How are Digital Credentials Transforming the Way Organizations Recruit Candidates

The recruitment process for organizations has undergone multiple changes in the past couple of years. From inviting candidates to the office for physical interviews to assessing their match via video calls, the process has changed in uncountable ways. Consequently, the steps changed, too.?

However, the screening stage underwent a drastic change, except one important thing: trying to verify a legal document or certificate’s authenticity. From scanning physical documents and trying to verify their authorized signature and seals to trying to verify whether a digital document is real, this is perhaps the biggest loophole in the recruitment process and costs organizations dearly.

This is where verifiable credentials blockchain come in. They’re transforming the recruitment process one digital credential at a time. Wondering how? Let’s find out.

How are Blockchain-based Digital Credentials Simplifying Recruitment?

Before we get into how blockchain-based digital credentials are simplifying recruitment, let’s be clear on what are verifiable credentials.

Digital credentials blockchain are akin to traditional digital credentials except they must be tamper-proof, verifiable by machines, and employ privacy-enhancing technologies like decentralized dividers (DIDs) to be deemed as blockchain credentials.

Now that we’re clear on what are verifiable credentials, let’s dive into how they’re changing the recruitment process. Verifiable credentials are primarily changing the way organizations screen a candidate’s submitted documents.?

Imagine a scenario wherein a company’s HR department posts a job vacancy. After a few days, when they go through the submitted applications, they screen the candidates based on how well they fit the requirements. And how is this achieved? By going through the resume or the documents attached. Sometimes, they might even deem their legitimacy by going through a candidate’s self-attested social media pages.

While there’s nothing wrong with the process, it doesn’t take a key detail into account: authenticating the submitted documents. Since verifying documents is usually more hassle than it's worth, not to mention incredibly time-, effort-, and resource-intensive, most companies bypass this stage or overlook it altogether.

This simple mistake costs them later on when they realize that the people they’d hired for the job weren’t fit for the role. Although the hired candidates might pick up some skills along the way, it’d be difficult to master the ins-and-outs of a role (unless of course you’re a prodigy with a photographic memory in an American TV series).

In fact, when several IT companies went on a hiring spree after the economy turned slightly optimistic after the pandemic, they often hired people without conducting their due diligence. This impacted the company’s goodwill and market share later on when it found out the truth about the people it had hired.

With that established, verifiable credentials can prove authenticity and ensure that organizations don’t hire fraudsters. All the verifier has to do is verify the document’s authenticity, validity, edits made to the document, details about the issuer, on blockchain. The best part, though? The entire process takes a few minutes (generally, it takes a few seconds) and allows an organization to sidestep bigger issues down the line.

It’s simple to verify digital credentials, especially if the issuer uses ProofEasy’s verifiable credential solution to generate them. This is because all the verifier has to do is scan a document’s associated QR code to verify the credential and learn pertinent details about it. This simple act fosters trust and transparency between the parties involved, colloquially known as the verifiable credential trust triangle.

Verifiable credentials also lessen hassle for the issuing authority and minimizes the chances of document fraud. On the other hand, digital badges and certificates make it easier for individuals to share their achievements with relevant parties without revealing their personally identifiable information (PII) unless necessary.

The change is necessary to bolster confidence in the screening stage and make it easier for individuals and organizations to trust in the verification process. Want to begin issuing digital credentials for your organization? Sign up on ProofEasy today!