1 / 8

5 Ways Blockchain Can Transform Human Resource Management

When we talk about Blockchain technology, then we often associate it with Bitcoin and cryptocurrency exchange. However, with time we have seen some great transformation in the use cases of Blockchain technology, and we can now find its umpteen uses across the different segments of the industry. Different business verticals like finance, marketing and human resource can reap the benefit out of Blockchain.

blockchaincouncil15
Download Presentation

5 Ways Blockchain Can Transform Human Resource Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 Ways Blockchain Can Transform Human Resource Management If we speak about blockchain technology, we mostly link it with the trading of cryptocurrencies and Bitcoin. Over time, however, we have seen a great shift in the use cases of Blockchain technology, and we can now find its numerous applications in the various sectors of the industry. Different verticals of business such as banking, marketing, and human resources will benefit from Blockchain. We will illustrate the relevance of Blockchain in the area of human resource management in this blog.

  2. Blockchain's 5 applications in human resource management 1. Recruitment- Blockchain's first use case is in the recruitment sector. Typically, it takes the most human resources, from resume procurement to candidate shortlisting, a lot of time goes into it. But things will get simpler with Blockchain. Since all the applicant information is present on the DLT, it becomes easier for you to access the system and take out the resume of the correct candidate for your requirement. 2. History check-The next significant task in human resource management is to conduct the background check of the workers. Companies currently depend on a third party for this job; however, things would be simplified by Blockchain. Because the organization would have direct access to the information of the applicants and Blockchain guarantees the validity of the history of the nominee, this would be a more reliable way of checking employee data.

  3. 3. Protection of employee data- The next significant aspect of Blockchain is that it offers full security of data. Since all the information stored on the DLT is cryptographically encrypted, it guarantees that the information is secure from attacks and breaches of data. 4. Smart contract for contract jobs- It can be a challenging challenge for many businesses to employ contracted workers now, keep a record of them, and pay them on time. So, using smart contracts that are auto-executable will be the safest way out. If the job is done, the contract will be executed and the payment will be made. This eliminates all forms of delays that are frequently part of contractual work. 5. Confidentiality of knowledge- The user is granted authority by Blockchain. The information is protected with the blockchain in place, and people have full control over the information.

  4. These are some of Blockchain use cases and carry a prospective future. If you are prepared to do a job as a Blockchain professional, then now is the best time to do so. Here's the next step:Your next step should be to register for a Blockchain certification program provided by the Council of Blockchain. Full information on Blockchain and its use cases is supported by this detailed learning program. You will become familiar with the principles of Blockchain and its use cases with this certification program. Connect with the Blockchain Council today to learn more about the Blockchain certification program.

  5. In the future, Blockchain will become the main driver of transformation, and if you really want to become a part of this change, this is the best time to participate in the Blockchain certification program.

  6. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. • Certified Blockchain Expert • Certified Blockchain Developer • Certified Smart Contract Developer • Certified Solidity Developer • Certified Ethereum Developer

More Related