Blockchain Technology for Human Resources

Conducting background checks and verifying employment histories can be time-consuming, highly manual tasks for human resources professionals.

If employment and criminal records were stored in a blockchain ledger (and thus free from the possibility of falsification), HR professionals could streamline the vetting process and move hiring processes forward more quickly.

Chronobank is one blockchain project aimed at disrupting the HR/recruitment industry, with a specific focus on improving short-term recruitment for on-demand jobs (in cleaning, warehousing, e-commerce, and so on). The startup aims to use blockchain to make it easier for individuals to find work on the fly and be rewarded for their labor through a decentralized framework via cryptocurrency, without the involvement of traditional financial institutions.

Once a person is hired, employee engagement becomes a big part of people management — and blockchain could play a role. For example, eXo Rewards uses cryptocurrency and a blockchain wallet to gamify and incentivize employees. Colleagues can send recognition to one another in the form of tokens, which can be used in a company marketplace on different goods and services.

Read more about Chronobank here:

https://blog.chronobank.io/

https://www.cbinsights.com/company/chronobankio

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