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Blockchain Could Change the Face of HR

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 unalter…
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How a Blockchain-Based Project is Trying to Rebuild Traditional Recruitment Industry

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 should…

Blockchain Plus, Where Online Recruitment Will Rejuvenate

Since Premier Li Keqiang took office, at least 15 topics regarding Internet Plus have been discussed at State Council executive meetings. Premier Li stressed on many occasions that China should promote the new drivers of growth fostered by Internet Plus to create huge potential for a new industrial revolution. But now, blockchain technology has been around for a number of years and its most well-known use so far is Bitcoin, the cryptocurrency that came to prominence in 2008. The uses of blockchain are not limited to financial transactions, though, and enthusiasts are looking into other ways applications for the technology, especially for the types of transactions where there are often disputes or trust issues. It’s time to put forward a new concept, namely Blockchain Plus. Blockchain technology is a powerful change agent for broker-based industries. We only need to look at the fervor in which the Financial Services sector is being disrupted by Fintech start-ups applying blockchain to b…

How Blockchain Will Fight False Information in Applicants’ CVs

There is much false information in the applicants’ CVs now. Fake Academic Record Former Harvard University student Adam Wheeler fabricated Scholastic Aptitude Test (SAT) scores, letters of recommendations, and transcripts to gain admission and received $40,000 in grants. Wheeler’s true academic credentials were revealed when he attempted to apply for the Rhodes and Fulbright scholarships in his senior year. And former University of Notre Dame head coach lied about receiving a master’s degree and being a football legend in college when he never even played a game. Fake Working Experience Celebrity chef Robert Irvine lied about designing Price Charles and Princess Diana’s wedding cake. It was reported by the website of CPC Central Disciplinary Committee and Ministry of Supervision that the governors in Hainan Province forged their CVs, including their academic qualifications, work experience and even their ages, to be employed in the government departments. Since the government, which ha…

What is Curriculum Vitae Chain and CVH?

As the first blockchain application in recruiting sector in Asia, Curriculum Vitae Chain will solve the problems that has plagued recruitment industry for years and finally upset it.
A Brief Introduction of Curriculum Vitae Chain The team of Curriculum Vitae Chain believes that finding a dream role at a dream employer should be quick and easy. Equally, and finding top talent should be simple and inexpensive. However, it is challenging, time-consuming, and costly finding that dream role now. But if having the assertions on a CV verified by educators, accreditors, and employers, it will increase employability and make an enormous difference to the recruitment process. With this dream, the team of Curriculum Vitae Chain developed this system that allows everyone who uses it to maximize their potential. Put simply, Curriculum Vitae Chain is a blockchain-based verification, career management, and recruitment platform. How Does Curriculum Vitae Chain Work? When the applicants finish the biome…

E-Recruiting Gets Its Big Boost as Curriculum Vitae Chain Occurs

Online recruitment uses the power of the internet to match people to jobs. Fundamentally, it is about advertising vacancies on either job sites or corporate websites. At this very basic level it is particularly effective at getting a high level of response. While it may generate hundreds more applications than traditional print advertising, simply attracting more candidates is only part of the job. The current view is that truly effective online recruitment could be as low as 10% of the top blue-chip corporate companies. The real strength and power of online recruitment, when done properly, lie in harnessing internet technology to not just attract candidates but to deal with them too. In this sense it is also about streamlining the recruitment process -so busy HR departments can give a better recruitment service to their colleagues in finance, marketing, sales and manufacturing. Plus, it frees up more of their time for more value-added tasks. However, because anybody in the world wit…

Are You Ready for the Revolution in Recruiting Sector?

A decade later in 2008, the global financial industry crashed. Perhaps propitiously, the pseudonymous Satoshi Nakamoto–who may or may not be an Australian entrepreneur named Craig Wright–outlined a new protocol for a peer-to-peer electronic cash system using a cryptocurrency, or digital currency, called Bitcoin. Cryptocurrencies are different from traditional fiat currencies because they are not created or controlled by countries. This protocol established a set of rules — in the form of distributed computations — that ensured the integrity of the data exchanged among these billions of devices without going through a trusted third party. This seemingly subtle act set off a spark that has excited, terrified, or otherwise captured the imagination of the computing world and has spread like wildfire everywhere. And this is what we call blockchain today. Blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts — anything that…