Blockchain technology can be applied to human resources management, according to Hasten Group CEO

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La tecnología blockchain puede aplicarse a gestión de recursos humanos, según el CEO de Hasten Group
According to the CEO of Hasten Group, Fausto Bastardés, blockchain technology is beginning to be especially important in areas such as human resources. This was indicated in an article published on the website of the Observatory of Human Resources, on October 23.

"Blockchain can be applied and integrated into the technologies in processes for the management of people so that they are more secure, transparent and efficient", he said.

"Regarding Human Resources, those responsible think that this type of technology generates trust among our candidates and employees in the management of data that is done in the business ecosystem. It is possible to apply it in the recruitment of candidates (focused on certification of their identity, as well as the validation of their credentials, as well as the development of smart contracts to expedite bureaucracy and ensure compliance), in the employee's history, in security, in the remuneration of workers through currencies virtual as bitcoin or training and education", he said.

For Bastardés, blockchain technology will revolutionize the future, completely transform the world economy, the way in which all business relationship models with different stakeholders will operate.

The CEO of Hasten Group said that this technology has advantages over manipulations and fraud because the data of the registered transactions cannot be deleted and are impossible to falsify when using cryptographic keys.

"The basic pillars of blockchain technology that we point out from Hasten Group are three: cryptography, blockchain or blockchain and consensus, all three need to be combined and integrated to guarantee the seal of quality and certify said technology", he said.

Blockchain Potential

Cointelegraph in Spanish reported on March 18 that the Digital Talent agency had pointed out the potential in the selection of human resources.

"Blockchain technology is transforming the digital world and modifying the vision of it. One of the sectors that is revolutionizing is that of HR, specifically, the field of selection. Digital Talent Agency has analyzed what are the keys of using this technology when it comes to finding talent for a company", they explained.

From Digital Talent Agency, they stressed: "Blockchain technology is transforming the digital world and modifying the way we understand it. Cryptocurrency is only one of the tools that created this phenomenon, but we can use Blockchain to select talent. This transfer application of data through block chains allows automating processes and improving their accuracy. In this sense, the recruitment of personnel has never had such an advanced tool".

"One of the keys to understanding Blockchain technology to select talent is its security. It allows executing information exchanges and digital operations in general reliably and without intermediaries. Blockchain is used to send and receive cryptocurrency precisely for the security it provides. , it is possible to apply it to other sectors such as HR to take advantage of its capabilities", they added.

Thus, according to this firm, the use of Blockchain to select talent will be based on six fundamental principles:

Verification: Blockchain technology allows verifying all the data related to the candidate. From his own identity to his academic qualifications, through his work credentials and his experience throughout the selection processes.

Reference: The reference processes will be simplified. The Blockchain application to select talent will allow the candidate to upload their certificates to verify them only once.

Identification of potential candidates: The most suitable candidates in each process can be identified. The specific profiles of each person and their experience to fit job offers with professionals will be taken into account.

Smart labor contracts: Blockchain can be applied to labor contracts to generate the so-called Smart Contracts. These types of automated contracts do not require a human hand to verify the data. The algorithms are based on the information of the candidate and its results or actions to decide whether to reward him or not, for example. The specialists in the legal field would be responsible for preparing these types of contracts and applying this technology.

Follow-up of the professional: Throughout his career in the company, the professional acquires new knowledge and develops new tasks. Therefore, it is necessary to take into account not only the previous information of the person but everything that has been learned in each job. Traditionally, the Human Resources department was awarded this task, but thanks to Blockchain it is possible to simplify this documentation process.

Payroll payment: In the future it will be possible to delegate to Blockchain all aspects related to payments to workers.

SOURCE: Cointelegraph