It is a fact that employees lie on their resume to get hired for their favorite positions. And in a few cases, HR professionals hire a wrong candidate. It unfortunately leads to security, performance, and compliance issues.
Both businesses and customers are now more aware towards data security and issues of compliance. As a result, now more than ever, businesses need to have an adequately qualified and reliable pool of employees. How do they hire the right candidate? Yeah right, by doing background checks of candidates. Yes, organizations do deploy traditional employee background check practices to validate required credentials including educational certificates, residence location, work experience, and criminal record among others.
But, is the process fool-proof? The answer is not positive, always! Normal verification method has its own flaws and is full of human errors. In a traditional verification process, the candidate can hide the false information easily. Hiring the right candidate has become increasingly difficult because just in the USA, over 60 percent of employees lie on their CV to get a job. Why is the number so huge? It is because over 48 percent HR managers are unable to validate employee information due to inadequate resources.
Blockchain Ensured Certificate
When you store normal certificates in a public Blockchain solution; it is known as a Blockchain ensured certificate. Once the professional or educational certificate is uploaded in the blockchain system, an OTP is sent to ensure the authenticity of the owner. After all the checks are done, the blockchain ensured certificate is transferred automatically to the public blockchain. And once it enters the Blockchain framework, it stays available online 24/7 and tamper proof.
The certificate is accessible at any point in time. You just need to request the Blockchain entry. After the request is initiated, a digital copy of the certificate is emailed to the user along with all the credentials and transaction details. Quite simple!
Why is the Public Blockchain used?
Public Blockchain gives users total control over the transaction history of blockchain documents. Meaning, you can leverage its decentralized data architecture to exchange the data directly. It prevents the dissemination of the wrong information as everything is signed up using a cryptographic framework. Also, data theft becomes impossible in a centralized framework.
Let us find out more pros of using a public blockchain.
- Achieve absolute authenticity through a tamper-proof system
- Transfer/ send certificates digitally to anyone
- Access certificates from anywhere, round the clock
- More transparent and fair verification process
Anyone can use Blockchain-Enabled Verification Process
- Job seekers and freelance professional can leverage it showcase the proof of their work, experience, and qualification
- Schools and colleges can use it to manage and issue secure certificates
- Businesses can verify credentials in just a few hours from native sources
- Prevents bias against candidates
What is in Store for Candidates?
Candidates can use pre-verified documents through the Blockchain solution to apply for a job. A Blockchain-verified resume also looks unique and more credible in a pile of several job applications. Hence, it can surely increase the chances of getting a job. Hiring managers are also able to easily select the right job applications.
It also helps in improving the hiring process transparency and encourages fair play between different stakeholders.
Contactless Verification Amid COVID-19 Pandemic
COVID-19 has upturned traditional business processes. Blockchain technology can help organizations make background verification processes safer for humans. Blockchain-enabled background verifications also make businesses capable of hiring and verifying employees remotely without any hassle. All you have to do is login in a public Blockchain solution and verify the data.
What is the Future of Blockchain-Ensured Certification?
With work from home becoming the norm. Gig economy is poised to grow exponentially in the future. Employees will handle multiple jobs and offer diverse experiences across the spectrum. This means, validating all the information physically will become a big headache for businesses. A Blockchain-enabled verification process is the only situation in such a scenario to conduct fool-proof background verification reliably.
Increasing number of businesses will use Blockchain technology for employee background checks for its efficiency and reliability. Businesses can also hire candidates at a global level from diverse cultures to drive the business growth. Businesses will enjoy the efficiency, reliability, and affordability of Blockchain-enabled employee background verification.