UK company offers blockchain based employee background checking tools under licensing agreement
A UK business has developed a blockchain based employee background checking toolkit. The automated tools increase the speed with which employers can undertake verification of information on job applicants. The business is seeking licensing agreements with HR (Human Resources) or recruitment teams and job networks who want to be able to complete checks on new staff faster, leading to them commencing work earlier.
The company is looking for organisations that are seeking improvements using automation, candidate experience, candidate privacy or simply wish to modernise employment checks. The company is looking to offer the hiring tools to HR, recruitment, talent-acquisition teams, job networks, and job boards under license agreements that may also include white labeling or further customisation of the product.
The employee background checking system developed by a UK company provides the employer with automated referencing, feedback and background checking tools. For employers, this enables them to undertake quicker checks, including gathering in-depth insights on candidate skills and work styles. Currently, companies collect extensive data interviewing and employing individuals but each business collects the same information from each applicant as there is nothing available that is secure and allows simple background information to be stored and securely shared. As a result, the data collected at interview stage is owned by each organisation a candidate meets. This leads to delays in employing candidates and leads to less stringent referencing being undertaken. The UK business is seeking clients under licensing agreements that may also include white labeling or further customisation of the product.
Advantages and innovations
The toolkit uses blockchain and smart contract technology. The platform records proof of candidates' work data in identity contracts on the Ethereum blockchain. Recording this information on the blockchain means it is verified in a transparent and trustworthy fashion, and data such as "proof of right to work" and "proof of work experience" only needs to be recorded once. Then workers can reuse it throughout their careers. Jobseekers data is verified by the individual's peer network and cannot be accessed or changed by anybody else, including the toolkit development team.
Already on the market
Intellectual Property Rights (IPR)
Register your interest
How it works
- Tell us about yourself
- We’ll discuss with you
- We put the right partners in touch
EEN help you find the right partner, rather than you going it alone.
Our role is to review and collate the most suitable submissions, and then send them to the client who posted the opportunity. We consult with you, and the client, to make the process professional and easy.
These are live opportunities. Your registration of interest on the site is just like a professional approach to a business at a networking event. To stand the best chance of success, make your submission really sing. Sell why the client who posted the opportunity should work with you. Excite them. Ask questions. Try and avoid copy and pasting words from elsewhere.
Once the client has chosen their partner, we'll introduce them over email and keep in touch with both parties to see how it's going. Sometimes things progress quickly. Sometimes because of changing priorities for either party, things progress slowly, but you never know - your next big business break could start right here.
First we need to check you’re human.
Thank you for verifying your email. We have sent you a confirmation email containing a 6 digit verification code to unlock the form below