How Blockchain Transforms the Recruitment Process?

Recruiting is a complex practice that requires keen analysis of the data. In recruitment, various issues are put into consideration before the employer settler in a particular job seeker. Before a hiring decision is reached, there is a various measure that job seeker and employer go through. During this process, there is a lot of data exchange between the two the job seeker, and the employer that is the job seeker must provide a set of personal information that is essential during the recruitment process. When passing this sensitive information, the job seeker trust that the employer will handle this information with care and on the other hand, the recruiter is entrusting that all information provided by the job seeker is accurate. Failure of either party to uphold their end of bargain eventually lead to delay or to emerge of the issues that prohibit the candidates from filling this gap.

Blockchain and Recruitment

To solve this problem, job seekers can seek a leverage blockchain technology to come up with one, immutable chain of personal information that will be used when applying for jobs. During the recruitment process, the employer will easily access the job seekers personal information in the public blockchain based on the experience. The blockchain technology help to improve the candidate experience, enabling job seekers to create a single account for their experience and the information that will be used throughout the entire recruitment period. Thus, saving time and the concerns that emanate with the manual method of data sourcing. Blockchain technology is boosted by advancement in technology; therefore, the employer can get information on the internet. Thus, with blockchain technology, the employer can streamline job seeker data information during the recruitment process, thus creating an easy time for data exchange.

The blockchain enables the employer to verify the candidate; the distributed ledger technology provides a means of storing information and keep a record of the data in a ledger. Once the transaction is complete block is placed to the chain, and that chain cannot be altered with. Blockchain has nodes of the network that participate in verification and synchronization and thus making it hard to tamper with these data. In the human resource side, distributed ledger technology is not only used for identification but also verification purposes. The employers can obtain the candidate’s qualifications, work history of the candidate and references. Since the blockchain provides the information of the job seeker in full detail, the employer can identify, assess the history of the candidate, verify the qualification and the certification of the candidate in an easy way. the employers can identify talents, skills and experience there are searching in a trusted website. On the side of the job, seeker blockchain helps them to update their resume once to allow the employer to access the information for verification. The burden of the job seeker to keep updating the resume to the job website is eliminated. Distributed ledger technology enables employer who offer contractual job revenue history of the potential candidate regarding the previous contract’s performance, payment and minimum time a job seeker can offer.

Blockchain Decentralization

Blockchain is an interesting technology since its entirely decentralized.  The data is not put in a central point, thus removing the supreme central authority and instead give authority to the individual to control data. The blockchain technology is decentralized. Thus it lacks central control. Therefore, the absence of the central control makes this system to be fairer and more secure.  This technology enables data to be recorded onto the blockchain programs in a secure process that value the concept of decentralization.  Blockchain observes the consensus protocol across the network nodes, to assess the transaction and record data in an incorruptible way. the fact that blockchain is not based on a central point makes the cost that is incurred to complete this process to be completely low. Since the system is not concentrated in a central point, the money that are usually collected from these processes is no longer of concern. The only costs that are incurred by the parties involved are the nominal fee that is used to reward the miner who runs the node.

Decentralization acts a key them in the shift traditional pipes to modern platforms. Business pipes rely on a centralized a model of value creation and exchange. Despite blockchain decentralization it being the new invention, this program has proven to be advantageous. The program has ensured that the rate of fraud has been minimized. Since the blockchain uses open source ledge and all the transaction that are involved are recorded, it makes it easy to identify any fraud that takes place. Thus, the mitigation steps are taken to ensure the data in these sites remain safe. Blockchain decentralization promotes integrity since the transaction in this site is monitored and validated by the miner every day. The other advantage of blockchain decentralization ensures that the data is safe from interference from the external hacker. It is tough for the hacker to access every personal account to interfere with the data. Different from how it could be in case of data stored in a central point. Cryptocurrency is more secure since it is not regulated by the central body, which faces risks of being corrupted and mismanaged; the transfer of what is in the blockchain is completely in the trusted environment. Verification is usually conducted by the consensus instead of a single company.

On the other side, blockchain decentralization is not effective in some ways. These sites, since they lack central control, they have become preferred sites for criminals. The criminals can keep their data safe in these sites since no one can access the personal account of the individuals. Therefore, these sites keep off the investigation agencies from accessing harmful information stored in these sites. Blockchain decentralization raises the storage issues; storing information in these sites can be a problem to people who are not tech Savvy. This program becomes somewhat complicated when it requires one to purchase cloud storage.

Leave a Reply

Your email address will not be published. Required fields are marked *