Blockchain network for IT workforce and servicesCompany overview / December 2018

Enterprise Future of Workpowered by www.it-suppliers.com

Workforce externalization is a sustainable trend

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Source: combined PwC (“Workforce of the Future” 2018), SAP (2017) and industry media

… and IT functions are leading this trend

Share of funds allocated and work done by(in large corporates in developed countries, aggregate average)

Internal workforce (employees)

External workforce (contractors, temps, etc.)

PerformanceExternal workforce has often higherproductivity due competitive natureand flexible work environment.

FlexibilityHeadcount and budget flexibility is key for large corporates and SMEs in today’s volatile market.

Cost savingsFaster access to specialized top talent at better cost than in-houseteams.

80%

2000 2020

20%

60%

40%

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External workforce get 70% of all IT services budgetsIT budget of just one large global company* indicative, USD bln peryear

— hundreds of niche IT projects— faster contractdecisions— project budget 0.1-10.0 mln USD— duration 3-36 months

* indicative example, applicable to most FTSE 500 or DAX 30 company

— dozen bigger IT projects— years in decision making— budget 10+ mln USD— duration 3-5 years

Total IT services External

1.5(100%)

1.0(70%)

Internal

~0.5(30%)

Outsourcing

0.5(35%)

0.5(35%)

StaffingOur existing business with proven market fit (www.it-suppliers.com)

Potential growth area

200just in EuropeEvery large company is a separate market for thousands of small and mid-sized IT suppliers

x

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1.6 trln USDglobal market(Gartner)

Who we are?Servicebit is a blockchain-evolution of www.it-suppliers.com. Founded in 2014 in Zurich (Switzerland), it is a leading supply-chain management SaaS focusing on external IT used by 6‘000+ suppliers and 200+ large and SME clients.

1+ mlnverified IT experts employedat over 6k suppliers globally on it-suppliers.com

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ASIA, CIS, MIDDLE EAST 3000 +Suppliers

SOUTH AMERICA 130 +Suppliers

AUSTRALIA30 +Suppliers

AFRICA100 +Suppliers

USA, CANADA, MEXICO400 +Suppliers

EUROPE2’900 +Suppliers

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Focus on bigger IT projects for enterprises and SME

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1 day 3 months 24 months Project duration

ou

tso

urc

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pro

ject

bu

dg

et

EU

R

0

500k

50k

5k

500

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IT staffing and outsourcing (IT-Suppliers, Toptal, etc.)

Servicebit focus: • Enterprise/SME client focus • Highly-desired stable business

for suppliers and experts• Back-office automation is key

Freelance(Upwork, etc.)

Gigs(Fiverr)

Freelancing and gig platforms:B2C nature of business no barriers to entry (reason for so many freelancing platforms)

Blockchain solves key painsof IT service project stakeholders

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Sourcing relevant external talent with proven skills through social networks and HR agencies is slow and expensive

High-cost administration of numerous external workforce and supplier relationships (incl. back office, reconciliation, purchase orders, timesheets, invoicing, payments)

Unable to hire best talent due to limitedreach of existing preferred suppliers and

risk-management limitations

Purpose-built blockchain network with direct access to verified and available workforce

Smart contracts provide unprecedented efficiency and scalable automation of back-office — 90% efficiency gain!

Any smaller workforce or supplier may belegally represented by blockchain network itself, andcan be engaged in projects and contracts with large enterprise clients

Business (client) perspectiveKey pains of Businesses/Clients: Blockchain solution:

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Blockchain solves key painsof IT service project stakeholders

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Lower income due to 15%-25% averagecommisions of internediaries and agencies

Poor payment terms, complicated (long) work approval process – up to 60 days and more

to wait for funds

Non-transferrable reputation and project history — on existing centralized platforms reputation stars and history are not controlled by workforce, and cannot be transferred

Efficient blockchain network with low fees (2-3%) and no intermediaries

Smart contracts provide possibility for the immediate work approval action that

is simultaneously a payment to workforce!

Blockchain allows workforce to own and monetize their profile, reputation, past project history, and allows to move between platforms

Workforce perspectiveKey pains of Workforce/Suppliers: Blockchain solution:

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Servicebit Network key features

Network does it all

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Direct matching: live network purpose-built for IT suppliers and workforce connecting with large corporate and SMEs

Active community: token powering active community interactions and governance

No small-supplier problems: network’s own legal entity acting as counterparty to larger businesses

Reputation, profiles and projects history

Verifiable profiles: trust in reputation and track record - audited by actual clients and community. Reputationmetrics based on AI + human feedback

Back office automation

Digital automated paperwork: smart-contracts driven approval of work, reconciliation, invoicing and payments in crypto or fiat

Revolutionary efficiency: up to 90% efficiency gain for back office via smart contracts

Custom admin dApps: flexible workflows for all stakeholders

Confirmed projects history: Community verified projects history –audited by project owners

Transferrable reputation and data: 100% ownership and unrestrictedtransfer of own reputation and history

FINMA compliant solution

Summary of benefits to stakeholders

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Business

Less expensive and moreefficient sourcing of workforce

Improved trust in profiles and better traceability

Smart contracts reduce back-office cost by 90%

Workforce

Earlier payments with no fees

Better project fit — no irrelevant requests

Monetize own profile

Better contracting experience through back-office automation

Increase in volume/revenue partly due to decrease in fees

Enterprise customers and SMEs increase share of external workforce

#1 position to drive furtherAI adoption for IT

Network

Token logic to foster positive community interaction

Principal network architecture

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Servicebit Network core dApp

WorkforceBusiness

Servicebit network is planned to run on a public blockchain (e.g. Plasma), but we also envisage integrations with private blockchains of large corporate clients

Databasecloud and distributed(IPFS, BigchainDB)

Existing and future blockchain networks(Ethereum and private blockchains

of larger enterprise customers)

Internal web-app and internal APIs

Project matching Team management

Community interactions Back office and payments

External apps APIJIRA, Asana, YouTrack,etc.

Project management (only project phases and progress data)

Technical audit by Blocksmithblockchain advisory and

development studio

Development roadmap

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2014 2017 Feb 2018 Aug 2018 4Q 2018 1Q 2019 3Q 2019

IT-Suppliers founded in IT-Suppliers products and Servicebit concept born Network architecture and Working on first version MVP on Ethereum Launch of initial publicZurich, Switzerland community grows to 200+ following requests from key features designed and of MVP on Ethereum with pilot users version of Servicebit

large clients, 6’000+ IT both workforce and verified with key Networksuppliers and 1+ mln businesses stakeholdersqualified workforce. Annualrevenue growth x6.

2H 2019- Initial public version on Ethereum mainnet (focus on workforce matching)

- Active support for network development (incl. through token airdrops and increased micro-bonuses)

1H 2019- Servicebit commercial prototype on testnet

- Pilot projects with few existing Clients of IT Suppliers

1H 2020Development of reputation and profile verification back-end

Payments in tokensimplemented as part of publicServicebit

Initial back-office features automated via smart contracts

2H 2020First version of hybrid reputation system(AI + human feedback)

workflows for larger clients thatwill further increase businessvolume for Workforce

smart contracts (engagement,approvals, reconciliation,payments)

Further development of smartcontract automation

product features (external andinternal workforce managedthrough one dApp)

1H 2021Major community development, incl. with large enterprise and smaller SME

In-depth integration withleading project managementtools

Further development of smartcontract automation

2H 2021Major community development, incl. with large enterprise and smaller SME

Development of custom

Most back-office is run via

Joint team management

Token economics

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Servicebit ecosystem

Contracts management and purchase orders

Financial reconciliation and payments

Work approval

Smart Contract back-office automation

in SRVB token

Pay for Workforceservices

in fiat (+XX% fee)

ServicebitSRVB fiat

“native” exchangeSRVB airdrops to Workforce

to support network growth

Receive bonuses for sign-up and consistently high reputation

Earn/spend SRVB- other profiles review

- history verification

- high reputation

- dispute resolution

- etc.

Receive bonuses for projects volume and quality

Pay Servicebit fee 2-3% in SRVBPay for premium services

Pay for premium services

Workforce Business

CommunityWorkforce and Business

SRVB token is…

only used as efficient means of payment within closed ecosystem. Prices and rates fixed in fiat currency

eventually bought / sold on spot market right on Servicebit front-end (through deep integration with a third-party crypto-fiat exchange)

Token use cases

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Pay for Information Pay for Servicebit Pay for Work

Rewarded for using platform, projects volume and quality (less cancelled projects — lower fees)

Incentivised for IT integration with Servicebit

Rewarded for project verification and references

Workforce

Business

Sign-up bonus for joining the network

Micro-bonuses for consistently high reputationPay/earn for providing feedback, reputation, etc.

Pay project fee 2-3% and for premium services

No project feesPay for premium services(coaching, conferences)

Pay for services in tokensor fiat (with discount provided certain token balance)

Receive payments in fiator tokens (faster, no bank fees)

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Workforce: search workflow

Client’s request for Workforce

Automatic push to relevant Suppliers

Preferred Suppliers6K+ Marketplace Suppliers 1Mio+Workforce

Supplier’s own manual search, screening, interviewing

Today

Step1 Step2 Step3 Step4 Step5

Verified Workforce SHORTLISTdelivered to Client

Client’s manual screening, reference checks, interviews

Step6

Contract Drafting & Management

Step7

Work Approval, Financial Reconcilliation, Payment processes

Tomorrow

Step1 Step2

Client’s request for Workforce

Automatic push to relevant Workforce / Supplier

Step3 Step4

Verified Workforce SHORTLISTdelivered to Client

Interviews

Step5

Enter Smart Contract

+ BLOCKCHAIN:

PreferredSuppliers / Workforce

20K+ Marketplace Suppliers

10Mio+Workforce

+ BLOCKCHAIN:

Verified profiles, screening is done

Confirmed projects history

Verified reputation

Rates and availability

+ BLOCKCHAIN:

Terms & Business Rules

Simultaneous:

- Work Approval

- Financial Reconciliation

- Payment

Blockchain-level trust in workforce profile makes screening and reference checks obsolete. Instead focus on in-person

interviews and project planning.

90% more efficient

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Workforce: backoffice workflow

Today

Step1 Step2

Budget release– issue Purchase Order

Draft Contract

3-4 intermediaries and banks

Heavy and expensive international transactions

Step3

Contract signing process, incl. scanning andpaper work

Step4 Step5

Workforce’s Submission of Timesheet

Client’s Timesheet scanning

Step6

Client’s Timesheet approval (Work Approval)

Step7

Client’s Invoice processing

Tomorrow

Step1 Step2

Budget release:Issue Purchase Order

Enter

SMARTCONTRACT

Including:Terms & Rules

Work approval

Financial reconciliation

Payment done

Step8

Invoice scanning & matching

Step9

Payment process with multiple intermediaries

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Team

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Marc Carletti / Business Development Enterprise segment

Ex-CEO of BT and SIX, focus on digital transformation, growth strategies, banking cyber-security and online strategies. MBA in Information Technology.

Valérie de Montmollin / Workforce legal and administration

Entrepreneur and renowned expert with over 25 years of experience in outstaffing, payrolling, recruiting process outsourcing. Secures the legal and financial aspects for all workforce and clients.

Igor Putrenko / Founder, Business Development and Operations

Successful serial entrepreneur, focusing on IT, Supply Chain and Professional Services. Over 20+ years of the relevant industry experience. MSc in Computer Science.

Pavel Volichenko / Product and Business Development

Tech entrepreneur with VC/PE investment management background. Since 2014 invested in and developed two Swiss startups in online travel and computer graphics. MSc in Applied Mathematics.

Dmitry Volokh / IT development

Software development lead with over 20 years of experience. Managed 100+ people external development teams, which is crucial for building Servicebit.

One of key PwC partners in Switzerland for over 30 years. Currently counsel at Wenger &Vieli law firm. President of the HSG Alumni Association, one of the largest and most active alumni networks in Europe.

Urs Landolf / Advisory Board MemberHSG Alumni president, PwC for 30+ years

Former Chief Procurement Officer of Avaloq and Adecco — leading worldwide staffing company. Vast experience in Supply Chain area focusing on IT and Workforce / Professional Services.

Paolo Volpicelli / Advisory Board MemberSourcing, Procurement and Staffing Expert

Rafael Jegundo / Technical lead, blockchain

Senior blockchain and machine learning software architect with years of hands-on development and global team management expertise.

Contacts

www.servicebit.io Igor PutrenkoFounder, CEO of IT-Suppliers AG

Feldeggstrasse 4 igor.putrenko@it-suppliers.com8008 ZurichSwitzerland

+44 20 3290 7003 (UK)+1 415 800 4533 (USA)+41 44 586 34 00 (Switzerland)+852 8170 0201 (Hong Kong)