Examples of How Blockchain Can Be Used in HR
Learning Bite: Examples of How Blockchain Can Be Used in HR
Blockchain has great potential and can have multiple uses in HR, says Andrew Spence.
For instance, one of the advantages it can offer is the fact that it enables peer-to-peer transactions so as an individual you can find a job. In fact, Blockchain might change the whole recruitment marketplace altogether by lowering transactions costs and facilitating more efficient work matching platforms cycles. Similarly, its perks in HR revolve around giving benefits to the gig-economy freelancers by potentially allowing them the possibility to have shares in these platforms. Blockchain also facilitates the case about payroll, within which it can ease the processes of verification, checking and validation, and making the whole process more streamlined and more trustworthy.