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Blockchain technology is rapidly spreading to every corner available on the market, bringing many owners and managers of companies to meet it for the first time recently. While many have heard of the exciting cryptocurrencies that are attracting media attention, such as Bitcoin, few have heard of the blockchain technology that is fueling those cryptocurrencies and other dizzying digital trends forward. It's a shame, because blockchain has enormous potential to reshape the way contemporary companies work, starting to bring personal innovation to the market.
Here's how Blockchain will change the way people hire in the future.
The rise of the gig's economy
Much has been made of the so-called gig economy, which is defined by an explosion of freelance workers and short-term contracts. One of the only reasons the recent trend in the economy has taken hold are blockchain technologies that have shaken traditional recruitment methods. One of the main reasons why companies and HR departments are moving towards blockchain-based solutions is the encrypted nature of these digital records, which helps to ensure sensitive corporate data and the personal information of employees or candidates does not spread so easily .
Blockchain is already ready to seriously destroy the personnel sector, for example, because it helps companies to speed up the validation of the curriculum. Likewise, it is easier than ever for many companies to churn short-term contracts, which has allowed them to flourish thanks to the increase in freelance in the international economy. Where businesses were once relatively limited in their recruitment practices, blockchain technology and gig economy development have made it easy for human resources departments to remain flexible with short-term recruitment.
The decentralized nature of blockchain registers makes them ideal for contemporary economics because they can not be monopolized by anyone; blockchain by its very nature is democratic, which means it can be useful to anyone. Big corporations and small-town entrepreneurs are already beginning to realize that both can use blockchain applications at the same time because their costs are so affordable and their benefits so universal.
Market behemoth like IBM could already defending such blockchain-enabled innovations as intelligent contracts, but you should expect to see this kind of development everywhere before rather than later.
The future of the staff
However impressive the blockchain is, the future of the staff will not be entirely determined by this innovative technology. However, blockchain applications are bringing innovation to an industry that has been bogged down in the mud for too long and presents real opportunities for HR professionals looking for a change of pace. The blockchain ecosystem is transparent, fast and above all safe, which makes it incredibly interesting as a tool for companies that care about data privacy and IT security.
Given the digital nature of today's economy and the growing public concern for the mismanagement of consumer data, it makes perfect sense to think that blockchain will be one of the most attractive tools on the markets for businesses of all shapes and sizes to improve their image. More than simply bringing innovation to the staff, therefore, blockchain is also changing the way we maintain our activities safe and commercialize ourselves.
Blockchain will change the employer-employee relationship as we know it, ushering in a new era of transparency and security. Before it can be realized, however, it needs the help of intelligent business exponents willing to put it into practice to solve contemporary problems. While the human resources industry and staff professionals around the world struggle to stay afloat in the 21stst economy of the century, will undoubtedly turn to the blockchain to help solve many of their problems.
This post is part of our series of contributors. The opinions expressed are of the author and not necessarily shared by TNW.
