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πŸ”ProofChain:

Employment Fraud Prevention

Platform

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BNB Hack Bombay 2025 Vivek Ghosh

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THE PROBLEM

Employment Fraud Is Costing Billions

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Soham Parekh Case (2025): One person worked at 19 startups simultaneously, costing millions. Verifiable records could have prevented this.

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Global Impact: According to the Association of Certified Fraud Examiners’ 2024 Report to the Nations, businesses lose an estimated $4.5 billion annually to fraud in hiring and payroll schemes.

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OUR SOLUTION

ProofChain: Blockchain Native Employment Verification

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Two-Sided Platform

  • Companies mint Employment NFTs when hiring.
  • Employers verify candidates before making offers.
  • Employees build verifiable career profiles they own forever.

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Core Technology

  • Soulbound Employment NFTs (non-transferable, privacy-preserving verification).
  • Conflict detection.
  • On-chain reputation system.

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MARKET OPPORTUNITY

The Exploding Web3 Remote Work Market

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8.39B

460K+

$5-10K

15-30%

Current Market Size

Projected to grow to $16.89B by 2029 (19.1% CAGR) in Web3 freelance and remote work.

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Web3 Professionals

Globally, seeking verifiable and secure employment.

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Cost Per Bad Hire

The average cost incurred from a bad hire, highlighting a critical pain point for companies.

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Resume Discrepancies

Of remote hires, showing a significant need for verification.

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TARGET CUSTOMERS

Focusing on the Core Needs

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Web3 Freelance Platforms

DAOs & Token Communities

Blockchain Startups & SMEs

Current Market Size

Platforms like DeWork and Ethlance need to verify thousands of freelancers monthly, ensuring trust and reliability.

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Web3 Professionals

Hiring contractors and contributors, running airdrops, and facilitating governance votes require robust identity verification.

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Cost Per Bad Hire

Remote-first teams (50-500 employees) need employment verification without the heavy burden of traditional KYC processes.

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BUSINESS MODEL

Clear Revenue Streams & Unit Economics

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Pricing Tiers

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  • Starter: $0.50/verification (self-service API)
  • Professional: $1.25/verification + dashboard ($299/mo min)
  • Enterprise: Custom pricing + white-label ($2,000+/mo)

Example Economics

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  • Platform with 500 monthly verifications = $625 revenue
  • Prevents 5% fraud (25 bad hires Γ— $5,000 loss) = $125,000 saved
  • ROI: 20,000% for customers

Additional Revenue

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  • Employment NFT minting: $2.00 per NFT
  • Revenue share: 5% of fraud prevented

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Why BNB Chain?

BNB Chain is the perfect platform for ProofChain.

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Technical Benefits

  • Low gas fees for micro-transactions.
  • Fast finality for real-time verification.
  • Established ecosystem with active developers.
  • EVM compatibility for easy integration.

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Business Benefits

  • Built-in user base of Web3 projects.
  • Strong developer community for adoption.
  • Enterprise partnerships via Binance ecosystem.
  • Regulatory clarity in key markets.

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Thank You

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team - daemonday

github - github.com/vivekgh0sh/ProofChain

telegram - @vivekgh0sh

x - x.com/vivekgh0sh

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