Use and Applications of Blockchain Technology in Human Resource Management Functions
Vandana Madaan, Ram Singh, Anil Kumar Dhawan · Advances in computational intelligence and robotics book series · 2023
Organizations from different sectors are using blockchain technology, but still it is only 0.5% of the world population that is using blockchain technology in 2019, but there is a steady increase in its demand, and it is anticipated that this demand will increase to 80% of the population using it. HR is becoming an inevitable strategic function of the organizations, and blockchain is helping the organizations to overhaul the HR functioning. HR managers are using blockchain in various processes such as recruitment and selection, validation, mapping skills, processing payroll, security of data, and prevention of frauds. This chapter attempts to identify the characteristics and uses of blockchain technology and scope of its application in human resource management. The study would be conducted by reviewing the extant literature from various secondary sources of data collection. The study will assist in providing an insight about implementation of blockchain in HRM and also facilitate in organizational decision making about the implementation of technology.