within a data record are replaced by one or more artificial identifiers, or pseudonyms. A single pseudonym for each replaced field or collection of replaced fields makes the data record less identifiable while remaining suitable for data analysis and data processing. Pseudonymization can be one way to comply with the European Union's new General Data Protection Regulation demands for secure data storage of personal information. Pseudonymized data can be restored to its original state with the addition of information which then allows individuals to be re-identified Solving Centralization Bpro is decentralized, using Blockchain Technology and a private DLT Bpro will give total control back to the users, eliminating the need for intermediary entities. It will empower its community by providing a portal that will allow Human Resources professionals to create a decentralized database for every employee. This system will offer a better file management solution for onboarding processes thus disrupting the current market. 6.4 Solving Security Bpro architecture has no central point of failure (SPOF) making Bpro Network a very attractive proposition for sensitive information storage. Bpro implements the best of two technologies in one system, making it almost impossible to be hacked. Employees data is cut in chunks and distributed in a decentralized network of participant nodes. The information is encrypted and participant nodes have no access to the data. 6.5 Solving High Fees Bpro has no fees. It eliminates the need for companies to pay for copyright fees as well as cloud services, upon which competing software depend. Bpro tokens are never consumed. Companies will have the ability to stake their tokens, which in turn, gives them access to the network resources in proportion with their stake, when services are no longer needed, the user will be able to unstake tokens and sell them in the open market. This system will save companies hundreds of thousands of dollars every year This white Paper is Copyright Bpro Network and protected under US and international law. 08

11 6.6 Benefits Conclusion As personal data protection regulation tightens all over the world, during phase 2, Bpro aims to help companies by providing a more efficient and affordable solution for employee data management. In more recent years there have been several price hikes by the three largest cloud computer providers, this happens because companies currently operate in in an environment where just a few providers control the entire public cloud market. Ultimately, with new regulation in place, the dependence on "Big Cloud" monopolies is deemed to grow even bigger. Bpro represents the first step into finding an affordable solution to this problem. 8.0 Bpro Blockchain-Private DLT Architecture During Phase 2 Hash : Alphanumeric string (code) use to retrieve employee database DLT : Distributed Ledger Technology distributes employee database into a network of computers (nodes) = Participant nodes storing information Figure 1:1 DLT Non-retrievable data Hash DLT Hash Hash DLT When employee data is not needed the link between the hash pointer and DLT is cut This white Paper is Copyright Bpro Network and protected under US and international law. 09

12 9.0 Competition Overlook Our most direct competition software are all based on cloud architecture, ADP, HR Onboard, Kronos and BambooHR. These represent, in essence, everything Bpro is committed to change. Peoplewave is a platform on the Ethereum Blockchain mainly focused on creating a performance database for the employee. This proposition takes a complete different approach and addresses different problems. Bpro is a decentralized application that allows Human Resource Departments to streamline the onboarding process, while at the same time, creating a decentralized data record for the use of the organization and the employee. These characteristics make Bpro a unique proposition Market Analysis The global recruitment market was valued at $ billion in the year 2017 and is predicted to reach more than $ billion by the end of 2025; expanding at a moderate CAGR of 5.63% throughout the forecasted period 7. (Figure 1:2) On the basis of the recruitment software, the global recruitment market is segmented into by type and by application. By type segment is further segmented into a job board, applicant tracking and others. On the other hand, application segments consist of large, medium and small business. In the application segment, medium business segment is dominating the entire market with a revenue share of % 8. Bpro will be marketed for small, medium and large business applications. $. B 10 Figure 1:2 $. B 5 0 May June July Forecasted period This White Paper is Copyright Bpro Network and protected under US and international law. 10

13 11.0 Bpro Token Economic Model A Utility Token Bpro is a DAPP Native s Token. Bpro tokens are never consumed on the platform. There are no fees for using Bpro Network. Companies will gain access to the network services through token acquisition and stake. The available resources for every user company will be directly proportional to the stake held. When network resources are no longer needed, or the use of such resources can be reduced and tokens can be sold in the open market. These main characteristics make Bpro a utility token. figure 1: Token Distribution Bpro Silver Token Airdrop Bpro will be hosted on the EOS Blockchain. No initial coin offering (ICO) will be conducted. There will be a snapshot and airdrop distribution at a 1:1 ratio to EOS holders. Dates for snapshot and airdrop will be announced through social media channels. Initial distribution of tokens will be conducted as follow: -EOS Token Holders: Bpro Foundation: Max Supply: This White Paper is Copyright Bpro Network and protected under US and international law. 11

14 Road Map Q 9 Q 9 Q 9 Bpro Beta release Disrupting onboarding market Q Q New partnership announcements Bpro software release Account are opened as newly Bpro Gold are minted Q 9 Partnership Announcements Q 9 Bpro applies to be listed on Exchanges Q 9 Bpro is Airdroped to EOS holders Q 9 Telegram launched Q4 8 Bpro incorporated in USA and White Paper released 13.0 Conclusion Tokenize Onboarding Platform Bpro will implement a new and revolutionary Blockchain-Private DLT technology disrupting the current Global Market for onboarding processes. Once the first step of providing a secure, controllable, and easy to access database for every employee is accomplished, Bpro will continue to work in the development and deployment of other HR tools. We firmly believe an initial data entry for every employee is the cornerstone for the creation of a vast network of HR Blockchain-based services and a wide range of decentralized Business Processes tools to follow. This White Paper is Copyright Bpro Network and protected under US and international law. 12

15 Disclaimer This White Paper is Copyright Bpro Network and protected under US and international law. 13