Deutsche Bank: Blockchain Opportunities Are 'Huge'

[Tom&Jerry]

Blockchain technology could represent a major shift in how companies conduct their business, according to Deutsche Bank’s chief investment officer.
In a slide presentation this month, Christian Nolting, also the bank’s global head of wealth, and Marcus Muller, global head of the CIO office, explained how digital currencies and blockchains work and predicted where they would go in the future.
According to the presentation, the “opportunities associated with blockchain technologies are huge,” and could be fully put into practice within the next few years.
The bankers predicted that roughly 10% of the global gross domestic product (GDP) would be tracked or otherwise "regulated" by a blockchain by 2027.
The presentation said: “We expect that the blockchain will change the business model of companies in a sustained way. The blockchain technology enables a faster and cheaper exchange of assets and financial products between individuals without an intermediary, which reduces the asymmetry of information between the individuals.”
Curriculum Vitae Chain, a life-changing initiative of Blockchain Plus, is using this opportunity to solve the problems that have plagued both the e-recruitment and traditional recruitment by verifying the achievements, qualifications, experience and aspirations that the candidates provide, the recruiters don’t have to take extra time that they may not really have to wade through each application. To avoid unwanted applications, the recruiters will need to be careful as to how they word their job posting and be as specific as possible about the job duties and the qualifications they’re seeking therefore it frees up more of their time for more value-added tasks. And for the applicants, using verified CV increases their employability while separating individuals from the competition who are using older, more time-consuming traditional CVs.
When the applicants submit their basic profile data, Curriculum Vitae Chain 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 the system will automatically match those verified CV details to job requirements once their CV catch a recruiter’s interest, the recruiter has to ask their permission before the they pay CVH, the token of Curriculum Vitae Chain that is based on ERC20, to read the applicant’s CV. Of course, the applicants can check the recruiter’s information that has also been verified by the system before the applicants make the decision whether give the permission to the recruiters to view their information in their CVs.
Blockchain opportunity is huge but the key is how to take advantage of it to solve the problems in traditional industries.