Musiccosmos

Whilst Bitcoin has taken the spotlight when it comes to the application of blockchain technology, we are starting to see a surge of innovation as its potential impact on businesses becomes increasingly understood. Blockchain technology is now being tapped into by many businesses and governments around the world. One such industry with huge potential is recruitment.  Having worked in recruitment for nearly a decade, I saw increasing frustration and a steadily decreasing lack of trust in the processes involved to collect references. Outdated processes meant that references could easily be abused and misused. Over eight years, the number of references collected by recruiters decreased by a staggering two thirds. References used to be the gold standard of an employee’s skills and experience, yet according to a survey by CareerBuilder, 75 per cent of hiring managers have caught a lie in a resume. Instead, employers and recruiters make judgments based on workers’ CVs and ‘perso...