What is it about?
Blockchains or “distributed ledger technologies” (DLT) are raising expectations for HRM in the 4.0 business environment. They are a very specific type of database, with characteristics that made it the ideal application for cryptocurrencies like Bitcoin. Human resource management (HRM) processes might use blockchains for employment screening, credential and educational verification, worker contracts and payments, among others. But there are questions about its efficiency vis-à-vis conventional alternatives.
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Why is it important?
In spite of the hoopla and rising expectations, the characteristics that make blockchains ideal for cryptocurrencies actually might hamper their adoption in HRM. This paper analyses such characteristics to show that only few HRM needs can be addressed using blockchains. Practitioners and scholars can use the paper to understand blockchains better and make decisions that will not damage their organizations or professional reputations.
Perspectives
I am grateful to colleagues in the 7th e-HRM Conference and the Clarion Faculty Research Forums who helped me improve my own understanding of this emerging technology and clarify the paper to make it publishable.
Miguel R Olivas-Lujan, PhD
Pennsylvania Western University
Read the Original
This page is a summary of: Blockchains 2019 in e-HRM: Hit or Hype?, November 2019, Emerald,
DOI: 10.1108/s1877-636120190000023010.
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