HR specialist company Scout has introduced ScoutChain, a blockchain-based recruitment platform that helps job seekers swiftly find job position while having complete control of their resumes via blockchain technology, PR Newswire reported September 20.
Waiting For A Job Can Be Stressful
Young Chul Moon, Scout’s CEO, explained that ScoutChain is the fruit of his search for the most rational and efficient recruitment process for the 20 years he’s worked in HR. This new platform harnesses the power of blockchain technology to forge a new recruitment paradigm for its decentralized system. Simply put, it cancels out intermediaries such as job-portal sites and search firms that control the flow of information (resumes and job postings) online.
CEO Moon stated in the release:
“Even though the recruitment industry has improved throughout the years, along with the development of the internet, there is still an issue with low data credibility as too much data is being passed through various intermediaries. Our goal is to provide help for jobseekers by providing a solution to overcome the difficulties related to finding a job in the current market by utilizing blockchain technology.”
In today’s centralized recruitment industry, these third-parties usually take the profits from this data stream for acting as brokers in the hiring process, the company notes. By eliminating the “middlemen,” a decentralized platform service then enables jobseekers and hiring companies to exchange data directly. ScoutChain frees users to be active in their jobseeking activities with no constraints, only full transparency. Scout claims it does this while providing a secure environment based on a tokenized economy that activates the platform and aids user to find their dream jobs.
Getting Hired Is Hard To Do If…
If an applicant is reluctant to share personal information within the current environment, chances are he or she will have difficulty in getting hired. It is because it hinders their information being matched up with other suitable job openings and recruiters can only judge their candidates based on available information. All these, Scout pointed out, can create missed opportunities or cause slower recruitment processes.
To address these issues, ScoutChain is designed to let users have their uploaded personal information data certified in one single step. Its blockchain-powered system reportedly can simplify the certification process by requesting certification from all appropriate institutions and companies minus the need to submit or re-apply for certifications every time a job application is made.
The Seoul-based company added that not only can applicants get a fair reward for providing their resume data but they can also decide whether or not to release their data to the public. Therefore, it empowers the users to reclaim their “data authority,” as well as personally manage and share their data.
The upsurge in the demand for blockchain jobs has increased to a bizarre 6,000% increase in the first months of 2018. This means that blockchain giants are on a quest to hire more fresh talents.
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