The main issues in document data verification for banks, businesses and other companies are storage, retrieval and access to important data. Blockchain technology can solve these problems with storing and accessing data. Blockchain technology offers a shared platform from where to store, retrieve and access document data. The concept and nature of this technology are in the distributed, open, shared ledgers, confirmable by all. For example, employers can easily do educational certificate verification to hire the right candidates.
Conventionally, human resources reach out to the connections provided or previous employers of the applicants to validate their resumes, or they mostly hire a third-party agency specializing in verification to do the task for them. Unfortunately, one demands too much manual work and time, so many HR managers skip this step.
The candidate’s journey ends once the offer letter gets rolled out; after that, it’s just a matter of considering the offers and selecting the right one. But the journey of the recruiter is nowhere close to the end. They must start by confirming the candidate’s documents and details, reaching out to past bosses, and simply re-evaluating their decision. But what if the details that the candidate has provided you need to match up? Even worse, what if the documents they gave you are forged, and you get to know the reality after recruiting them? Isn’t it too scary?
If the documents had been on the blockchain network, it would have been easier for the recruiters to quickly access the candidate’s confidential documents and data. However, if you use blockchain in recruitment, recruiters would conveniently and confidently find any lies. The recruiters can handle blockchain technology so that no applicant can edit information about themselves, making it a tamperproof channel for confirming information.
Pre-verification for Your Ease
How do you usually do a background check of your finalized candidates? You either share the resumes with a company specializing in background checks or choose the phone and cross-check with the references provided yourself. But how can you be confident if the candidates’ contacts are genuine or not? You will also authenticate their authenticity, even if it is just finding their profiles on LinkedIn.
No matter how much effort you put into overall background verification, it will feel like you need to do more to have one hundred per cent surety that all the information is accurate. But once the previous employers authenticate and add the candidates’ data, you can relax, right? Blockchain technology will give you that confidence, as each employer will also be doing the screening.
The point is simple, no matter whether an organization, a bank, a business or any other institution, using blockchain for data certification is the best thing one can do. With the certificates validation qr code, one can easily make data secure, tamperproof, efficient, shareable and most importantly, verifiable. Nobody can tamper with the data, and there remains authenticity.
The Bottom Line
Blockchain technology empowers employers with the transparency and visibility required to make a validated decision in hiring. The technology also transfers the credentials from the provider to the owner. Employers no longer need to wait for official transcripts, failing the need for third-party confirmation and adding much-needed efficiency to a burdensome procedure. You can learn about blockchain solutions for data certification with ProofEasy and stay confident about the data you come across.