Implications of Blockchain Technology on the Hiring Process

Have you, as an HR practitioner, ever thought about how blockchain technology can facilitate your hiring process, such as screening, recruitment, verification, payroll, and personal data protection?The use of blockchain will enable you to accurately screen data of recruits, including education information and previous employment, before processing their data to be used for on-boarding and payroll processing securely. Employees’ personal data can be digitized and processed securely in accordance with GDPR or other data privacy laws, leading to increased privacy of personal data (e.g. healthcare-related cases).

Speaker:

Helen Colquhoun, Partner / Head of Employment Hong Kong, DLA Piper Hong Kong;Scott Thiel, Partner / Asia Head of Data Privacy, Information Law, Cybersecurity and Technology, DLA Piper Hong Kong

KEY TAKEAWAYS

- Digital token for each employee/ candidate to store personal data?

- Blockchain tech to securely & quickly verify payroll and other HR related functions

- Use of smart contracts to efficiently process benefits (i.e., for contract/remote workers)

- Improved efficiency/streamlined employee and personal data life-cycle (e.g. data automatically deleted after certain amount of time, etc.)