Blockchain technology has been in the spotlight currently and soon it’s going to affect our lives. So, let’s see how it works 

www.euromoney.com stated that Blockchain Technology is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

As our position in the recruitment world, GetLinks will clarify how blockchain technology will support recruitment shortly accordingly.

1. Blockchain helps screening applicants by checking employment history and resumes

As mentioned above, Blockchain can store data and distribute it across the network. This allows us to use this technology to screen applicants. check employment history. With this ability, Blockchain could become a game-changer in simplifying recruitment innovation.

2. Blockchain holds the ledger accounts for such as databases, financial records, HR documents, and talent pool

Recruitment can use Blockchain Technology to be a company ledger accounts. For example, it can be used to keep a financial records database and store HR documents and talent groups. Moreover, this can also be used to create a more thorough candidate profile.

3. Blockchain save time, money, and resources on doing and securing the transaction

Blockchain can reduce transaction time between stakeholders from days to just a few minutes. This technology eliminates the need for hiring managers or employees to monitor every important transaction. Blockchain Technology’s security saves time and money to complete important transactions as well.

4. Blockchain is reliable and prevents forging a document and information

When personal information is stored on the Blockchain, whether it is personal history. educational background, work experience, wages, social security claims, referrals to Individuals or organizations in applying for a Job can be trusted. Therefore, there is no problem with the forgery of documents and information from applicants because they can be checked for sure

5. Blockchain matches suitable candidates with the position easier

When we use Blockchain Technology to verify the applicant’s information This allows us to look for candidates with skills that are more suitable for the position and organization, so the applicant screening process is easier and greatly reduces the time required for the recruitment process.

The passage above feels like Blockchain is starting to play a role in our daily lives. Therefore, we should be aware of disruption from the technology world.

✦✦✦

Join GetLinks – the biggest tech talent network in South East Asia. Expand your network and explore job opportunities.