Can blockchain be used to secure employee records & information?

Blockchain technology is a way of handling data and digital information that’s decentralized and highly secure. Its proponents tout that it’s impossible to commit fraud via blockchain. (Unless someone programs in a back door – right?)

Aside from the more well-known cryptocurrency use case, blockchain technology has wide implications. It could have a huge impact on the HR world in the future.

HR organizations are under tremendous pressure to keep employee and candidate information secure. A data leak could have far-reaching and extremely expensive implications.

As recently as Feb 21st of this year, Call of Duty makers Activision suffered a data breach, with sensitive employee data and content schedules exfiltrated from the company’s computer systems. Although the breach occurred in early December 2022, the company has only recently (Feb) revealed this to the public.

With blockchain technology, companies could more tightly secure the personal data of their people as they go through a hiring process, get onboarded, and experience their careers at a company.

As Breezy reports, blockchain also has enormous potential for enabling smart contracts, which are created automatically when certain transactions happen — a potential that could save HR folks a lot of time.

As a recruiter for 25+ years, I look forward to seeing what this technology does to bring data security in the HR world further along and make it easier for us humans to work efficiently and securely.

#blockchain #technology #hrtechnology