Using blockchain technology for recruitment effectiveness in industry 4.0

Abstract

In this Industry 4.0, with the growing technology and the cyber risk is growing and technology loses its trust, and there comes the concept of Blockchain. Blockchain-based on a distributed digital ledger technology, which helps to create a smart, secure and transparent system. And in Industry 4.0 it becomes a need for any organization to adapt blockchainbased technology in Human Resource functions to ensure a transparent and secure environment. The blockchain-based technology can help to find the right candidate by identifying skills, knowledge, and experience, and as a result, it can boost the productivity of the business very effectively. Blockchain will help fill the business gap, which brings great results to HR and its employees. There is a feeling that technology has dissolve trust in current years, due to rise of cyber threats. So, now blockchain is developing a way to use technology to regain trust. HR purposes and responsibilities need to start putting the blockchain next to other arising technologies in developing their digital strategy. Exploring the potential blockchain to improve efficiency and effectiveness should be considered along with the broader implications for future work. This research paper develops the idea that Blockchain-based technology improves recruitment and selection processes compared to the existing recruitment system and helps in employer evaluation.