A US based startup company named I & # 39; ve Been Vetted (IBV) is using blockchain technology to prevent crimes in the workplace.
The specific distributed accounting protocol that IBV is using comes from the Swiss startup KryptoPal, which provides blockchain solutions for businesses. IBV hopes that the use of blockchain technology in this way will help prevent negligent assumptions and reduce crimes at work that cost companies $ 50 billion a year.
Venkat Nallapati, founder and CEO of KryptoPal, said: "We are thrilled to launch this blockchain-based platform that will help build a relationship between companies and employees based on trust and transparency, and employers can be confident that they are employing the best and most reliable people for work by checking a candidate's smart contract, while employees can demonstrate their professional history of merit and compliance throughout their careers. "
This new platform, built on intelligent technology contract, can help business owners and human resources professionals reduce financial and reputational costs due to workplace crimes. The platform uses machine learning to predict and prevent these crimes.
Jo Lynn Clemens, founder and CEO of IBV, said: "It is well known that in the human resources sector, preliminary controls on employment are simply insufficient as independent tools for verification." We decided to collaborate with KryptoPal for build a platform that uses smart contract technology to allow the transfer of the employer's risk profile to the insurer and the transfer of a worker's compliance profile to the next employer Combining blockchain technology with our methods prevention and mitigation, we hope to reduce the number of harmful incidents against any consumer in any industry, "said Clemens.
IBV also continues to monitor employees after hiring, reviewing them every six months and calculating a point risk. By entering these scores on a blockchain, an immutable online record, prospective employers and insurers can access this information to assess a potential employee's risk profile.
Nallapati also stated: "Using the software developed by KryptoPal, all of the past and ongoing work history documented by IBV can now be stored and shared securely using smart contracts.These sensitive data are immutable and verifiable and can be consulted only by IBVs, candidates and recruitment activities. "
Employees who change jobs can also export compliance history to speed up the hiring process and improve their application.
delivering this information to a centralized company goes against the initial vision of blockchain technology, which was the creation of a financial system that was free of authorizations, decentralized and pseudonym. Instead, IBV is using technology to create permanent online recordings of our employment stories.
For better or for worse, the deviation from the cryptophonic origins of blockchain technology is simply noteworthy. You could say that if you have nothing to hide you have nothing to fear, however, a cryptocurrency purifier would answer that give any organization such power over professional reputation, history, and the suitability of people's occupation. opens the door to centralization problems.