Blockchains and HR : Fact or Fiction?

During a conference dedicated to innovation in HR organized by the Sopra HR Lab, Thierry Thevenet, cofounder of Talao, Luc Jarry-Lacombe, CEO of BCDiploma and Yohan Zibi, managing director of EveryCheck described how blockchains would have a profound impact on HR in the years to come.

Blockchain technology is thought to be the next great technological revolution. It first appeared in 2008 when Satoshi Nakamoto created bitcoins in response to a loss of confidence in the economic and financial system. The technology boasts three innovative ideas: peer-to-peer networks, asymmetric cryptography and proof-of-work systems called mining that set up transactions into blocks.

Blockchain is a decentralized, public database controlled by no central authority or power in which data is stored and shared transparently and securely across nodes.

Cryptography ensures protection of the data. Only those with the private cryptographic key can read the content of the transactions. Each miner acts as a server for the system and the data is shared and managed by the nodes in the system. For a block of transactions to be validated, it must be validated by all the cryptographic nodes in the network. The data contained in a blockchain is therefore transparent, secure and unalterable and controlled by no central authority.

A platform of freelancers with reliable and certified skills

Talao, a company that publishes freelance software, thinks there will be an increase in freelance or subcontracting work in companies to find the expertise they need. The company uses blockchains to set up a decentralized protocol to connect and manage freelancers and potential employers. It offers private marketplaces’ that can be used as white-label products for companies. Freelancers can thus have their professional experience certified by the companies during their job assignment and thus ensure that their CVs are fully certified. “We’ve developed a protocol that defines a set of rules used to communicate.” According to Thierry Thevenet, cofounder of Talao, “In our ecosystem, we bring together expert freelancers, as well as groups of experts, businesses, umbrella companies, certifying companies and training organizations. Blockchain technology is ideal for sharing data. Decentralized applications such as blockchains will have an immense impact on servers with centralized systems and business models used by the GAFA companies (who are dependent on data provided to them). Peer-to peer architecture ensures transparent and reliable exchanges without intermediaries and companies can get information directly from individuals and directly issue certificates.“

The freelance marketplace allows companies to create a community of certified talent with control over their professional identity. The company specializes in technology sectors and has an exceptional pool of talent skilled in AI, DevOps and robotics. The marketplace is supported by the Ethereum mainnet. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality using a network of 10,000 public nodes. Talao uses tokens as currency to connect people.

A revolution in turnkey data certification solutions

The startup BCDiploma specializes in delivering tamper-proof diplomas and certificates. The company’s CEO: “We also use smart contracts that are based on a long-term decentralized ecosystem to certify degrees, certificates and certifications obtained. Our secure certification digitization solution provides an innovative response to the need for automated, digital processes that is good for the employer brand.” The application is also available through LinkedIn and allows you to create links in the professional network to certified online degrees. The startup created an ecosystem natively interoperable with customer solutions via APIs. BCDiploma has set up a partnership with the startup EveryCheck, which provides solutions that check CVs and references. Candidates’ data is therefore checked before it is published in blockchains. Yohan Zibi, managing director at EveryCheck: “66% of employers do not check the information on CVs and 64% of CVs contain false information. The minimum cost of a bad hire is 6500 euros. We can also run a graphic check on titles and degrees and detect fake documents issued.” Information that has passed through the BCDiploma platform cannot be falsified.

Blockchains can be used for other services, such as employee e-vaults. This would provide employees with an area to manage their professional identity and guarantee information for future employers. The innovative companies handling such technology will bring added value to their employer brand. Blockchain technology can be used to manage data for individuals, but can also be deployed on a large scale basis and be tailored to the needs of companies. This is a real revolution that will have a profound impact on ecosystems and create new business opportunities.  

For more information:

Talao : www.talao.io

BCDiploma :  www.bcdiploma.com

EveryCheck :  www.everycheck.com