Recruiting Sector Is Seeing the Biggest Impact from Curriculum Vitae Chain

[Tom&Jerry]

The recruitment sector will see the most significant change from the adoption of blockchain technology, according to Peter Lee, former marketing specialist of APAC in 918JobBank and adviser of Curriculum Vitae Chain.
While best known as the distributed ledger for bitcoin transactions, blockchain has already been used in many other applications such as digital banking, trade finance, cross-border payments, health care and food security to enhance transparency and efficiency, and cut costs.
However, Peter Lee predicts the technology will drastically change the business model of the recruitment industry.
“Recruitment is going to see the most impact from blockchain,” said Heinrich Sebastian, Former CareerBuilder Digital Marketing recruitment specialist.
Over 30 days of the hiring process is spent verifying candidates, their experience, educations and skills, and a lot of money is spent prior to hiring in lost productivity or direct expenses. Curriculum Vitae Chain would like to help organizations significantly diminish the costs and efforts associated with the process. With blockchain and big data, recruiters can speed up the recruitment process and save potential their valuable time and money by verifying the achievements, the qualifications, the experience and the aspirations that the candidates provide and what’s more, a verified CV, constructed using cutting-edge technology, will enhance an individual’s profile providing them with a great first impression with prospective employers. Put simply, the verified CV increases candidate employability while separating individuals from the competition who are using older, more time-consuming traditional CVs.
Blockchain technology is a powerful change agent for broker-based industries. The recruitment sector after all is a broker industry. And now, with blockchain application in recruitment sector, it is seeing the biggest impact from Blockchain Technology.