Recruitment agencies are now turning towards blockchain technology to revolutionize the way that they manage their candidate databases and hire new staff members. The benefits of this are huge, not only in terms of reducing human error, but also in streamlining the entire hiring process and ensuring a higher level of security than ever before. Here’s how it works.
Transparent candidate sourcing
Candidates are more likely to apply for a position if they feel their information will be kept confidential. With blockchain, recruiters can use the technology to store and share data in a secure way with only those who have access. As a result, candidates don’t need to worry about their information being stolen or exposed. This makes it easier for agencies and companies to find the perfect candidate without compromising their privacy.
Secure data storage
Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. The technology can be used to create secure storage for any type of information, including files and images. This makes it easier to hire freelancers or new employees without worrying about the safety of your private data.
Automated reference checking
Reference checking is a tedious process that takes up a lot of time. There are many startups working on ways to automate this process, and blockchain companies are leading the way in this space.