For recruiters, the use of blockchain not only mitigates the risk of CV fraud, but it can also save considerable time when verifying candidate credentials such as work experience, job certifications skills or university degrees.
“It enables recruiters to make hiring decisions faster by being able to view all of a candidate’s verified credentials in one place,” said Andrew Cunsolo, senior director of product management for Jobvite. “It doesn’t eliminate the need for any background screening, but it does eliminate a lot of the time recruiters spend manually verifying candidate information.”
As nontraditional micro credentials for skill acquisition – badges, for example – have gained popularity with recruiters, blockchain also offers job applicants a way to store multiple credentials from securely in a digital ledger, or “wallet”. This gives applicants more control over their data and potential employers who can view their credentials, providing better data privacy.