If you haven’t heard of blockchain, perhaps you’ve heard of Bitcoin, the cryptocurrency that uses its technology? Let's take a look at how blockchain could transform the daily work of the HR department. HR professionals are becoming increasingly curious about the benefits of blockchain technology and are already seeking ways to seize a ‘first mover’ advantage by adopting it. IBM, Samsung, Visa, Walmart and Barclays, to name just a handful, are already seeing the benefits of blockchain to track supply chains, create ‘smart’ legal contracts and simplify financial transactions. Each of the Big Four accounting firms has already rolled out blockchain in various formats. So, what on earth is it? Blockchain technology enables a record of transactions to be stored and verified across a network and validated in real time. Transactions can be financial in nature or purely information-based, and because the network records each transaction (the ‘block’) and maintains a permanent and
51job.com, one of the biggest recruiting platform in China, continues to boost after its inception in 1999. However, as a centralized platform, the information in CV have the risk of being leaked, which will jeopardize the applicants. On the other hand, for recruiters, the information in CV cannot be verified, and it will take them extra time, which slows down the process and cost more. A tedious process is also bad news for the applicants as they can maximize their potentials. Consequently, employers have to cost extra time and money to hire a talent and for a talent, they will miss more opportunities. Both Job Seekers and Recruiters Deserve Better Curriculum Vitae Chain, the first blockchain application in recruiting sector in Asia, is trying to bring changes to recruiting sector and provide one-stop solution to both recruiters and job seekers. The team says that they believe that finding a dream job with your dream employer should be fast and easy. Equally, finding top talent s