Issue Details

UNVEILING BLOCKCHAIN’S POTENTIAL: REVOLUTIONIZING HUMAN RESOURCE MANAGEMENT

ABSTRACT

The objective of this research is to gain an understanding of the perspectives held by employees on the implementation of blockchain technology, which encompasses distributed ledger databases, in the field of human resource management (HRM) within enterprises. The purpose of this study is to gain an understanding of the perspectives of both human resource (HR) and non-HR personnel regarding how they evaluate the current state of human resource management (HRM) in their respective businesses, as well as their awareness of blockchain technology and their opinion regarding the potential applications of blockchain technology in HRM. Human Resource Management must constantly be able to adapt and respond to changes in order to keep up with the demands and rigors that are present within the profession. This requires them to alter their own competences and increase their level of knowledge. Human Resource has, for some reason, failed to take into account some of the most significant drawbacks that have emerged as a result of the process of acquainting themselves with new technology in various departments of any given firm and managing their resources. Therefore, the purpose of this research paper is to provide Blockchain, a technology that is both highly innovative and brand new, with the intention of bridging the gap that the existing technology has produced and strategically overcoming the loss in the future. This quantitative research was conducted in order to determine how far organizations would comprehend the necessity of this implementation and even if they are prepared to accept the risk. It is easier to provide in detail about any technology on paper, but the question of how far organizations would grasp the necessity of this implementation was calculated. In this research study, a very extensive literature evaluation has been done in order to highlight the gap that has been created and to suggest ways in which it could be filled. Finally, it was determined that the population that was surveyed, which was representative of the Human Resource department, concurred that the use of this technology would be a smart decision.

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