Blockchain solutions for HR from Aetsoft
Eliminate third parties from the talent hunting process using a single source of candidate information with self-maintaining job histories.
Protect sensitive employee data against unauthorized access and illegal activity through blockchain-enabled, cryptographically-encrypted keys.
Transparent employee referencing
Get instant access to candidates’ employment records stored on an incorruptible shared ledger to hire the right person for your business with a 100% guarantee.
Fast cross-border payments
Provide quick and transparent wages for overseas employees with blockchain-powered digital assets that don’t require grueling settlement procedures and reconciliation from third parties and independent of exchange rate fluctuations.
Perform efficient, end-to-end audit checks, with blockchain-located data, validated, accurate, immutable, and incorruptible.
Replace unreliable payroll systems with code-dependent, self-executing smart contracts releasing payments instantly and automatically in due dates or under particular conditions.
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Blockchain applications in HR
Use case 1. Advanced protection of sensitive data
Centralized databases storing all sensitive data (such as employee records) in one place are an appealing target for hackers. One single effort might be required for theft or corruption.
On a decentralized blockchain ledger, all the nodes in the network have the same copy of all data instances. Such data distribution neutralizes single-point-of-failure risks, making hacks next to impossible.
Use case 2. Improved hiring process
Recruitment remains a time- and money-consuming process; organizations often have to apply to recruitment agencies for the inability to deal with talent hunting single-handedly.
Acting as a universal and incorruptible database for candidates’ data, blockchain makes talent hunting quick, efficient, and less costly. Eventually, one might do without recruitment agencies.
Use case 3. Streamlined cross-border payroll
Grueling settlement procedures, reconciliation from third parties, fraud risks, and exchange rate fluctuations complicate cross-border payrolls and increase distrust and dissatisfaction from overseas personnel.
Blockchain-powered, code-dependent, and encrypted smart contracts can replace outdated payroll systems with automated payment issuing triggered under particular strict and immutable conditions.
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