How Blockchains Could Change Background Checks

A game changer. A breakthrough. Revolutionary.

That’s how experts describe the impact blockchain technology will have on the world of background screening.

But for those who don’t know anything about it, a blockchain doesn’t sound that exciting. In fact, its name sounds a little like the latest kids’ gaming craze.

So, what exactly is a blockchain? And why does it matter?

Blockchains started in 2008 as the technology behind Bitcoin. Since then, they’ve been considered for a variety of uses including screening.

In non-technical terms, blockchains work as a list. Blockchains are digital collections of verifiable records or transactions in a network. They’re considered very secure: information is encrypted and can be added or changed only with approval across the network — or by the verified owner.

This helps in hiring when candidates can develop their own blockchain. In a way, their blockchain would serve as a verified digital resume. For example, as a person earns academic credentials or certifications, verified schools or agencies could add that information. Companies could also add work history to a blockchain.

And you’ve heard the stats. Job seekers present the best version of themselves, but it’s not always the most honest version. Experts say blockchain technology offers a chance to change those stats. Some go a step further, saying blockchain could eventually help recruiters screen for candidates who haven’t even applied for certain jobs yet.

How (and when) will blockchain fall into place for everyone? No one knows exactly. But one thing is sure: it promises major change. With multiple employers, the growing freelance economy, and struggles with transparency, background checks aren’t always simple. As it develops, blockchains represent great potential, lower cost, added transparency, and easier transitions in hiring.

Don’t get left behind. Pick a partner like ClearStar who can help you stay up-to-date on all the latest technology. Call us today!

At ClearStar, we are committed to your success. An important part of your employment screening program involves compliance with various laws and regulations, which is why we are providing information regarding screening requirements in certain countries, region, etc. While we are happy to provide you with this information, it is your responsibility to comply with applicable laws and to understand how such information pertains to your employment screening program. The foregoing information is not offered as legal advice but is instead offered for informational purposes. ClearStar is not a law firm and does not offer legal advice and this communication does not form an attorney client relationship. The foregoing information is therefore not intended as a substitute for the legal advice of a lawyer knowledgeable of the user’s individual circumstances or to provide legal advice. ClearStar makes no assurances regarding the accuracy, completeness, or utility of the information contained in this publication. Legislative, regulatory and case law developments regularly impact on general research and this area is evolving rapidly. ClearStar expressly disclaim any warranties or responsibility or damages associated with or arising out of the information provided herein.