brilliant answers assignment
PLAGIARISM SCAN REPORT
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Date 2020-06-15
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Abstract Use of blockchain technology will have a huge impact in how organizations conduct their business as well as data integrity as it will
enable users to share a single credible source of information from its reliable database. Information nowadays is the most valuable asset of
any organization. Apparently more valuable than money, land or anything else that we own. Wherever we go and whatever we do online is
recorded. It creates our virtual presence but the problem is- this information is owned by tech giants such as Google which can be
compromised. This is where a blockchain come into play, it will enhance privacy as well as control the flow of our information. Blockchain will
protect our information from hackers by encrypting it, this will make it hard for hackers to access our information. This is the highest time to
adopt this technology and the first to adapt to this new technology will be the greatest beneficiaries. Introduction Blockchain is a revolutionary
technology due to the fact that it does not need a trusted party to confirm transactions. With the aim to provide transparency and safety in
various sectors, blockchain is definitely the future (Tapscott, 2018). It aims towards creating a healthier, more reliable and advanced global
system, for a world where accountability and transparency are rarely visible in terms of financial techniques, blockchain will transform not one
but many industries. The key value proposition of blockchain is to provide transparency and efficiency. Businesses need to do their own
homework to access whether or not they should adopt blockchain, when to adopt and what division to adopt. Literature Review Introduction of
blockchain will change how organization go about their day-to-day activities. In finance sector, there will be no need of intermediaries while
processing a transaction since only sender and receiver are needed to complete a transaction. This will reduce cost and also enhance
transaction efficiency (Arun et al, 2019). Other than that, financial institutions will secure their transactions as a result of using blockchain
features such as encryption which make information unreadable to unauthorized users. Transparency will be guaranteed as every transaction
will be recorded for future reference in the database. Having all clients information secured in the database will enhance data integrity since
only authorized personnel are allowed to modify the data and any changes made users are notified. Security is the common denominator in
any organization that deal or handle sensitive information. Blockchain technology has exhibited its abilities in different sectors since its launch.
Its ability to offer peer-to-peer connectivity between users enhances security as well as efficiency. Blockchain features will revolutionize many
industries hence every industry needs to consider this technology in their future plans. Use of Blockchain Technology Blockchain-based
solutions are being implemented for optimizing the inefficiency in recruitment workflow. These solutions are very well used for recruitment
processes like background screening and resume verification. In an event an organization needs to hire new employees, blockchain will
enhance the process of obtaining credible information on the potential candidate, supplier as well as partners compared to any other
recruitment method available (Tapscott et al, 2018). With employee’s consensus, employer will have access to employee’s credible
information. This information will not be compromised due to the fact that it will be uploaded, stored as well as managed by a secured
database. Job applicants won’t be able to lie about their education qualifications due to the fact that a university body from where they
graduated from will have uploaded their academic qualification on the database hence information integrity will be maintained. Changing
anything will require taking over the entire blockchain which would be impossible. Any changes in resume will be recorded and pushed to
respective institution for validation and new employers can trust employee resume stored and secured via such blockchain based solution.
Blockchain will make it possible for employers to authenticate candidates based on digital identity stored on blockchain (Kim & Deka, 2019).
Various screening tests records / documents will be secured with blockchain based solution instead of relying on any third-party. It will also be
easy to track contractor’s performance by use of smart contract based solution where employers will use the technology to review contractors
work history. Recruitment process will be improved as well as made efficient through the use of blockchain technology. Application of
blockchain technology has transformed how human resource carry out their activities. It has enabled employers to interact with potential job
seekers. The fact that blockchain can store as well as share information has enhanced relationship between employees and their boss (Obrist
& Hari, 2019). Having employee performance records on the blockchain database is a game changer in monitoring as well as coordinating
their activities which has helped in evaluating their performance. Blockchain features a digital ledger mechanism which allows professionals to
streamline processes and store the details in the form of distinct records. Blockchain is made up of unique blocks, each block hold data value.
This has made human resource documentation and data management conventions significantly (Paschen, J., & Boon, 2019). Through the use
of this technology, the process of maintaining and monitoring employees payroll has been simplified as a result of storing information in a
decentralized database which is instantly updated providing crucial information to the human resource department.
Matched Source
Similarity 5% Title: Is blockchain the future? Or is it just a fad? - Quora
the key value proposition of blockchain is to provide transparency and efficiency. businesses need to do their own homework to access
whether or not they should adopt blockchain, when to adopt and what division to adopt. for example, a local restaurant who is looking for
technology to improve...
https://www.quora.com/Is-blockchain-the-future-Or-is-it-just-a-fad
Similarity 3% Title: How is Blockchain affecting HR? - Quora | What are the benefits?
blockchain-based solutions are being implemented for optimizing the inefficiency in recruitment workflow. these solutions are very well
used for recruitment processes like background screening, resume verification, etc. to know various other applications of blockchain in hr
and to how it is...
https://www.quora.com/How-is-Blockchain-affecting-HR
Similarity 5% Title: Rasika Patil - Quora
1. resume verification: any changes in resume will be recorded and pushed to respective institution for validation and new employers can
trust employee resume stored and secured via such blockchain based solution. 2. smart contract instead of paper based employment
contract...
https://www.quora.com/profile/Rasika-Patil-16