Members of the World Employment Confederation (WEC), an organization representing employment agencies, announced a blockchain initiative to streamline staffing operations. The project will explore standardization practices, to enable seamless sharing of data between the companies.
The blockchain initiative is being run by The Adecco Group, GiGroup, Kelly Services, ManpowerGroup, Randstad, and RGF Staffing. The firms have identified some common problems they face and potential solutions using distributed ledger technology (DLT).
An individual looking for a job has to provide information such as identity, qualifications, experience and certification. This information has to be vetted thoroughly by the employer, as well as the staffing company before an individual can be hired. The issue here is that every time a person wishes to switch jobs, they have to go through the document submission and verification process all over again. While being time-intensive, it also creates significant inefficiencies.
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