Whenever a disruption or a breakthrough technology is on its way, a lot of waves are created of the sort from a whirlpool. Usually, the entrepreneurs are the ones who bring about these changes and not the market leaders. It’s not surprising a fact though going by the business environment they already have set up for themselves. The emergent technologies threaten to destroy all that is there forming the underpinnings of the industry fundamentals.
The sustainability of adaptability and flexibility to modern dimensions require one to take away all resources and advantages towards pursuing newer avenues thereby often threatening the competitive edge they have over the market. Whether you accept it or not- blockchain technologies have arrived and they have arrived like never before. This has led to a massive demand in the number of professionals with blockchain certifications.
There are a lot of parameters on which corporate world can be transitioned through blockchain technologies:
Payroll: Start hiring for human resources managers with blockchain certifications as soon many organizations will start offering salaries in cryptocurrencies. The payment of salary domestically as we know today is tangled in the hassles of third parties and intermediary bank processes, often delaying the process. If the payment is to be done overseas, businesses often become expensive. Add to that aspects of economic volatility and exchange rate changes. Blockchain can be leveraged for international blockchain payroll with bitwages which will be eventually connected to cloud technology and mobile. Facilitation of cross-border payments becomes simple with bitwage handling conversion of bitcoin to local currencies.
Certification: Verification of credentials and the process of capability-validation is something that consumes most of the employer’s energies. And why not? Career Builder survey claims 58% employers have come across one or another lie on the employees’ curriculum vitae. Resume accuracy is a common issue with a majority of organizations around the world. With blockchain, this issue looks resolved with a foolproof solution of credentialing. It would be interesting to see how the education industry sustains itself in the disruption caused by online certifications and those offered by a powerhouse like the blockchain. It goes without mentioning that to validate certifications and to leverage them you require in-house candidates adept at handling blockchain certifications.
Process management: Whenever a talent acquisition process takes place, there are a lot of processes that have to be completed before on boarding. Automation and an arsenal of tools, platforms, and software have already eased out the process management to a great extent. But blockchain and distributed technologies are set to transform this landscape of business organizations as well. Smart contracts can make their way into the corporate world and human resources management. It will take under its fold the contracting capabilities like rewards, compensation, compliance, benefits, and policies. It makes the availability of virtual marketplace a real consideration and freelancing rising up a few notches more.
Till the time blockchain knocks at your door, keep in touch with it to not get lost on what it’s up to.