U.S.-based Workday has developed a blockchain solution for credentialing employees. Aneel Bhusri, CEO of the human resources technology firm, told
CNBC that ‘blockchain is a technology looking for a problem to solve’. But he believes the company has identified one of those.
Workday is listed on the New York Stock Exchange and had revenues of over $2 billion in 2018. As of December 2019, the company has over 3,000 customers and 42 million users. The company offers human capital management and payroll solutions and is moving into accounting.
Bhusri believes blockchain can play a significant role in the management of employee data. The company identified credentialing as a widespread problem in HR functions. Currently, companies ask third-parties to verify the data provided by an employee.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
