By Hariom Seth
Job candidate fraud is on the rise, posing a serious challenge for employers seeking to hire the best talent. Falsified qualifications, exaggerated work experience, and fake references can waste valuable time and resources, as well as result in legal liability for the employer. However, a new technology has emerged that can provide a secure and trustworthy way to verify a candidate’s identity and credentials: blockchain-based identity verification.
Fortunately, the emergence of blockchain technology provides a solution to this growing problem. Blockchain-based identity verification can provide a secure and immutable record of a job candidate’s qualifications and work experience. Here’s how it works:
What is Blockchain-Based Identity Verification?
Blockchain technology is a decentralized digital ledger that records transactions in a secure and immutable manner. Each block in the chain contains a record of multiple transactions and is cryptographically linked to the previous block, creating a chain of blocks that cannot be altered or…