How is Blockchain Revolutionizing the Hiring Process

There is no denying that blockchain technology has the potential to revolutionize all industries across the business spectrum completely. The most notable revolution of this technology is in the cryptocurrency trade. Crypto trade has made it easy and convenient for investors to verify financial transactions. The crypto-technology safeguards Bitcoin data against malicious tampering in the form of forgery, theft, alterations, deletion, or fabrication.

ReadWrite
ReadWrite
Oct 4, 2019 · 4 min read

Blockchain technology has finally proven itself as a reliable data verification tool.

Blockchain has become not only plausible but preferable for the business world to start using to verify employee data before and during hiring processes. According to Kevin Wheeler, founder, and president of Global Learning Resources:

1. Resume verification.

Let’s face it: Many job candidates cheat their way to the job by including falsified information on their resume. There has not existed a reliable means of verifying the accurateness of the claims a candidate makes on the application. The chances of recruitment agencies detecting these falsehoods are devastatingly slim.

2. The emergence of smart contracts.

The world currently operates through traditional pen-to-paper contracts. Emloyees sign contracts with employers and then each of the parties keeps hard copies of the agreement. This method isn’t foolproof; dishonest parties tamper with signed contracts all the time. Also, paper contracts are tedious because they require time-consuming filing and documentation processes.

According to experts from Globalization Pedia:

3. Access to verified databases of skilled employees

Every hiring manager wants to hire the perfect candidates. A hiring manager may wish to get someone they would like to train in specific ways. Maybe this will be someone fresh out of university without experience. The hiring may require the most qualified, talented, and prolific employees. Many imperfections exist in the hiring platforms to produce a candidate with precisely the experience you require.

Bottom line

Every modern recruitment manager must come up with optimal strategies to leverage the power of blockchain technology. One key strategy would be to create a team of blockchain experts who are dedicated and talented enough to help you integrate technology into your normal operations.

ReadWrite

ReadWrite is the leading media platform dedicated to IoT…

ReadWrite

Written by

ReadWrite

The latest #news, analysis, and conversation on the #InternetOfThings

ReadWrite

ReadWrite

ReadWrite is the leading media platform dedicated to IoT and the Connected World. We work with the industry's top technologies, thinkers, and companies to tell the stories that drive this world forward.

ReadWrite

Written by

ReadWrite

The latest #news, analysis, and conversation on the #InternetOfThings

ReadWrite

ReadWrite

ReadWrite is the leading media platform dedicated to IoT and the Connected World. We work with the industry's top technologies, thinkers, and companies to tell the stories that drive this world forward.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store