Hyve (HYVE) is a Defi ecosystem that caters to solving the problems in the workforce market. Hyve aims to use decentralized technology to add unique features and mechanics into the workforce market. An ecosystem consists of a group of participants with shared objectives. The governance of the Hyve ecosystem is through community or crowd wisdom.

Governance refers to managing or implementing changes on a blockchain. With the use of governance, Hyve aims to resolve problems in the present workforce market, such as employing wrong people, employee disputes, etc. The platform aims to create an ecosystem that has the following features:

To achieve the use of centralized and decentralized solutions, Hyve seeks to employ three primary components:

The platform aims to offer users the ability to post tasks, hire individuals, and access listed hiring agents. Hyve also seeks to collect a fee for job postings to ensure the self-sustainability of the network. While the platform is looking forward to the use of HYVE tokens as the primary coin, users can also transact with other assets.

Hyve aspires to engage the core protocols to create a difference in the workforce market.

The Hyve (HYVE) launched in 2019–2020. A 14-member team leads the platform, with three founders—Tudor Stomff as CEO, Dominic Burghelea as CTO, and Brad Yasar as CSO. Other team members include people from varied backgrounds such as digital marketing and marketing experts, creative directors, developers, and blockchain experts.