Exploratory Research on the Use of Blockchain Technology in Recruitment

Abstract

In recent years, human resource (HR) professionals have struggled with problems such as reduced efficiency, increased cost, fraud risks, and time-consuming procedures in the process of finding and hiring the right talent for companies. Blockchain technology has emerged as a powerful tool to solve these problems and transform the recruitment process. The aim of this study is to investigate the opportunities, challenges, possible solutions, and prospects for blockchain technology adoption in recruitment. In order to achieve this aim, exploratory research has been conducted through a combination of a comprehensive literature review and a structured interview with experts in the field of human resource management (HRM) and blockchain. Thematic analysis has been used to analyze qualitative data. The findings reveal that blockchain-based recruitment systems enhance the recruitment processes by offering opportunities such as increasing the speed and reliability of the transactions and reducing costs and routine workload. Thus, it provides a sustainable competitive advantage to the companies. However, these systems have some technological, organizational, and environmental challenges that can be addressed in the long term. In the future, it is expected that the use of blockchain technology in recruitment processes will be a gradual process and will change the role of recruiters.