What Blockchains Can Do for Recruiting

Blockchain is a young technology, first conceptualised in 2008, and still mainly used to support cryptocurrencies like Bitcoin and Ethereum. It has dubious antecedents; some of the motivation to create it was to make it difficult for law enforcement agencies to identify suspicious users and obtain transaction records. It’s estimated that half of Bitcoin transactions (about $72 billion) are associated with illegal activity. But the technology is making its way out of the darkness and finding its way into mainstream financial services and supply-chain management. Recruiting is a highly transaction-based activity that includes elements of both, so blockchains will certainly impact recruiting as well. Some of the ways in which this could occur include: