Blockchain. The much-hyped technology is the backbone of bitcoin, the cryptocurrency that’s enjoyed massive market gains recently. For business leaders and human resource professionals the blockchain impact on HR seems minimal, at least so far.
But by separating the cryptocurrency from its underlying infrastructure, a new value emerges. Here’s how the shared blockchain model might fundamentally change HR.
Before HR teams can leverage blockchain technology, it’s critical to understand the basics. First, remember that blockchain isn’t inherently tied to bitcoin or to any other cryptocurrency. Instead, blockchain is simply a way of looking at digital transactions.