With over 30% of CVs potentially containing fraudulent information, any way for HR departments to be able to check a candidate’s qualification has to be welcome.
The cost to get copies of your old “O-level”, “A-Level”, or University degree certificate can be as much as £40 per qualification. The hassle factor dealing with and time it takes can be considerable for many existing analogue data bases. However, if the qualifications are held digitally, tamper-proof and securely on a Blockchain, employees and employers alike can efficiently have access to copies of the qualification documentation.
Blockchains can help
A research group in the University of Basel, in Switzerland, called Center for Innovative Finance, has been working on a project to put academic qualifications onto a Blockchain. Interestingly, it took less than two weeks to complete this initiative, demonstrating that using Blockchain technology can be implemented quickly.
Away from academia, the commercial world is also exploring the use of Blockchain-powered solutions to store qualifications with the Institute of Chartered Accountants of Scotland doing a trial with PWC staff.
Governments are also using Blockchain technology to store educational qualifications. The Singapore government has developed “OpenCerts”, where it is possible to check qualifications from a variety of different academic institutions online, and so help potential employers identify fraudulent CVs.
Jonny Fry writes regularly for Irish Tech News, see more articles by him here.
CEO @Teamblockchain @Integratis #ICO#Cryptoassets #Tokens #Blockchain#Asset-mngt #Professional speaker, Co founder #BBFTA Non Exc Chairman #Gemini Investment
Stock Exchanges now using Blockchain. https://t.co/nDs9Sehys8 via @LinkedIn
— Jonny Fry (@jonnyfry175) May 6, 2019
Crypto currencies and Digital assets, how they are changing our lives.
https://t.co/pQikGkSgHr World Economic Forum claim 10% of world GDP will be on #Blockchain by 2025 #teamblockchain @seandotau @WarrenWhitlock @ZeeshanMallick @sallyeaves
— Jonny Fry (@jonnyfry175) October 28, 2018
For more information email: [email protected] see more by Jonny here
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