Skills verification platform Indorse has opened its new corporate headquarters in London.
Singapore-headquartered Indorse has already seen significant success in Asia after working with tech firms such as Grab, South East Asia鈥檚 largest ride-hailing firm, as well as several enterprise clients, two of which are Fortune 500 companies.
Indorse uses its community of coding experts to independently assess a candidate鈥檚 expertise and then creates an immutable record of the results on a blockchain. Companies hiring talent then know that the candidate has proven coding skills, so maximising the probability of a successful hire.
The company raised $450,000 in a seed round from AIM-listed blockchain investment consultancy firm Coinsilium in 2017, followed by a further $9 million through a crowdfunding round the same year.
In 2019, Indorse received $6.5 million in investment from the Times Group, one of India鈥檚 largest media houses.
鈥淥pening an office in London is a strategic decision and something that we had planned even in our early days,鈥� said CEO Gaurang Torvekar.
鈥淲e鈥檝e come to London to help facilitate industry growth by giving businesses an element of certainty to their recruitment efforts.
鈥淩egardless of a company鈥檚 size, hiring someone who isn鈥檛 quite fit for the job can be a costly mistake 鈥� especially when working against development deadlines or racing competition.
鈥淟ondon and the UK remain one of the biggest tech hubs in the world and we believe that London is a vital location for the future of our business.鈥�
Rolls Royce鈥檚 civil aerospace division set up a hackathon-style Blockchain Innovation Challenge to search for a team of blockchain experts.
The selected successful team will work on a proof-of-concept with Rolls Royce to help make its engine maintenance process more accurate and effective.
Indorse worked with Rolls Royce by designing a bespoke assessment framework for the candidate teams, then used its community of validators 鈥� comprised of working coding professionals and experts 鈥� to produce a shortlist of the highest performing teams.
Indorse created a shortlist of five teams over the space of a week.
鈥淲e are proud to have helped some very respected companies around the world source the best tech talent and we are already being asked to move beyond coding to help hirers assess individuals鈥� competency in a range of skills,鈥� added Torvekar.