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Blockchain Innovations in HR Management

Author

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  • Nadezhda Filipova

    (University of Economics - Varna)

Abstract

Identified as a "game changer", the blockchain technology draws the attention of both IT pros and business analysts, and promises to revolutionize many industries and business processes. Human resources management (HRM), being wide open for IT innovations, appears to be a possible area of blockchain application. In this context, the purpose of this paper is to reveal the possibilities of using the blockchain technology in the field of HRM, highlighting its benefits and potential problems for the HRM business processes. In the first place, the author defines the scope of the HRM business processes. Then the basic concepts and mechanisms of the blockchain technology - such as hashing, DLT, and smart contracts, are discussed. Unveiling some problems in the HRM business processes, the paper examines blockchain-based solutions. More particularly, the attention is drawn to job applicants' information verification, job search, keeping employees' records, and overseas payroll payments.

Suggested Citation

  • Nadezhda Filipova, 2018. "Blockchain Innovations in HR Management," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 7(1), pages 262-273, October.
    • Handle: RePEc:vra:journl:v:7:y:2018:i:1:p:262-273
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    File URL: http://www.su-varna.org/izdanij/2018/EconomicSciencesSeries_2018_1/262-273.pdf
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    More about this item

    Keywords

    blockchain; HRM. HR business processes; smart contract; hashing; technological innovation;
    All these keywords.

    JEL classification:

    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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