Blockchain will be among key technologies to transform the job market, according to Aneel Bhursi, co-founder and CEO of human capital management firm, Workday.
Blockchain to Boost the Value of Credentials
Last week, LinkedIn said that blockchain would be the most in-demand job skill this year. However, the technology will also help employees secure their next dream job in a more literal way. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Workday boss Aneel Bhusri said that artificial intelligence (AI) and blockchain would become essential for the job market.
The billionaires told CNBC’s Squawk Box anchors in Davos:
Blockchain is a technology looking for a problem to solve. We found one to solve, which is credentials. Employees can go from company to company and carry credentials with them in a private network. It can’t be edited by an outside source.
In this way, the technology won’t allow job seekers to exaggerate their achievements and lie about educational and professional backgrounds. The fabrication of accomplishments has been a real problem, even up to the level of top executives and CEOs.
Workday partnered with First Advantage to apply a background-screening technology, including on platforms like LinkedIn. Bhusri said about blockchain-based credentials:
Whatever information you want to carry, it gives employees power over data. Universities can also make sure that diplomas cited by job seekers are real.
There are platforms that already offer this. For example, MIT-backed Blockcerts help institutions issue, manage and verify blockchain-based certificates.
Machine Learning to Bring More Accuracy
Besides blockchain, AI will also transform the job market, though Bhusri likes to talk specifically about machine learning.
“AI gives people images of the Terminator, and that’s not the world we live in. Machine learning lets you make predictions, sifting through massive amounts of data. Humans are great at making judgments,” the billionaire explained.
What’s your opinion about blockchain’s potential contribution to the job space? Share your thoughts in the comments section!
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Coinspeaker Blockchain Is the Most Wanted ‘Hard Skill’ on LinkedIn in 2020Blockchain is viewed by LinkedIn as the top hard skill for job seekers, while a job of a blockchain developer is the top emerging job.
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The post Top 7 Cryptocurrency Newsletters appeared first on Invest In Blockchain.
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NEW YORK CITY, USA – October 2, 2018: A reality-style television event, a hackathon, a job fair, and presentations and panel discussions featuring leading innovators in the dynamic blockchain and cryptocurrency industry, are just some of the highlights expected at the 4th World Blockchain Forum (WBF) that will take place in New York, November 8-9, […]
The post World Blockchain Forum Launches Mission in New York to Build Greater Understanding and Consensus appeared first on ZyCrypto.
The ABI Italian Job Proceeds to the Next Level The ABI Lab Italian job has now proceeded to the next phase. The project, which is currently being headed by IBA (Italian Banking Association) has brought together a total of fourteen banks.
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Blockfreelancer solutions to problems: We aim at creating a decentralized transparent, trusted, reliable , lucrative and convenient system for freelancers,employees and companies,using the Ethereum blockchain and smart contract.
Job.com is evolving the traditional recruitment model using matching technology, smart contracts on the blockchain, enhanced feedback and financial incentives. The combination of Job.com's protocol and our token economy will fulfill our mission to realign the industry away from costly middlemen toward a decentralized reward-based community.
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