The world is moving towards digital and we must equip ourselves to adopt these digital advancements.
The goal of Blockchain is to allow digital information to be recorded and distributed, but not edited.
A blockchain is, in simple terms, a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. Each of these groups of data (i.e. block) is secured and bound to each other using cryptographic principles (i.e. chain).
While disruption from Blockchain is more commonly associated with areas like payments and capital markets, its effects on HR will be profound and pervasive.
Etisalat’s HR department is pleased to launch a strategic initiative of implementing Blockchain in HR processes, seamlessly connecting all businesses, vendors, banks and employees together. The credentials issued by Etisalat will be highly secure and will be verifiable without any phone calls, emails or stacks of paper. They can be shared and authorised to the relevant stakeholder only for as long as they need them with activities, moving automatically and transparently along the chain.