Recruit Technologies Applies Blockchain Technology to the HR Industry Through Strategic Alliance with ascribe
BERLIN/TOKYO, April 26, 2016 — Recruit Technologies and ascribe announced today a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and in turn address fraud in HR credentials.
Recruit Technologies is a subsidiary company of Recruit Holdings Co., a leading information services and human resources company in Japan. Recruit Technologies which focuses efforts on IT and R&D for new technologies and trends, is leveraging ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Technologies will also be using BigchainDB, a scalable blockchain database.
The aim of these tests is to investigate the possibilities and practical uses of how blockchain technology can be applied to the human resources sector, they will begin by developing a prototype resume authentication database for hypothetical job hunters.
“With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database,” said Osamu Yonetani, CTO of Recruit Technologies. “As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.”
The result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Technologies to leverage this technology across the many different industries Recruit Holdings Co. works with.
HR is one industry where fraud can manifest in a series of ways such as forged or altered documentation to completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or changing the context altogether.
“This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion,” said Bruce Pon, CEO of ascribe. “By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.”
About Recruit Holdings
Founded in 1960, Recruit Holdings is a leading information services and human resources company in Japan. Through a wide range of services, the Recruit Group is focused on a variety of areas, including recruitment advertisement, employment placement, staffing, education, housing and real estate, bridal, travel, dining, beauty, automobiles and others.
The Recruit Group has more than 30,000 employees and operates all over the world. www.recruit-rgf.com.
About ascribe
Founded in 2014, ascribe is a service for creators to register and track intellectual property. By registering work with ascribe, a unique, cryptographic ID is generated and then stored on the blockchain, creating a permanent and unbreakable link between the creator and their work. Creators lock in authorship, can create limited digital editions, securely share and trace where work spreads online. ascribe has been featured in dozens of publications and to date over 5,000 creators have declared 10,000 works and over 40,000 unique editions within the system. www.ascribe.io
Media Contact
Carly Sheridan
+49 30 6482 6092
carly@ascribe.io
###
