Human Resource Management Using Blockchain Technology

Abstract: One of the more recent developments to develop a distinct identity is blockchain. This technology has the potential to significantly affect HR. It has an extensive number of fields besides HR in which it has already shown to be extremely significant. It is a decentralised and distributed form of a ledger that may store various kinds of information, including data regarding loans, ownership rights, data connected to the transaction of any asset, etc., in addition to business transactions. Because it is decentralized, it can be accessed from a variety of networks yet cannot be altered, making it extremely transparent and even secure. The paper has made an attempt to describe the numerous industries in which blockchain technology is employed and, more importantly, the features and advantages of blockchain technology that make it so crucial for organisations' human resources management departments. Key word: Bitcoin, blockchain, cryptography, Human Resource Management