A UK - based technology start - up company is using blockchain technology to help speed up and reduce costs for the recruitment industry . APPII is using the Ethereum - based blockchain to store CV data In recruitment generally, because of the cost of verifying individuals, it tends to happen right at the end of the recruitment process. , sections of which can be accessed by previous employers or teachers who can verify whether the information contained is correct . Co - founder and current CEO , Gary McKay said : “ If somebody is found to have anomalous information on their resume , it means the employer or recruitment agency has to start again . We can help that . ” The technology aims to save potential employers up to £ 35,000 in lost sales or productivity .
A UK - based technology start - up company is using 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 current CEO , Gary McKay said : “ If somebody is found to have anomalous information on their resume , it means the employer or recruitment agency has to start again . We can help that . ” The technology aims to save potential employers up to £ 35,000 in lost sales or productivity .