E-recruitment Industry Sees Blockchain as Key to Growth

[Tom&Jerry]

Blockchain technology paved the way for growth of cryptocurrency, providing a transparent record of millions of transactions around the globe.
But could it also solve challenges that traditional e-recruitment is facing? And also give traditional recruitment industry the ability to help the candidates to find a dream role with a dream employer fast and easily while help the employers to find top talent quickly and inexpensively, leading to better match of candidates and recruiters?
That’s the belief in recruitment sector, as well as the opinion of researchers at Curriculum Vitae Chain, the first blockchain application in recruiting sector in Asia.
What Is Blockchain?
A blockchain essentially is a distributed ledger that is updated in real time. The technology can collect and record millions of transactions. The ledger is secure, decentralized and public, with each transaction listed in chronological order. Once entered a transaction cannot be changed.
Most associate blockchain with the cryptocurrency Bitcoin. The technology offers a way for people in a market to keep track of transactions without centralized recordkeeping. The technology has potential in many different areas outside of cryptocurrency, however. Traditional e-recruitment is beginning to seize on blockchain for potential uses within the online recruitment industry.
Curriculum Vitae Chain Advocates Blockchain in China
The idea of using blockchain in the recruiting sector took off in the middle of 2017, when Curriculum Vitae Chain announced that its first blockchain-based CV generator was available. In Curriculum Vitae Chain’s cases, once the applicants finish the biometric identification in Curriculum Vitae Chain, they can submit their basic profile data to generate their personal CVs, according to their choices in tens of kinds of templates and then the system will verify the details that the applicants provide, namely their chosen educational institutions and ex-employers, in order to infiltrate the false information that can lead to extra work for the recruiters. After that it will automatically match those verified CV details to job requirements once the applicant’s CV catch a recruiter’s interest, the recruiter has to ask the applicant’s permission before the recruiter pays the applicant CVH, the token in Curriculum Vitae Chain that is based on ERC20, to read his or her CVs. Of course, the applicants can check the recruiter’s information that has also been verified by the system before they make the decision whether give the permission to the recruiter or not.
The Trend of the Application in Recruiting Sector is Unstoppable
Bo Sun, technical adviser of Curriculum Vitae Chain, in a news release, said the trend of the application of blockchain in recruiting sector is unstoppable. This means with the application in recruiting sector, blockchain technology will upset the traditional one because blockchain technology has solved the problems that have plagued the traditional e-recruitment ever since it was born. The recruiters will no longer take extra work to verify every detail that the candidates provide and avoid unwanted applications and therefore free up more of their time for more value-added tasks when getting a high level of response from all over the world.
Original Article: https://medium.com/@YililaiT/e-recruitm ... eabc5167f7