Blockchain in HR

Abstract

Blockchain is an innovative IT technology that will undoubtedly determine development of our network society in post-modernity of the coming decades. Being a young technology, blockchain needs a doctrinal explanation and a well thought regulation to ease contradictions that will arise as a result of nonuniform commercial adoptions. Blockchain technologies are already in the phase of active adoptions by the corporate mainstream, the grade of adoption to increase and cover virtually all areas of our lives. Hence it is important to analyze trends and define its prospective developments. One of such areas covers relationships in the labour market, including search and recruiting of new stuff, talent management and retainment, as well as all related activities. The application of blockchain technologies provides benefits to each aspect of HR related activities, in professional growth and career advice, in remunerations and related reductions of costs. For example, blockchain provides job seekers with an opportunity to create, to edit and to deliver their CVs in a fully transparent yet protected environment, while employers may get the provided data on educations, job experiences skills confirmed in the automatic mode by consensys tools. In many situations, blockchain allows to remove intermediaries such as recruiters (headhunters). Also, blockchain allows to simplify compliance with labour, social security and fiscal regulations, enforced by Labour Agencies and trade unions. Labour legislation and regulation falls into the realm of law that regulates one of the most important segments in societal interactions. Hence, the labour law is closely and directly related to production outputs and other important socioeconomic features. To match the need of significant economic developments in the digital space, the quality of relations between the participants of remote transactions become more important then ever. Such relations need to be secured by reliable practices in electronic registrations.

Blockchain Technology for Employment Healt Insurance Department: Adaptation Isues

“…Blockchain makes it possible to verify anything related to an employee (Koncheva et al, 2019), because network-decentralized blockchain-based systems are capable of verifying and automating any data stream. The introduction of blockchain will not only affect scheme payroll but also the payment tax and recruiting process.…”

Blockchain and human resource management: Emerging themes and research agenda

“…This is the case due to the nature of the design of a blockchain, which can provide pseudonymous privacy, decentralisation, data immutability, smart contracts, greater sustainability, resilient architecture, transparency, shared database, and counterfeit prevention ( One of the domains where Blockchain is being touted as a game-changer is human resource management (HRM) (Mishra and Venkatesan, 2021). Hiring, attendance management, employment contracts, pay-related nancial transactions, data security, and fraud and cyber-attack prevention are all thought to gain from blockchain adoption (Koncheva et al, 2019;Myeong and Jung, 2019;Sharif and Ghodoosi, 2022). According to one proposed potential application of Blockchain in HRM: "blockchain provides job seekers with an opportunity to create, to edit and to deliver their CVs in a fully transparent yet protected environment, while employers may get the provided data on educations, job experiences skills con rmed in the automatic mode by consensys tools."…”

The role of blockchain technology in the process of decision-making in human resource management: a review and future research agenda

“…The process of mining is also known as the hash function. If these miners solve the complex algorithm then the solution is checked for consensus, this is also called proof of work (Koncheva et al, 2019;Laurence, 2017;Olivas-Lujan 2019;Romano and Schmid, 2017;Yaga et al, 2019). If the consensus crosses a specified category then the miners are rewarded and the transaction is timestamped with prior transactions in the form of a block.…”

“…The process of mining is also known as the hash function. If these miners solve the complex algorithm then the solution is checked for consensus, this is also called proof of work (Koncheva et al. , 2019; Laurence, 2017; Olivas-Lujan 2019; Romano and Schmid, 2017; Yaga et al.…”