Version 1
: Received: 1 May 2021 / Approved: 5 May 2021 / Online: 5 May 2021 (11:33:40 CEST)
How to cite:
Michailidis, M. P. Blockchain Technology: The Emerging Human Resources Challenge. Preprints2021, 2021050035. https://doi.org/10.20944/preprints202105.0035.v1
Michailidis, M. P. Blockchain Technology: The Emerging Human Resources Challenge. Preprints 2021, 2021050035. https://doi.org/10.20944/preprints202105.0035.v1
Michailidis, M. P. Blockchain Technology: The Emerging Human Resources Challenge. Preprints2021, 2021050035. https://doi.org/10.20944/preprints202105.0035.v1
APA Style
Michailidis, M. P. (2021). Blockchain Technology: The Emerging Human Resources Challenge. Preprints. https://doi.org/10.20944/preprints202105.0035.v1
Chicago/Turabian Style
Michailidis, M. P. 2021 "Blockchain Technology: The Emerging Human Resources Challenge" Preprints. https://doi.org/10.20944/preprints202105.0035.v1
Abstract
The impact that new technologies have on all aspects of our lives, work, and businesses is significant and growing over time. Blockchain and artificial intelligence, among other innovative technologies, are having a profound effect on practically all business functions, including most human resources (HR) tasks. The HR sector is currently facing a variety of challenges as HR departments invest many hours in vetting candidates' applications and authenticating records to decrease the chances of imperfect recruiting. Nowadays, more technologically based processes are utilised for talent search, selection and management, as well as for accumulating, retaining, and integrating new talents into a company. These HR practices are far more effective compared to traditional methods but can also be more expensive if the transactional costs are considered. This paper consists of two parts. Following an introduction, the first part discusses the trust and confidentiality that can be attained, while the second part examines security, fraud prevention and the productivity gained from using blockchain technology in HR activities. Finally, there is a concluding section, discussing the implications of blockchain technology for firms who choose to employ it.
Keywords
Blockchain Technology; Blockchain Trust; Security; Fraud; Human Resource (Hr) Management
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
