ShitPixy - Strong Buy - Next-Gen Workforce - Update

PIXY : Strong Buy

Initiated: Feb 14th, 2019 at $1.60

First analysis:

Target: $26

Time-frame: 60-90 Days

ShiftPixy, Inc. (NASDAQ: PIXY), a disruptive workforce engagement platform provider, is leveraging blockchain as a digital ledger for all human capital transactions.

ShiftPixy is a prime use case for implementing a private, centralized blockchain due to the security and privacy of the data that a blockchain affords. In business, human capital transactions contain some of the most crucial and sensitive personal information-namely, everything contained in the personnel records for an individual (including social security number, date of birth, driver’s license or passport details, bank account information, tax form elections, and more). Any data considered to be a human capital validation point or part of the hiring and onboarding process is being utilized and recorded in ShiftPixy’s blockchain ledger. The employee I-9 verification process, for example-one of the most stringent, rigorous, and penalty-laden compliance procedures-is positively impacted by blockchain utilization of biometric authentication and automatic verification of I-9 data, removing human error in the process of screening for fraudulent information. Scott Absher, President and CEO of ShiftPixy, stated, “We use blockchain technology in our ecosystem, because it is one of the most efficient tools available to help us protect our data from cyber interference. Any data considered to be a human capital validation point or part of the hiring and onboarding process is being utilized and recorded in ShiftPixy’s blockchain ledger.”

Cycle Correction:

Daily Chart: Target

Will update.

FMW

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