WIXLIB

Blockchain network forIT workforce and servicesCompany overview / December 2018Enterprise Future of Workpowered by www.it-suppliers.com

and IT functions are leading this trendShare of funds allocated and work done byPerformance(in large corporates in developed countries, aggregate average)External workforce has often higherproductivity due competitive natureand flexible work rkforce(contractors,temps, etc.)80%20%60%40%FlexibilityHeadcount and budget flexibilityis key for large corporates andSMEs in today’s volatile market.Blockchain network for IT workforce and servicesWorkforce externalizationis a sustainable trendCost savings2000Source: combined PwC (“Workforce of the Future” 2018), SAP (2017) and industry media2020Faster access to specialized top talentat better cost than in-houseteams./2

External workforce get 70%of all IT services budgetsTotal IT servicesExternal1.01.5(70%)Staffing0.5— hundreds of niche IT projects— faster contract decisions— project budget 0.1-10.0 mln USD— duration 3-36 months0.5— dozen bigger IT projects— years in decision making— budget 10 mln USD— duration 3-5 years(35%)(35%)(100%) 0.5(30%)Internal* indicative example, applicable to most FTSE 500 or DAX 30 companyOur existing business with provenmarket fit (www.it-suppliers.com)OutsourcingPotential growth areax 200just in EuropeEvery large companyis a separate market forthousands of small andmid-sized IT suppliers1.6 trln USDglobal market(Gartner)Blockchain network for IT workforce and servicesIT budget of just one large global company* indicative, USD bln peryear/3

Servicebit is a blockchain-evolution of www.it-suppliers.com. Founded in 2014 inZurich (Switzerland), it is a leading supply-chain management SaaS focusing onexternal IT used by 6‘000 suppliers and 200 large and SME clients.USA, CANADA,MEXICO400 Suppliers1 mlnverified IT experts employedat over 6k suppliers globallyon it-suppliers.comEUROPE2’900 SuppliersASIA, CIS,MIDDLE EAST3000 SuppliersSOUTHAMERICA130 SuppliersAFRICA100 SuppliersBlockchain network for IT workforce and servicesWho we are?AUSTRALIA30 Suppliers/4

50kIT staffing andoutsourcing(IT-Suppliers,Toptal, etc.)5k500Freelance(Upwork, etc.)Gigs(Fiverr)Servicebit focus: Enterprise/SME client focus Highly-desired stable businessfor suppliers and experts Back-office automation is keyFreelancing and gig platforms:B2C nature of business no barriers to entry(reason for so many freelancing platforms)Blockchain network for IT workforce and services500koutsourced projectbudget EURFocus on bigger IT projectsfor enterprises and SME01 day3 months24 monthsProject duration/5

Key pains of Businesses/Clients:Blockchain solution:Sourcing relevant external talent with provenskills through social networks and HR agenciesis slow and expensivePurpose-built blockchain network with directaccess to verified and available workforceHigh-cost administration of numerous externalworkforce and supplier relationships (incl. backoffice, reconciliation, purchase orders, timesheets,invoicing, payments)Smart contracts provide unprecedented efficiencyand scalable automation of back-office — 90%efficiency gain!Unable to hire best talent due to limitedreach of existing preferred suppliers andAny smaller workforce or supplier may be legallyrepresented by blockchain network itself, andcan be engaged in projects and contracts with largeenterprise clientsrisk-management limitationsBlockchain network for IT workforce and servicesBlockchain solves key painsof IT service project stakeholdersBusiness (client) perspective/6

Key pains of Workforce/Suppliers:Blockchain solution:Lower income due to 15%-25% averagecommisions of internediaries and agenciesEfficient blockchain network with low fees (2-3%)and no intermediariesPoor payment terms, complicated (long) workapproval process – up to 60 days and moreto wait for fundsSmart contracts provide possibility for theimmediate work approval action thatis simultaneously a payment to workforce!Non-transferrable reputation and projecthistory — on existing centralized platformsreputation stars and history are not controlledby workforce, and cannot be transferredBlockchain allows workforce to own and monetizetheir profile, reputation, past project history, andallows to move between platformsBlockchain network for IT workforce and servicesBlockchain solves key painsof IT service project stakeholdersWorkforce perspective/7

Servicebit Network key featuresFINMA compliant solutionNetwork does it allReputation, profilesand projects historyBack officeautomationDirect matching: live networkpurpose-built for IT suppliersand workforce connectingwith large corporate and SMEsVerifiable profiles: trust in reputationand track record - audited by actualclients and community. Reputationmetrics based on AI human feedbackDigital automated paperwork:smart-contracts driven approvalof work, reconciliation, invoicingand payments in crypto or fiatActive community: tokenpowering active communityinteractions and governanceConfirmed projects history:Community verified projects history –audited by project ownersRevolutionary efficiency: up to90% efficiency gain for backoffice via smart contractsNo small-supplier problems:network’s own legal entity acting ascounterparty to larger businessesTransferrable reputation and data:100% ownership and unrestrictedtransfer of own reputation and historyCustom admin dApps: flexibleworkflows for all stakeholders/8

BusinessWorkforceNetworkLess expensive and moreefficient sourcing of workforceEarlier payments with no feesToken logic to foster positivecommunity interactionImproved trust in profiles andbetter traceabilityBetter project fit — no irrelevantrequestsBlockchain network for IT workforce and servicesSummary of benefitsto stakeholdersIncrease in volume/revenue partlydue to decrease in feesMonetize own profileSmart contracts reduceback-office cost by 90%Better contracting experiencethrough back-office automationEnterprise customers and SMEsincrease share of external workforce#1 position to drive furtherAI adoption for IT/9

Principal network architectureWorkforceInternal web-app and internal APIsProject matchingTeam managementCommunity interactionsBack office and paymentsTechnical audit by Blocksmithblockchain advisory anddevelopment studioExternal apps APIJIRA, Asana, YouTrack,etc.Project management (only projectphases and progress data)Servicebit Network core dAppDatabasecloud and distributed(IPFS, BigchainDB)Existing and future blockchain networks(Ethereum and private blockchainsof larger enterprise customers)Servicebit network is plannedto run on a public blockchain(e.g. Plasma), but we alsoenvisage integrations withprivate blockchains of largecorporate clientsBlockchain network for IT workforce and servicesBusiness/ 10

20142017Feb 2018Aug 20184Q 20181Q 20193Q 2019IT-Suppliers founded inZurich, SwitzerlandIT-Suppliers products andcommunity grows to 200 large clients, 6’000 ITsuppliers and 1 mlnqualified workforce. Annualrevenue growth x6.Servicebit concept bornfollowing requests fromboth workforce andbusinessesNetwork architecture andkey features designed andverified with keystakeholdersWorking on first versionMVP on Ethereumof MVP on Ethereumwith pilot usersLaunch of initial publicversion of ServicebitNetwork1H 20192H 20191H 20202H 20201H 20212H 2021- Servicebit commercialprototype on testnet- Initial public version onEthereum mainnet (focus onworkforce matching)Development of reputationand profile verificationback-endFirst version of hybridreputation system(AI human feedback)Major communitydevelopment, incl. with largeenterprise and smaller SMEMajor communitydevelopment, incl. with largeenterprise and smaller SME- Active support for networkdevelopment (incl. throughtoken airdrops and increasedmicro-bonuses)Payments in tokensimplemented as part of publicServicebitMost back-office is run viasmart contracts (engagement,approvals, reconciliation,payments)Further development of smartcontract automationFurther development of smartcontract automationJoint team managementproduct features (external andinternal workforce managedthrough one dApp)In-depth integration withleading project managementtools- Pilot projects with few existingClients of IT SuppliersInitial back-office featuresautomated via smart contractsDevelopment of customworkflows for larger clients thatwill further increase businessvolume for WorkforceBlockchain network for IT workforce and servicesDevelopment roadmap/ 11

Token economicsServicebit ecosystemSmart Contract back-office automationin SRVB tokenContracts management and purchase ordersPay for WorkforceservicesWorkforceReceive bonusesfor sign-up andconsistentlyhigh reputationin fiat ( XX% fee)Earn/spend SRVB- other profiles review- history verification- high reputation- dispute resolution- etc.CommunityWorkforce and BusinessFinancial reconciliation and paymentsWork approvalBusinessReceive bonuses for projectsvolume and qualitySRVB token is only used as efficient means ofpayment within closed ecosystem.Prices and rates fixed in fiat currency eventually bought / sold on spotmarket right on Servicebit front-end(through deep integration with athird-party crypto-fiat exchange)Pay Servicebit fee 2-3% in SRVBPay for premium servicesSRVB airdrops to Workforceto support network growthServicebitSRVBfiat“native” exchangePay for premium services/ 12

Token use casesPay for InformationBusinessRewarded for using platform, projects volume andquality (less cancelled projects — lower fees)Incentivised for IT integration with ServicebitPay for ServicebitPay for WorkPay project fee 2-3%and for premium servicesPay for services in tokensor fiat (with discount providedcertain token balance)No project feesPay for premium services(coaching, conferences)Receive payments in fiator tokens (faster, no bank fees)Rewarded for project verification and referencesWorkforceSign-up bonus for joining the networkMicro-bonuses for consistently high reputationPay/earn for providing feedback, reputation, etc./ 13

Workforce: search workflowTodayClient’srequest forWorkforceStep2Step3Automaticpush torelevantSuppliersStep4Supplier’sown orkforceSHORTLISTdelivered toClientClient’s p7ContractDrafting &ManagementWork Preferred Suppliers6K Marketplace Suppliers1Mio WorkforceBlockchain-level trust in workforce profile makes screeningand reference checks obsolete. Instead focus on in-personinterviews and project planning.TomorrowStep1Client’srequest forWorkforceStep2Automatic pushto relevantWorkforce /Supplier BLOCKCHAIN:PreferredSuppliers / Workforce20K Marketplace Suppliers10Mio WorkforceStep3VerifiedWorkforceSHORTLISTdelivered toClientStep4Interviews BLOCKCHAIN:Step5EnterSmartContract BLOCKCHAIN:Verified profiles, screening is doneTerms & Business RulesConfirmed projects historySimultaneous:Verified reputation- Work ApprovalRates and availability90% more efficientBlockchain network for IT workforce and servicesStep1- Financial Reconciliation- Payment/ 14

Workforce: backoffice workflowTodayStep1Step2Budgetrelease– issuePurchaseOrderStep3Contractsigningprocess, incl.scanningandpaper workDraftContractStep4Workforce’sSubmissionof �sInvoiceprocessingStep8Invoicescanning &matchingStep9Paymentprocesswith multipleintermediaries3-4 intermediaries and banksHeavy and expensiveinternational transactionsTomorrowStep1Budget release:Issue s & RulesWork approvalFinancial reconciliationPayment done/ 15