How Blockchain will disrupt the future of HR Technology

Employee data should by owned by the individual and shared with his/her organisation...

We're fond of hyping new technologies in HR, but I sense that the buzz around Blockchain is actually being underplayed.

Recent research by Accenture, which was published at the World Economic Forum in Davos found that if companies can unlock the value of workforce data whilst maintaining high levels of employee trust, the 600 biggest publicly listed companies in the world alone could unlock a combined value of 3 trillion dollars.

One of the challenges to unlocking this value is the whole subject of data privacy and ownership. This is where Blockchain potentially comes in as it could fundamentally shift the status quo on employee data being owned by companies to a future where the data is very much owned by the individual worker and shared with its organisation. That’s the topic of this week’s episode of the Digital HR Leaders podcast and video series, where I speak to Yvette Cameron, Founder and Principal Analyst at NextGen Insights. You can listen by clicking the image below or by visiting the podcast website here.

Yvette is a true expert in the HR technology space having previously been Global Head of Strategy at SAP SuccessFactors and Research Director of Human Capital Management technology at Gartner. She is working closely with a number of HR technology companies to think about how blockchain could be used to revolutionise the situation around data ownership. Will we see a new vendor enter the market and create this capability or will the HR tech companies themselves collaborate create something together?

It's certainly a fascinating topic. In our podcast Yvette and I discuss:

• The concept of an 'Internet of Careers' to help create a frictionless trusted framework for exchanging data and driving better career matching
• What Blockchain is and the impact it will potentially have on HR, HR technology and who owns employee data
• The consequent need for HR to evolve and embrace a digital mindset
• Some of the research that Yvette has done around the role of design thinking in creating the employee experience
• Some of the challenges that organisations are facing around the topic of employee experience
• And as always we'll talk about how the role of HR will have evolved by 2025.

This episode is a must listen for HR leaders and professionals intrigued by blockchain and the opportunity it provides for HR as well as those involved in digital transformations and employee experience initiatives.

Support for this series of the podcast is brought to you by Culture Amp - find out more at cultureamp.com.

LISTEN TO THE PODCAST

To listen to the Podcast and read the transcript of my interview with Yvette, head over to myHRfuture by clicking on this link: Will Blockchain Disrupt the Future of HR Technology? 

WATCH THE VIDEOS

As well as the podcast, there are a couple of videos available on the myHRfuture YouTube channel highlighting two of the topics Yvette and I covered in our conversation.

Firstly, Yvette describes What Blockchain is and How will it Impact HR?

Then Yvette tackles the question we'll be asking all our guests on the Digital HR Leaders show: What will the role of HR be in 2025? (link to be added later when available).

A SMALL FAVOUR

If you enjoyed listening to and watching the discussion with Ed, I'd be grateful if you could take the following three steps:

1. Please subscribe to the Digital HR Leaders podcast and weekly newsletter to make sure you don’t miss an episode.
2. Who would you like to see me interview in future episodes? Let me know in the comments below.
3. Lastly, don’t forget to share on LinkedIn and Twitter with your friends and colleagues, your support is always greatly appreciated!

THANK YOU

A huge thank you to Yvette for sharing her time and expertise - you can connect with Yvette on LinkedIn and follow Yvette and NextGen Insights on Twitter, to Ian Bailie, Manpreet Randhawa and the myHRfuture team, and finally to Culture Amp for sponsoring the first series of the Digital HR Leaders podcast and video series.

Next week, my guest will be Eden Britt, Group of People Analytics and Chief Data Officer for HR at HSBC, on How to build a People Analytics team in a Global Organisation. Make sure you tune in for that one.

CATCH UP WITH ALL THE FIRST 25 EPISODES OF THE DIGITAL HR LEADERS PODCAST

If you haven't listened to some of the other episodes of the Digital HR Leaders Podcast, you can catch up now by clicking on the links below:

• EP 25: Julie Digby - How HR Drives Transformation and Org Design at Mars
• EP 24: RJ Milnor - How McKesson uses ONA to identify what drives high performance in sales
• EP 23: Rupert Morrison - Rethinking Workforce Planning & Organisation Design
• EP 22: Dawn Klinghoffer - The Evolution of People Analytics at Microsoft
• EP 21: John Boudreau - Reinventing Jobs: The Future of Work and it's impact on HR
• EP 20: Tanuj Kapilashrami - How Standard Chartered designed an exceptional Employee Experience
• EP 19: Anna Tavis: What is Agile HR and how are companies adopting it?
• EP 18: Sarah Johnson: How to use employee surveys to create strategic value
• EP 17: Leena Nair - How HR drives business value at Unilever
• EP 16: Keith McNulty - HR 3.0: more data driven, more agile and more business focused
• EP 15: Jason Corsello - The Shift From HR Tech to Work Tech
• EP 14: Jill Larsen - How does the CHRO successfully partner with the CEO
• EP 13: Frida Polli - How AI and Behavioural Science can reduce bias in recruiting
• EP 12: Ian O'Keefe - The Workforce Analytics journey at JP Morgan Chase
• EP 11: Dave Ulrich - The role of HR in the Digital Age
• EP 10: Jordan Pettman - How Nestlé uses People Analytics to measure Gender Pay Gap and Equity
• EP 9: Catalina Schveninger - The Evolution of Corporate Learning at Vodafone
• EP 8: Richard Collins - How is Automation, AI and Analytics changing recruiting?
• EP 7: Katarina Berg - Spotify's CHRO on Leading HR in a digital world
• EP 6: Nick Holley - How HR can become more business relevant 
• EP 5: Eden Britt - How to build a People Analytics team in a global organisation | The People Analytics journey at HSBC 
• EP 4: Yvette Cameron - How Blockchain will disrupt the Future of Work and HR Technology 
• EP 3: Didier Elzinga - How to Create a Culture First Company 
• EP 2: Edward Houghton - The Head of Research at the CIPD on Driving Business Performance with People Data 
• EP 1: Sharon Doherty - How to transform HR to be more digital and building a culture of diversity

PRESS PLAY ON YOUR CAREER: JOIN THE myHRfuture ONLINE ACADEMY

Invest in your career and learn the HR skills of the future. The myHRfuture Academy, of which I am part, provides you with an on-demand platform where you can get access to short, bitesized learning content to help you build knowledge in the skills that you need to prepare for the future of HR. Join here to get access to exclusive content on People Analytics, Digital HR & HR Technology, Design Thinking, Workforce Planning, Consulting & Influencing and Stakeholder Management.

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ABOUT THE AUTHOR

David is a globally respected writer, speaker, conference chair, and executive consultant on people analytics, data-driven HR and the future of work. As an Executive Director at Insight222, he helps global organisations create more cultural and economic value through the wise and ethical use of people data and analytics. Prior to joining Insight222 and taking up a board advisor role at TrustSphere, David was the Global Director of People Analytics Solutions at IBM Watson Talent. As such, David has extensive experience in helping organisations embark upon and accelerate their people analytics journeys. 

SEE ME SPEAK AT THESE EVENTS IN 2019

I’ll be chairing and/or speaking about people analytics, data-driven HR and the Nine Dimensions for Excellence in People Analytics model at the following events until the end of November 2019. 

• 10 Jun - CogX: The Festival of AI and Emerging Technology, London
• 1-2 Aug - People Matters Tech HR, Gurugram, India
• 3 Sept - New York Strategic HR Analytics MeetUp - Careers in People Analytics: fireside chat with experts, New York
• 5-6 Sept - People Analytics & Future of Work, Philadelphia
• 9 Sept - Leading HR in the New World of Work, Data Driven HR Panel (11.00 EST) - Online Conference, Hacking HR
• 24-26 Sept - Global Executive Retreat, near London, UK (for Insight222 clients only)
• 22-23 Oct - UNLEASH World, Paris
• 4-6 Nov - HR Summit & Expo, Dubai