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FAQ

Frequently Asked Questions

The Surety is a better way to connect employers and clients with the best professionals. No more sifting through unreliable third-party ratings on unrelated jobs or gigs. And no more exorbitant fees to trust a marketplace or headhunter that has limited information and a limited pool of candidates. With The Surety, the crowd surfaces the best professionals and does the vetting of candidates for you, taking into account the exact needs of your job or project. The Surety delivers better candidates than any headhunter and any other marketplace, guaranteed.

The Surety works for all jobs and gigs. You pay the professional using your normal payment systems, likely in U.S. dollars. The magic lies in The Surety's unique system of crowdsourcing the best professionals. As part of a job or gig posting, the employer or client sets out a bounty as an incentive to the crowd to help find the best professional. Individuals apply for the job or gig and anyone can recommend an application, including a surety payment in connection with a recommendation. The bounty provides an incentive to recommenders to alert qualified professionals in their networks about the job or gig posting and encourage them to apply, so that the recommenders can collect the bounty. The Surety's patent-pending system also provides a vetting mechanism for the best applications to literally bubble to the top. The minimum bounty for a job or gig posting is 0.01 BTC - currently $62.96. Higher bounties produce better results and more qualified candidates though.
Anybody can recommend any application. If the service condition is satisfied by the professional, then those recommenders who ensured the professional's application will split the net bounty in proportion to their surety payments. For jobs, the professional must be employed for at least 3 months, and for gigs the professional must receive a rating of 9/10 or more from the client on the gig in order for recommenders to receive the bounty. If a professional is hired but the service condition is not satisfied, recommenders who recommended the selected application will forfeit their surety payments and the employer/client will forfeit the bounty. (Trust us though, we all benefit if the service condition is satisfied, and in the vast majority of cases, given the crowd-vetting that is done, professionals that are hired using our system will far exceed these service conditions). If the employer/client does not select an application for which one or more recommenders have submitted surety payments, those surety payments connected to an application that was not selected are returned in full to the recommenders. The minimum surety payment that can be made by a recommender in connection with an application is 0.0001 BTC - currently $0.63.
The Surety can be used for virtually any job or project when you truly want to hire the best professional for your specific needs. For example, if you want to build a house or do a major home renovation, simply set forth the exact details (providing as many specifics as possible) and let the applications come in (with recommenders standing behind their recommendations with their wallets). The Surety works for almost anything, from consulting gigs, to complex web development projects, to legal work, to full-time executive-level jobs.
The Surety charges a 20% commission on bounties, so that recommenders split the remaining 80% of the bounty after the service condition is satisfied. The Surety does not charge any other commission or fees. The Surety charges nothing on the salary or fee paid from an employer or client to the professional. As a result, employers and clients generally pay considerably less for our service than they would pay using headhunters or other marketplaces. And employers and clients get far better results using The Surety. Because we use Coinbase wallets to disburse bounties and surety payments to recommenders, you will not lose any of your share of the bounty or your surety payment to bitcoin transaction fees (although your initial bounty payment and surety payment will be on-chain and, as a result, subject to mining fees, but no other fees). Of course, while The Surety bounties and surety payments are made in Bitcoin, salary or gig fee payments from the employer or client to the professional can be made in U.S. dollars -- The Surety does not handle or charge any commission from those payments.
Bitcoin has several advantages over traditional currencies that make it ideally suited for the payment of bounties and transferring of surety payments, including low/no transaction fees and no chargebacks. Surety payments are returned in full by us when professionals are not selected for a job or gig, and are also returned in full to recommenders and paid out along with a portion of the net bounty when professionals are selected and the service condition is satisfied. We didn't want transaction fees to eat away at these amounts. (The payment for wages and fees to professionals can be made using your normal payment system, in U.S. dollars or other currency).
  • The crowd amplifies your search to find professionals, so that professionals that you may never otherwise find (but who are highly-qualified for the job or project) are encouraged to apply by recommenders who want the bounty
  • The crowd stands behind the professionals they recommend with their wallets
  • You can see exactly which applications have received the most surety payments, which allows you to tap into non-publicly available information about candidates to determine which applications are legitimately the best
  • The crowd is helping to find the exact professional to match the specifics of your job or project, rather than you undertaking some generic search or using a marketplace algorithm that cannot match the power of the crowd
  • The crowd does the hard work for you, even though you remain in complete control and can still interview and further vet professionals
  • The crowd's collective wisdom as to the best professional for a particular job or gig far exceeds that of any one website or headhunter
  • Our bounty program is like the traditional candidate referral bonus on steroids, both because it surfaces more and better candidates than such bonuses but also because it does the vetting and ranking of applications for you

About Us

The Surety is based out of Block Labs LLC, the innovative new tech incubator based in Washington, DC.

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Neil Sandhu

Founder, Block Labs

Neil Sandhu

Neil Sandhu is the founder and CEO of Block Labs LLC. Neil is a computer programmer, technical expert, and web app developer. Neil is a graduate of the University of Virginia and University of Virginia School of Law.

Questions or Comments?

Reach out to us if you have any questions about The Surety