From making talent search more efficient, candidate verification effortless, customer and employee data security foolproof, increasing workforce productivity, and managing the emerging gig economy, Blockchain can assist the leaders of today, and the future, in several business-critical challenges. A look at how this relatively new technology can serve as a linchpin for HR leaders to solve business critical challenges of the present and the future
As CHROs and business leaders juggle the multiple challenges of talent, retention, engagement, and training alongside preparing for the future of work, the advent of Blockchain promises to shake things up even further. Leading organizations like Accenture, Facebook, and Microsoft are all betting on Blockchain to define the next set of innovation and disruptions in the digital world. Blockchain, a relatively new technology, has also shown immense potential to bolster and optimize the HR function as well. Let us take a closer look at what the technology is, and what it means for businesses and CHROs.
Understanding Blockchain
While the term Blockchain has been doing the rounds for more than a decade now, not many fully understand its meaning or implication; even the most-watered down definition of Blockchain says that it is a “distributed, decentralized, public ledger.” Simply put, Blockchain is a new technology that allows digital information and data to be safely distributed without being stored in a single central database. Simply put, it is digital information stored in a public database (‘chain’). Each device (node) in Blockchain has its own copy of the information and helps in sustaining the entire network, which means there is no one single definitive record. This is a revolutionary change in the way the internet has been functioning so far, which is by storing and verifying information from a central source of record. In Blockchain, information is encrypted and stored across the entire network rather than a single server, which makes it virtually impossible to alter or hack.
Denne historien er fra January 2019-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2019-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
