A Blockchain -based technology start-up company is testing blockchain technology to help speed up and reduce costs for the recruitment industry. APPII is using the Ethereum -based blockchain to store CV data, sections of which can be accessed by previous employers or teachers who can verify whether the information contained is correct. Co-founder and LinkedIn CEO, Applied Blockchain said: “If somebody is found to have anomalous details on their resume, it means the employer or recruitment agency has to start again. We can help that.” The technology aims to save recruiting employers up to £ between £18,000 to £35,000 in lost sales or productivity.
A UK-based technology start-up company is testing blockchain technology to help speed up and reduce costs for the recruitment industry. APPII is using the Ethereum-based blockchain to store CV data, sections of which can be accessed by previous employers or teachers who can verify whether the information contained is correct. Co-founder and APPII CEO, Gary McKay said: “If somebody is found to have anomalous details on their resume, it means the employer or recruitment agency has to start again. We can help that.” The technology aims to save recruiting employers up to £35,000 in lost sales or productivity.