Tamim Khan and Julian Di Carlo on Bondex’s global talent exchange

0:01i'm ashton addison from block west capital for investmentpitch media and the cryptocoin show and today on blockchain interviews we have tamim khan the ceo and julian de carlo the blockchain director of bond x gentlemen welcome to the show and thanks so much for taking the time to come on today thank you ashton great to be here thanks for having us you're very welcome i would love to kick

0:21off our conversation uh to me with just a high level overview and the focus of bondex app and then we can dive into the details great so um basically what we're building is a artificially intelligence based fintech enabled global cloud ecosystem so the best way to think of us is combining linkedin with paypal as well as your local native bank account

0:46uh all running on the blockchain using artificial intelligence that's pretty much robotics great and maybe you can talk about you know when you moved into the industry there was obviously some frictions there you saw the uh ability to also integrate blockchain and cryptocurrency payments into that what was the ultimate goal that you and your team set out when you

1:06started building bonds so what were you know having a background in both finance as well as talent solutions providing uh what i noticed is there's tremendous amount of friction in terms of the interest of the hiring organizations versus the various talent portals such as monster linkedin as well as the overall uh inefficiency and cross-border payments to vendors you

1:34know as a tech company you may have uh tech talent working in india or other places and if you want to suddenly payments it'll cost you anywhere from thirty to fifty dollars and it'll cost you either a trip to the bank or at least a thirty minute uh approval process within your online bank it's just not needed with blockchain enabled game and technology in place

1:55integrating that all within one platform we can solve a lot of restrictions that currently exist that do not need to exist definitely yeah the payments part especially with increased globalization cross-border payments is i can see that being one of the main frictions uh with traditional payment networks it's just not very affordable and accessible to be paying

2:19all these crazy fees um and so obviously that's gonna be a huge advantage for blockchain now uh you know have you guys scoured the market and seen you know are there other professional and talent networks uh that are looking to integrate blockchain and as you built that out what did you see as your specific competitive advantage in how you're going to take on a market uh with this

2:43this new market so in the town solutions for uh place you have two different types of providers you have horizontal players like linkedin monster indeed etc and then you have vertical players like fiverr cocktail upwork etc there's always a issue of quality because they don't have the bandwidth to screen and if you want the bandwidth and a high quality control they need to go for

3:09recruiting firms where you're paying 20 25 of the salary as a fee this is very very expensive with having our industry partner ascot group that has over 20 years of experience in talent solutions within the global marketplace integrated into bondex what we're able to do is build a artificial intelligence layer on top thereby increasing the bandwidth of the

3:35automated platform at the same time integrating payments uh and the interface for the users all the other platforms like linkedin even if you want to talk about facebook and other social media platforms the user is the product their data is the product uh even in linkedin they're only unlocking value for the user when someone is looking for a job which

3:58happens what once every couple of years uh or if they are but their data stays in the system and linkedin is monetizing that data for themselves monster is monetizing them that data for themselves every time they sell a resume access package to hiring company but users themselves aren't getting anything so we've built this tokenized revenue sharing model where every user adds

4:21value to the bondex platform by being active on a daily basis and for the more they're active the more uh network effect that takes place within the bondex app the bigger the value of the bondix ecosystem grows and we we actually reward each every each user on the platform by sharing our revenue and a tokenized revenue distribution format so the users are not

4:45only the product but they're also the owners of development stakeholders of the business yeah i love that to meme i think that that's a huge topic right now and just being able to monetize your personal information especially on social media platforms uh where customers become the product and then you know really these companies are making a lot of money and

5:07the talent searchers or the people that are looking to get hired really aren't able to monetize their own information uh they're being taken advantage of so i think that's a huge advantage um maybe you can walk me through uh the platform let's just say i need to get a job i go on there and i build a profile how does that work with uh connecting hiring and also the payments

5:33of how that would work with with a talent agency or somebody that's looking to hire me through the platform so what we've released at the moment is our mvp app which is bonding's origin the goal of this app is to see the bondex ecosystem with talent so in order to do that we allow users to log in and create an account into the origin app and for being active every 24 hours they

5:57receive rewards in the form of bond x tokens and they're also able to invite their friends and contacts into the platform itself and the more people invite more rewards they are and they have to log in once every 24 hours and once they upload their resume their profile information is pulled from linkedin if they log in with linkedin uh they're able to earn a higher rate of

6:21reward the different tier of your learning system goes up based on how much engagement you have with the app itself uh then uh what we're launching in two weeks is our credit card integration uh where we have actually launched the bondics credit card as the first step toward our payment payment solutions so every usc u.s based user will be able to apply directly uh

6:43for the bondex credit card which for which we do not pull any credit before reports whatsoever what we have uh created is a new unique financial risk modeling profile where you where we use their banking details we are integrated with played as well as strike to pull in their banking transaction history over the past 90 180 days and we're able to use that data to determine

7:07credit limits credit worthiness so users will be able to apply for a bundlex credit card in two weeks directly from the origin app and our next operation of the app which will be released in about two weeks we'll have all of the connection messaging uh localized geotag location based talent uh location system enabled and our main platform bond x which will be as we

7:30described the combination of linkedin paypal uh nfd platforms deep i platforms uh all rolled into one i mean i i can sort of show you a preview of what the app picture looks like just so that you can have an understanding i don't know if you can see it on the screen basically it'll have a wallet section where you'll be able to see uh your balances your credit cards

7:57your bank accounts we're launching uh bank accounts in 200 countries worldwide along with debit cards all this is coming within the next uh month or so wow that's great to hear and i was curious about that you know having this revenue share tokenized model as you mentioned yes uh having a bond x token you know are people still able to pay through fiat are there on-ramps

8:21off-ramps and it's interesting to hear about the credit card coming out as well so actually credit card is already out right now we're in beta version so we're only releasing it directly through individuals that are on our beta waitlist but in two weeks you'll be able to apply for it directly as a us user initially you'll be able to apply directly from the origin app and within

8:41the next 45 days you'll be able to able to apply for it in canada and the uk as well and we hope to roll it out globally uh over the next few months or so in terms of payments uh we are as i mentioned we have our bank accounts launching in about 90 days that will be a pre-op on-ramp off-ramp you will be able to have a bondex bank account in 200 countries worldwide so

9:06you'll be able to take the money that you earn from projects or employment that that you have gained through using the bondics platform have it deposit to your bondex bank account use that to buy bond x crypto or any other crypto you want on the cross chain bond x uh we have a lot of skunk projects that are in the works uh we are we're very developing heavy we've got about 13

9:27developers in both software as well as blockchain we have a lot of exciting things coming out in the field of nfps in the field of uh play-doh games gamification of talent lots of exciting things very cool thanks for all that to me and that does sound very exciting it sounds like you have a full suite of products uh that all these users can can work

9:48with um and you mentioned their nfts and i was curious as well um well actually first of all i would like to just before we talk about more on the blockchain side i'd like to just hear a little bit more about the bondex token and you know from what i understand you can use it for payments uh to you know settle uh for talent but are there other functionalities or maybe you can talk

10:10about the overall ecosystem of the bondex platform how the token incorporates and does it create a sustainable ecosystem for everyone in the ecosystem yeah so yeah so i mean as time said i mean we're really trying to align the reason why we're making this india is because we really really want to align incentives with the platform so the centralized

10:33platform is like you're not there's you create a ton of value for them but you're unable to capture that value so we want our users to be able to capture this value and that's going to be done so through the native token so whenever your data is monetized whenever you see an ad you will be rewarded or if you refer new users grow the network you will be

10:53rewarded with the bond x token and then that bond x token can be used as a medium of exchange within the platform to get discounts on services it can be staked to um be granted even more features within the app so there's a great deal of utility with the token another another subject i wanted to touch on is that the bondage token itself uh can uh mistake which will give you higher

11:21levels of uh features on the credit card reward program so depending on the amounts that you have staked you'll be able to earn uh rebates such as for example uh if you're paying uh netflix or spotify subscriptions using the bondage credit card well we'll rebate you that amount uh in bond x token depending on the amount that you have staked with us so there are different levels tiers uh

11:45again there will be staking functionality you'll be able to uh pay for all of the premium features of vondex platform with the bondex token and uh you will also be able to utilize the bombix token into our uh coming soon playground games that will be launching very cool and yeah i think staking is a great functionality especially to get users you know more integrated into the system

12:11and getting more rewards and discounts and you mentioned that you know you're building out all of this banking products and and just the fiat on and off ramps and i'm curious if you're also looking into other d5 financial products uh to potentially monetize their capital in other ways while it's in the bondex ecosystem is there going to be more defy

12:32coming out as well as you build all these banking products yeah that is one thing yeah that is one thing we're going to be entertaining for sure but i want to touch up on the smart contracts because they do play a huge role um so one great application of smart contracts is escrow so um one functionality we're gonna have on the platform is gonna be for

12:56um people that acquire talent and then you know talent to be able to engage in payments um for certain jobs that are done on the platform so we we really want to bring all those payment rails onto the platform because current talent networks they are pretty much just a launching pad to develop relationships and then they go branch off and use other platforms for their payments so we feel

13:19as if that can all be aggregated totally in addition to that uh one of the other things we're doing is launching a bondex launchpad as our phase three product development roadmap and into the bondx launchpad other projects that will be able to be built on top of our human resource information systems cloud for example we're building our products that will

13:44compete directly with zoom slack etc but there are other hr related products that we may not decide to build directly uh there could be other third-party providers that would want to build those products and launch those products using the bondex launch pad and then those uh the state uh tokens that we have can be governed and voted on by the community

14:07to provide funding for those new projects that are launching on the bondex launchpad that's great i think that's a great addition to you know having especially in startups where startups are looking to attract human capital also to attract you know capital in general uh i think that that could be a great addition so interesting to look forward to that um it sounds

14:29like your team has a lot on the plate in terms of uh new updates coming into the platform maybe you can talk about what are the most exciting things that your team is looking forward to out of all the things that you mentioned uh integrate into the platform as you continue to grow it out by the end of 2021. by the end of 2021 we expect to have a fully functional

14:54payment rail system fintech product system as well as the actual uh competitor to zoom built into our platform uh and uh within the next two weeks we will already have our location based talent locator service available so that's pretty much the goal for 2021. 2022 will be fully delving into utilizing nfps for example skills certification as an nfp as a digital nfp

15:23that can reside in your wallet and is it is a verification from the bondex platform that you have certain a certain level of skill set so we're building those out in 2020. very cool and for the viewers that are looking to follow along with those updates uh apply for the credit card uh look for when they can get nfts and maybe even get a job or look for people

15:44if they are a startup now there's a lot of them in the blockchain ecosystem and overall right now as well what's the best way for them all to get involved in the ecosystem and in the community oh we're available uh directly on our website bondix.app uh we have a large telegram channel that you can follow bombex community channel uh we're on facebook instagram twitter

16:11uh just follow us sounds great to me thank you julian as well i will leave those links in the description box below all the best with bond x moving forward i'll be watching with these incredible updates that your team is working on and let's follow up in the near future yeah this is great thanks ashton take care you