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Benefits and Use of Blockchain Technology to Human Resources Management: A Critical Review

Author

Listed:
  • Candy So Suk Yi
  • Eric Yung
  • Christopher Fong
  • Shilpi Tripathi

Abstract

Globalization brings advantages to worldwide awareness and cross-border technology dissemination in two respects to enable nations to readily access foreign expertise and enhance international competition from the increase of emerging market companies, as well as innovation and the introduction of foreign innovations (Aslam et al., 2018). Human Resources (HR) nowadays generally faces various difficulties in the world internet era and spends a lot of time connecting, screening, and verifying the resume of applicants, conducting credentials verifications, and checking backgrounds to reduce the likelihood of poor recruitment. For example, recruiters connect the profile of candidates from different channels such as direct application, recruitment agency, and social media; and hiring resume verifications is therefore a bottleneck. Hong Kong's telecommunications industry is totally privately-owned and faces no restriction on foreign investment, and it is also open for competition. Use of blockchain in the twenty-first for the period from 2004 to 2014, an instance of international expertise and technology will increase innovation ability and labour productivity development. Experts say that obtaining verification of credentials using blockchain can reduce costs and delays, increase confidence and increase hiring automation (Han, 2017). Background checks on shortlisted candidates / applicants’ lies are used to find increasing numbers of companies on their profiles to get job opportunities (Wood et al., 2007 cited in Brody, Richard G, 2010).

Suggested Citation

  • Candy So Suk Yi & Eric Yung & Christopher Fong & Shilpi Tripathi, 2020. "Benefits and Use of Blockchain Technology to Human Resources Management: A Critical Review," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(2), pages 131140-1311, December.
    • Handle: RePEc:mth:ijhr88:v:10:y:2020:i:2:p:131-140
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    References listed on IDEAS

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    1. Alexander Grech & Anthony Camilleri, 2017. "Blockchain in Education," JRC Research Reports JRC108255, Joint Research Centre.
    2. Richard G. Brody, 2010. "Beyond the basic background check: hiring the “right” employees," Management Research Review, Emerald Group Publishing Limited, vol. 33(3), pages 210-223, March.
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    Cited by:

    1. Yi-Hsiang Lu & Ching-Chiang Yeh & Yu-Mei Kuo, 2024. "Exploring the critical factors affecting the adoption of blockchain: Taiwan’s banking industry," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-25, December.
    2. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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