Blockchain technology is well known for being a digitalised ledger, programmed to record all kinds of financial transactions. But did you know that it can also act as an instrument that can go far beyond this, such as the recruitment industry? In fact, it could also operate as a trusted online digital record keeper, that can validate a candidate’s CV, their skills, references, education, and even assessment scores.

However, the recruitment industry has been facing great difficulties in recent years, especially in an industry that has become saturated and dysfunctional in its hiring process.

Here’s why:

Under Pressure

The $450 billion global recruitment industry has been under pressure for decades to find genuine and fully qualified candidates to fulfill job vacancies. A recent CIPD report revealed that 3 in 4 organisations are finding this matter extremely problematic for the hiring process.

Tools and Software

Also, the recruitment Industry is swarming with all kinds of tools and software which should supposedly make life easier for companies who are looking to recruit a job-seeker. Innovative technologies like Big Data and AI are being tested to help employers recruit the best candidates. The downside, however, is that these technologies add a massive amount of data to gain any valuable input. Firstly, these kinds of data only reside in centralised databases of a few companies. To complicate things further, data residing in multiple databases for a person does not match to a significant extent. That is, CVs are frequently modified to suit the job description, which in return results in fake clutter, rather than clarity.

Quality and Genuineness

Ironically, this problem continues. Job Boards, LinkedIn, recruitment agencies or an in-house recruitment team, currently have no way to assess the quality and genuineness of a candidate without spending a tremendous amount of time and money to evaluate them properly.

Solution

So, you may be thinking what the solution to these problems is? Well, Talenthon, a UK recruitment platform, think that they can change the overall issues the recruitment industry currently face.

Talenthon, have designed a State of the Art UK Recruitment platform (ecosystem), a one-stop-shop for all employers, which is designed to deliver thoroughly vetted and technically assessed candidates, using blockchain technology and gamification techniques.

Benefits

The usage of their recruitment platform would be extremely beneficial:

Blockchain is verified and widely recognised as being the best approach to employ.

It has immense potential to be scaled up to cater for the global B2B market.

It works well across all industries

It would also expand itself rapidly without any marketing efforts, using an inbuilt viral marketing technique.

It’s a complete ecosystem which gives multiple potential revenue streams.

Employers looking to hire technically assessed and vetted candidates

People looking to take extra assessments to improve their skills

Recruitment agencies who want to refer qualified candidates

Background agencies looking for appropriate information

People who want to attend training to improve their skills

Talenthon’s ICO Token sale

To fund this project, they are excited and proud to announce the start of their Token Sale, which will begin on the 15 March and will expect to last until 15th June. Please keep this date in mind as they are running a 12-week campaign, on their ethereum platform.

Here is some essential information for you to become acquainted with their token sale before the start date:

A vesting period applies to their token sale. So, the earlier you buy your tokens, the better the discount you will receive, so it would be advisable to take part in their ICO from the beginning to reap the benefits overall.

The ICO token sale will start off by offering a 70% discount, until their soft-cap has been reached! So hurry up, the earlier you snap your tokens up, the better the price will be for you.

To take part in their token sale, you can join them through their website www.talenthon.io

The answer to the overall question, Is blockchain good for the recruitment industry? Absolutely Yes!

With Talenthon’s ambition and passion to change the recruitment industry for the better, there is no question of doubt, that Talenthon, will take the $450 billion global recruitment industry by storm with this future project. The concept of using blockchain technology and gamification techniques to verify a candidates CV, check their references and test their skill sets, would no doubt improve the way employers hire talent, and for all the job seekers who want a fairer and better system to seek employment and gain the job they deserve!

Please stay tuned for very important updates and news regarding their ICO Token Sale.

To know more about their project and their token sale, please visit the below link