Are you working as a human resource representative for a big company? Have you had to go through multiple files and make a lot of calls and emails to check the Background Verification of prospectus employees for the company? Well, the process of background verification is quite hectic and takes up a lot of time.
As a recruiter, you have to go through multiple files and cross-check with the past recruiters of a person and with the universities and institutions where he or she had an education from. But what if someone said you would not have to cross-check with anyone and just check the details of a prospect on a network? That is now a possibility with Blockchain technology coming into effect.
Blockchain technology is one of the most secure and reliable ways to store information and share it with the participants. Many experts believe that the Blockchain network can be used to keep a log of all the employment and educational history of people. It can either be a singular Blockchain network or multiple interoperable networks for companies.
Let us dive into this topic as Blockchain is a comparatively new technology for the world. People are still associating Blockchain with just cryptocurrency and investing in tokens. But Blockchain is the basis of all such decentralized methods of investments and exchange. This distributed ledger technology provides an efficient way of sharing and storing information without worrying about getting hacked or loss of data. So, if you wish to gather more knowledge about Blockchain technology and learn Blockchain development, then this is the right place, to begin with.
What is Blockchain Technology?
Blockchain technology, in simpler and fairer terms, is a method of sharing and storing information where nobody has access to alter the data added to the network. According to the experts, Blockchain technology stands for a distributed ledger between the participants, where the participants can add transactional information or any other kind of data that cannot be changed later on.
It is a business network that can be used to track assets and transactions based on the information being added to the network. The transactional information is added to the blocks which store a particular amount of data and have specific tags and information related to transactions given for reference. Since these blocks are added one after another, the name Blockchain comes from it.
People who wish to learn more about Blockchain technology can delve deeper into it with the help of a degree in Blockchain. A Blockchain degree like the one offered by Blockchain Council can help people start from the very basics of distributed ledger and go all the way to decentralization. The basics of Blockchain technology will also help you understand how it is being used for background verification as well. Let us now head over to that topic as well and get to the core of it.
Background Verification With Blockchain Technology
You can look at Blockchain technology as a digital record book. It has information related to various transactions and the change of information that has occurred with time. Moreover, all of this information is accessible to every participant of the network but they cannot alter the information that has already been added to the network.
Now, when it comes to performing background verification, Blockchain technology can help in a lot of ways. People who have a Blockchain degree would understand how to create an interoperable Blockchain network for the human resource teams of various companies. They can have a ledger where they store the information of all their current and ex-employees as well. The side chains concept can be used for active employees and ex-employees aside.
With the help of this system, companies can store information about their employees into discrete blocks and give relevant information like the experience in the company and references of employees to other companies as well. So, the personal information related to candidates would be secured by private blocks and only the experience and credibility would be shared on the Blockchain.
So, this way, for people who have an understanding of Blockchain technology and probably have a degree in Blockchain, it becomes much easier to perform background verification. All that an HR person has to do is to input the information of a candidate on the Blockchain and cross-check it.
How to Become Proficient in Blockchain Technology ?
To have a proper Blockchain-based background verification system, you will require people to know about Blockchain development as well. Developers need to create a system for the HRs and the companies where they can store the information of their employees and only share the relevant information with other companies. Moreover, the employees also need to have a share of security where their data from the previous company regarding their personal information would be erased as they move to the next company.
All of this sorting and making the perfect Blockchain network can only be done if people have a Blockchain degree and they learn Blockchain development. Subject matter experts have said that Blockchain is the evolution of technology for the better. So, if you wish to create a career in this field, it is best to have a Blockchain degree and start making Blockchain for various purposes. Moreover, the HRs and other company executives also need to be thorough with the system and understand how it works.
Conclusion
Now that we have talked about how the current background verification model is lousy and takes up a lot of time, it is important to understand how Blockchain technology is helpful. We hope that this article helped provide information about Blockchain being an alternative to the current verification system. Companies can rely on Blockchain technology as it is one of the safest and easiest ways of exchanging and storing information.
Moreover, if you have a degree in Blockchain, you can also learn Blockchain development and get a career in this field. Companies are expecting people who have good command over Blockchain so it’s best that you take up a Blockchain development course as well. Blockchain Council’s course on Blockchain development can help you gain a great insight into the topic. Rest, the podium is set for you to take and make your career in Blockchain.
