A jobs marketplace that matches professionals with remote and freelance jobs called Moonlighting has announced it is migrating its 700,000 user accounts onto the EOS blockchain.
Started in 2014, Moonlighting has received a $5 million investment led by FinLab EOS VC, a collaboration between Germany’s FinLab AG and blockchain open-source software publisher Block.one. The investment will be used for expanding Moonlighting’s user base and integrating its existing substructure within the EOS ecosystem.
“We have been exploring blockchain protocols since the end of 2017 and [have] chosen EOSIO due to its ability to scale transaction processing, maintain low transaction costs and enable ease of user account management,” Moonlighting CEO Jeff Tennery explained.
“We decided that we want our users to be able to port their profile to any platform and provide them a simple way to use their Moonlighting profile wherever they chose to use it. The gig economy is so fragmented, and our plan is to let freelancers control the use of their profile and provide a single sign-on, aggregated gateway.”
However, Moonlighting is not going to copy its data to the blockchain directly in plain text. Instead, it will secure data using hashes that still rely on Moonlighting’s centralized database to decrypt.
“The hashes on the blockchain provides audit-ability and validity to our freelancer profiles maintained off-chain,” he said.
“We believe that Moonlighting contains the three key traits you look for in a decentralized application: real customers, real traction and a bona fide use case for blockchain technology,” said Paul Grotowski, COO of EOS VC.
This is not Moonlighting’s first brush with crypto, having considered an initial coin offering (ICO) last year. But this, however, never materialized because Tennery said there was “too much scrutiny”.