A new and potentially revolutionary application of blockchain technology could have wide-ranging implications for the way employers assess candidates and fill vacancies.
Blockchain is basically a method of recording information on a distributed and encrypted ledger – eliminating the need for trust, or middle-men in many applications. Today it is best known as the breakthrough technology behind virtual currency Bitcoin. But it has implications for any industry which relies on recording, storing and tracking transactions.
This week, APPII launched what it calls the “world’s first blockchain career verification platform” – leveraging blockchain’s function as a “trustless” system to give employers confidence that the candidate sitting in front of him is who he or she say they are.
APPII MD Gary McKay first came across blockchain while working in financial services, and quickly concluded that it had huge implications which reached far beyond his sector.
“I thought – hold on a second – this can be applied to any broker industry where trust is required to exchange value between two parties – so that could be real estate, or recruitment.“In the case of recruitment, it’s the exchange of a candidate between one party that sources the candidate, and an employer,” McKay tells me.
APPII’s platform allows candidates to create Intelligent Profiles – recording details of professional achievement or educational certification on the distributed ledger, where it can be verified and then permanently recorded.It then allows organizations such as businesses or educational institutions to verify the “assertions” that candidates make during applications.
By recording on a candidate’s profile that an assertion has been verified, there is no need for it to be checked again in the future.It also uses facial recognition technology to verify the identity of candidates, by asking them to take a picture using the mobile app and comparing it to a photograph on official identification documents such as passports.
McKay says “In high-risk industries, it’s imperative for employers to undertake due diligence – in financial services if you’re providing your money to someone to invest, you don’t want that person to have got their job by falsifying their CV. It’s the same if you go to see a doctor or nurse.” ... continue reading page 2 of this Forbes article here: https://www.forbes.com/sites/bernardmarr/2017/11/08/blockchain-based-cvs-could-change-employment-for...
Blockchain is basically a method of recording information on a distributed and encrypted ledger – eliminating the need for trust, or middle-men in many applications. Today it is best known as the breakthrough technology behind virtual currency Bitcoin. But it has implications for any industry which relies on recording, storing and tracking transactions.
This week, APPII launched what it calls the “world’s first blockchain career verification platform” – leveraging blockchain’s function as a “trustless” system to give employers confidence that the candidate sitting in front of him is who he or she say they are.
APPII MD Gary McKay first came across blockchain while working in financial services, and quickly concluded that it had huge implications which reached far beyond his sector.
“I thought – hold on a second – this can be applied to any broker industry where trust is required to exchange value between two parties – so that could be real estate, or recruitment.“In the case of recruitment, it’s the exchange of a candidate between one party that sources the candidate, and an employer,” McKay tells me.
APPII’s platform allows candidates to create Intelligent Profiles – recording details of professional achievement or educational certification on the distributed ledger, where it can be verified and then permanently recorded.It then allows organizations such as businesses or educational institutions to verify the “assertions” that candidates make during applications.
By recording on a candidate’s profile that an assertion has been verified, there is no need for it to be checked again in the future.It also uses facial recognition technology to verify the identity of candidates, by asking them to take a picture using the mobile app and comparing it to a photograph on official identification documents such as passports.
McKay says “In high-risk industries, it’s imperative for employers to undertake due diligence – in financial services if you’re providing your money to someone to invest, you don’t want that person to have got their job by falsifying their CV. It’s the same if you go to see a doctor or nurse.” ... continue reading page 2 of this Forbes article here: https://www.forbes.com/sites/bernardmarr/2017/11/08/blockchain-based-cvs-could-change-employment-for...