The Solution to Current Market Inefficiency in Credentials Verification
The exchange of employment references between applicants and their previous employers is a standard part of the hiring process. Not only is this system cumbersome for all parties involved, it also leads to a higher risk of information falsification and manipulation. A dishonest applicant can manipulate the content of the employment reference before using it as an application to present himself in a better way than other competing parties. Potential employers do not have many options to deal with this problem as they can either check the genuineness of the documents by contacting the previous employer directly or use a service provider. Often, references are left unchecked because both processes are expensive.
However, SEDA is the next-generation recruitment and background verification platform. It is blockchain-based, which enables secure and direct exchange of employment references in an ecosystem with educational institutions, applicants and potential employers. Besides, applicants have full control over their employment references and can authorize whom to have access to the data. Every data stored in SEDA’s system is intrinsically saved and, with the blockchain’s underlying properties, it is protected from any form of tampering.
Nevertheless, SEDA is unlike any other endeavors in this field. SEDA is not influenced by or partnered with corporations in the background check industry. SEDA is an ecosystem that seeks to improve the industry’s current inefficient processes without having to consider external factors arising in outdated revenue models. SEDA will increase the speed of data verification and delivery to the employers. SEDA believe that this makes the system more user-friendly and will result in higher acceptance. In fact, the amount companies spend on this ecosystem is a fraction of the amount spent on conventional background check practices.
Through this, instead of waiting for verification from intermediaries, employers get fast, easy and secure access to the applicant’s credentials. Even more important, these documents are verified by the educational institution. For instance, if a potential employer conducts a background check, the applicant no longer depends on their previous employer. SEDA will create an ecosystem to facilitate an on-demand, secure, verified and rewarding mechanism for participating parties in the ecosystem. In which accreditations and credentials are being verified on the blockchain directly instead of intermediaries.
Thus, employers can now make informed and safe recruitment decisions and identify the most-qualified candidates before going ahead with the selection process. The platform allows businesses to safeguard their organization and applicants to improve their application credentials. Besides that, SEDA enables the efficient search for potential candidates in the recruitment industry.
