Cyber-security and privacy are some of the most talked about topics in the space of recruiting technology when it comes to using 3rd party vendor solutions. HR-tech solution providers are constantly being tested and questioned about the level of security and candidate privacy – and so they should be!
The latest hot topic in HR-tech is surrounding a candidate's verified information when it comes to background checks, credentialing and the truth of a person's resume. Of course, looking at a resume and verifying a person's credentials is not something new in hiring, but how can it be done faster, more securely, and in a verified way that will at the same time maintain a person’s privacy? This is where blockchain comes in.
How Blockchain Works For Verifying Credentials
In 2020, some talent technology companies began to explore the blockchain for credentialing where candidate's owns their own data. Candidates can leverage their very own pre-verified work passport to make it easier and faster for employers to verify and hire them. Essentially, think of it like NEXUS and TSA-pre-check at customs where a candidate can get to the front of the line with any institution, company, and organization that needs verified information pertaining to their background and resume. Picture it like "Resume 3.0", but not self-proclaimed like a person's LinkedIn profile or resume.
These types of platforms were developed on blockchain technology (i.e., in layman's terms, this is a secure immutable ledger) that is decentralized where the candidate owns their own data and decides who and when they would like to release this information to employers. Ultimately, the candidate controls their own personal information (which is the way it is supposed to be). This is a game-changer from the traditional methods of background checks and verifying credentials for a job. What this new technology does is gives candidates the power to carry their personal information with them anywhere, and you as the candidate has the power to release it to whom you want and when you want. Furthermore, it verifies the truth to which you can't tamper with and nor can anyone else.
The Power Of Truth
I think these types of platforms have the potential to be a win for candidates to own their own personal information that employers collect. For employers the platforms verify the truth in the hiring process with eliminating self proclaimed resumes and adding more science to improving company performance and retention. These platforms improve the hiring experience for everyone and shortens up the hiring process.
Lookout 'resume' because here the blockchain to lead the pack with verified candidate details. Everyone is always seeking a better way to verify candidate information when it comes to hiring, and blockchain platforms will unleash the power of truth.
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