CAN BLOCKCHAIN BRING BENEFITS TO HUMAN RESOURCES?
The blockchain will offer greater security, trust and agility to the processes of human resources departments. It will also allow a more refined study of data according to the talent required.
In this blog we have always wanted to bring you closer to those news that always give a little light to companies to continue growing. As we always say, technology has come to enhance our competitiveness in the market and therefore it is always good to know its advantages.
BLOCKCHAIN GOES BEYOND CRYPTOCURRENCIES
We associate blockchain with cryptocurrencies, but this technology will not remain limited to this form of digital financing. Although it is true that issues of adaptability, legality, intellectual property or privacy still need to be polished, blockchain will grow and will be applied in several sectors, and human resources will be one of them.
WHAT IS BLOCKCHAIN?
We have mentioned blockchain in several posts, but it is worth remembering that it is a set of technologies that allow to keep a decentralized, synchronized and secure record of the information that transits through computers and other devices.
Specifically, its function focuses on a public record in digital transactions because each person/device can be uniquely identified. However, the information can only be accessed by people who are able to decipher the code.
THE RELATIONSHIP BETWEEN BLOCKCHAIN AND HUMAN RESOURCES
In the last year we have experienced a multitude of changes caused by the health, economic and social crisis as a result of the coronavirus pandemic. The normalization of teleworking, the new skills demanded by companies, the reinvention of many businesses…..
All of this has had a major impact on the work being done in human resources departments, as the recruitment of talent now requires taking into account this accelerated and sudden evolution that we are experiencing.
TALENT ACQUISITION FINE-TUNED WITH BLOCKCHAIN
By using blockchain in the selection processes within HR, it would be possible to bring together candidate data in a centralized and verified way. Thus, this information would be previously contrasted and would make the process more efficient as it would allow access to all the necessary data about a candidate from a single console.
DOUBLE VALUE OF BLOCKCHAIN IN PERSONNEL RECRUITMENT
In this case, the use of this technology would provide a double value. On the one hand, your future employee would have all his or her information centralized and encrypted and could highlight or even eliminate data that he or she does not consider appropriate for the position.
On the other hand, the employer would have the relevant tools to make faster and more efficient decisions that would reduce costs and administrative/bureaucratic times.
TRANSPARENCY AND PRIVACY ALWAYS ENSURED WITH BLOCKCHAIN
Transparency and data security are two essential pillars within HR. The blockchain makes for a fully traceable and transparent system as all movements are securely recorded and stored.
Data protection is the biggest concern for companies in 2023.
Thus, this technology is able to provide an unalterable history of the data and information shared in the system.
Do you have a more educated argument about the benefits that blockchain can bring to the human resources department? We believe it is a spectacular advance.
Blockchain is a revolutionary technology that enables decentralized and transparent record-keeping. It utilizes cryptographic principles to create a secure and immutable ledger of transactions. BSV Blockchain, a prominent implementation of this technology, offers enhanced scalability and efficiency, opening doors to countless applications in finance, supply chain, and beyond.