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Blockchain will change the personal market

Technology can solve several problems of the personal market.

29.Jan.18 3:17 AM
By Jeff Bannister


Blockchain will change the personal market

The potential of blocking technology is difficult to overestimate. Many electronic services have already implemented it in the sphere of goods and services, and experts predict that eventually, the whole Internet will go to the blockbuster. Only in Japan this year the distribution register is going to be implemented in 260,000 stores. Blockchain helps to track supply chains and personal data. One of the areas that a blockage can change once and for all is the personnel market and recruitment. 

Blockchain is capable of solving at once some problems existing in the personal market. The main problem is the lack of confidence in candidates for vacancies, especially this trend is typical for the Russian market. To confirm professionalism, personnel officers need recommendations from past managers. Since the suggestions in the Western countries are standard practice, many managers regard this situation as an empty formality. 

In Russia, the situation is exacerbated by the fact that applicants do not have the necessary work experience, and sometimes fake data is used when asked to help with the recommendations of their friends. To verify the data, the recruiting manager to call the company and make sure of their authenticity. It takes a lot of time. The distributive registry solves this problem. According to experts, the distribution register can help with the interview in several stages. 

Another problem is discrimination by age and nationality. In Western practice, blind questionnaires and checklists are used for this purpose. With the help of these techniques, specialists level out subjective factors and struggle against discrimination, which represents another problem in the personnel market. With this issue, too, cope with blockchain, as the system helps sort the data by professional qualities, without taking into account individual characteristics. 

In Russia, labor books are used to confirm past work experience. However, paper carriers are gradually becoming obsolete, and many employers prefer not to formalize their employees, or to limit themselves to minimum wages and experience to save on taxation. State Duma deputies suggest the introduction of electronic labor books, which will operate on the same principle as paper ones. That is, they will act until the end of the length of service. The similar project will be considered in February 2018. According to the All-Russia Public Opinion Research Center, 53% of the study participant submitted the translation of labor books to electronic books. 

And, finally, the problem of building resumes and portfolio. Blockchain will allow job applicants to confirm their reputation and keep the data. Also, the block will provide transparency and reliability when storing data.

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