Dear CHROs, blockchain is here! Where are you?

This article is from ET HR World and features

Blockchain is entering different sectors, but HR departments are still more or less unaware of its revolutionary potential. Experts explain how it can be used in HR and why HR managers are hesitant.

Ever heard of blockchain technology? Obviously, you would have. But ever seen your HR discussing it, unless they are pondering over buying cryptocurrencies? Blockchain has been here for a lot of time making its way into banks and even healthcare, but is only occasionally discussed in HR departments.

According to a 2019 report by benchmarking company APQC, 82 per cent of organisations were already at least somewhat familiar with blockchain, but only 11.7 per cent were implementing blockchain HR technology.

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