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HIRA has initiated a project using blockchain technology in talent management. The project is in an early phase and aims to have the MVP ready during 2024. The focus of the program is:

Identity Verification

Blockchain can also play a role in verifying the identity of job candidates. With a decentralized identity system, individuals can have their personal information and background checks securely stored on a blockchain. Employers can then access this information with the individual's consent, streamlining the hiring process and ensuring data privacy.

Credential Verification

Blockchain can be used to verify and secure educational and professional credentials. Educational institutions, certification bodies, and employers can issue digital certificates and records on a blockchain. Individuals can have control over their records, making it easier for employers to verify their qualifications. This can reduce the risk of resume fraud and streamline the hiring process.

Skills and Performance Tracking

Blockchain can facilitate the tracking of an individual's skills, competencies, and training records. This can be especially valuable in the context of professional development and career growth, allowing employees to showcase their capabilities and ongoing learning.

Recruitment and Talent Management

Blockchain-based platforms can connect job seekers directly with employers, streamlining the recruitment process. This may include decentralized applications (dApps) and marketplaces where candidates and companies can interact directly.

Remote Work and Freelancing

The rise of remote work and the gig economy has increased the need for secure, transparent, and automated payment systems. Blockchain can enable secure and borderless payments for remote workers and freelancers, ensuring they receive their earnings promptly.

Privacy and Data Security

Protecting sensitive human capital data, such as personal information and employment records, is crucial. Blockchain's encryption and distributed ledger can enhance data security and privacy by giving individuals control over who can access their data.

Decentralized Learning and Development

Decentralized education platforms can use blockchain to offer lifelong learning opportunities. Individuals can access micro-credentials, online courses, and digital badges to continually enhance their skills.