Nodal Labs signs £250m deal with construction recruiter Minstrell

Nodal Labs, a blockchain-powered freelance marketplace, has inked a deal with specialist construction & engineering recruitment firm Minstrell valued at £250m over five years.

The Nodal platform launches today (29 April) with the aim of giving employers instant access to a talent pool of freelancers, with skills verified by others in the industry. For freelancers, the platform uses a system of smart contracts to put a halt to late payments and “unfair scope creep”, which Nodal says has become “an endemic problem in the freelance community”.

Work and skills are continuously validated and recorded each time an action is performed, a Nodal statement said.

Nodal will initially serve the creative and visual effects (VFX), and construction, property and engineering sectors where, according to the company, “the challenges of skills verification and late payment are most severe”. 

In addition to Minstrell Recruitment, Nodal’s clients include architectural design firm Foster & Partners, creative studio Access VFX, and VFX company Union VFX.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

CPL Resources promotes Conn as Heraty joins Outsourcing board

Ireland-based global provider of talent and workforce solutions CPL Resources has appointed group CFO Lorna Conn (pictured) to deputy CEO.

People 27 April 2021

CONTRACTS & DEALS: 26-30 APRIL 2021

This week’s new contracts & deals include: BPS World, Copello Global, MM Search, Zest Education

Contracts 27 April 2021

APPOINTMENTS: 19-23 APRIL 2021

This week’s appointments include: develop, Forsyth Barnes, Heidrick & Struggles, ManpowerGroup, Oakleaf Partnership, Pedersen & Partners, Premier Group Recruitment, Sixty Eight People, Venatu Recruitment Group

People 19 April 2021

APPOINTMENTS: 12-16 APRIL 2021

This week’s appointments include: Eden Scott, Irwin Mitchell, New Street Consulting Group, Samuel Knight International, Scandic Hotels Group

People 13 April 2021
Top