What Is Zinc (ZINC)?
Zinc is a blockchain-based automated background checking platform. According to the website, the platform seeks to build new standards for background checking, allowing users to request checks directly from their applicant tracking system (ATS). The website states that Zinc seeks to collect checks and data from previous employers and government institutions and analyze the data to fulfill requests. By using due diligence and sophisticated technology, the platform seeks to help employers enhance their brands.
Zinc seeks to provide end-to-end automation, offering fast and flexible checks. Likewise, the platform aims to ensure transparency for all the candidates being checked. Zinc claims to provide real-time notification after each check and sends a digital copy of the same to the candidates. Candidates can utilize these digital references and reuse blockchain-controlled data throughout their careers. Additionally, Zinc aims to help talent acquisition teams to modernize their background checking programs to suit the employer brands.
The platform seeks to provide comprehensive background checks, covering data points like work history, skills, right to work, etc. Zinc also aims to provide location-specific mandatory and regulatory checks. The automated tool Zinc offers claims to solve the problems employers face while scaling the business in terms of hiring candidates. The tool seeks to provide info on candidates most suited for interview due diligence and also seeks to help employers identify the best candidates for remote hiring. Moreover, Zinc claims that the tool can process and deliver requests covering all data points on the same day.
ZINC is the native cryptocurrency of the Zinc platform. The platform collects fees for its services in the form of ZINC tokens and aims to pay the referees 30 ZINC tokens for every valid reference they provide. Referees can withdraw these tokens from the platform after providing at least three valid references.
History of Zinc (ZINC)
Zinc is an organization cofounded by Charlotte Hall and Luke Shipley in 2017. Hall is a marketing solutions expert, while Shipley is a recruiter and founder of three start-ups. The core team also includes Alexandra Kelly, the former MD for the EMEA region at HireRight.