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Advantages of Having a Blockchain Ensured Certificate

June 5, 2020
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Benefits of Blockchain Ensured Certificate

In the age of data-security and strict compliance; it has become crucial for businesses to have an appropriately qualified and reliable workforce. Organizations rely on employee background verification to verify the authenticity of their certificates, work experience, home location, criminal record, and other relevant information.

However, the normal verification process is not foolproof and may carry human errors. Identity fraud and wrong information are also possible with the normal verification process. Hiring a candidate with wrong credentials would defeat the purpose of undertaking an elaborate background verification process.

67 percent of job applications just in the US have their facts misrepresented. Another report highlighted the fact that around 48 percent of HR professionals do not cross-check the certificates of candidates that they hire due to time or resource constraints.

Blockchain can address the above-mentioned issues by reducing the turnaround time, eliminating fraud, and misinformation in the employee background verification process.

What is a Blockchain Ensured Certificate?

Blockchain Ensured Certificate is a normal certificate stored in a public blockchain. After the certificate is uploaded, the one-time verification of the certificate is done to validate the authenticity of the data. After successful validation of the data, the certificate is transferred to Blockchain. Once the information is stored there, it stays tamper-proof and always available.

After you have registered for blockchain ensured certificate service, you can get all the information related to the certificate by requesting a Blockchain entry.

A digital certificate is sent to the user with all the relevant transaction information and credentials to access it in the future.

Why Public Blockchain?

Public Blockchain is a decentralized data structure that enables users to directly exchange information without any intermediary with absolute control over the transaction history. All the information is signed through cryptographic methods to avoid manipulation.

The decentralized structure of the public blockchain makes any kind of breach impossible. Here are a few essential benefits worth noting:

  • Anyone can view all the information related to your certificates anytime and anywhere
  • Greater transparency in the employee background verification process
  • Easily transfer your certificates digitally and send them to anyone
  • Bulletproof cryptography and decentralized data structure to enable tamper-proof storage of the data

Who Can Use?

  • Educational institutes can leverage the information as an independent platform to manage and issue forgery-proof certificates
  • Candidates can use the platform the prove the credibility of their certificates and professional experience
  • Organizations can directly verify the data of employees without bothering them
  • Details of the verifying party also remain hidden to reduce the possibility of bias

Candidate Confidence

Candidates are also one of the biggest beneficiaries of blockchain-backed employee background verification. It allows them to apply for roles that they are really qualified for and assures them that candidates with fraudulent qualifications and resumes, don’t stand a chance.

Increased transparency in the hiring process facilitates a level playing field for all job applicants. It is a win-win for both HR professionals and candidates where they can’t accuse each other of any misdeeds.

Future of Blockchain in Employee Background Verification

With a thriving gig economy and work from home becoming a norm globally due to COVID-19 pandemic, blockchain-enabled employee background verification will become more popular in the near future. Businesses will leverage its efficiency, ability to enable background verification without any physical contact, and reliability to hire a genuine and qualified workforce.