A pioneering blockchain-based hiring platform has emerged with the potential to significantly streamline and enhance the technology recruitment process.
Zinc, a newly launched blockchain-based hiring software, aims to address the inefficiencies typically found in tech recruitment. Following successful beta tests with companies like GoCardless and Booking.com, Zinc is now available to the public.
In the United Kingdom, filling a technical role traditionally takes an average of 12 weeks. Zinc’s platform seeks to expedite this process by open sourcing the interview procedure and leveraging blockchain technology to verify a candidate’s information. This allows workers to securely store their verified work history, aptitude, and attitude reports on a distributed network, granting recruiters immediate access to comprehensive candidate profiles.
The system’s blockchain verification eliminates the need for repeated tests and reference collections, offering a more streamlined and cost-effective solution. According to Zinc CEO Luke Shipley, ‘With an estimated two million technology roles available at any time, and an increasing shift towards the gig economy, there is a dire need to speed things up.’ He further noted that referencing, once considered the gold standard, has fallen out of favour due to significant inefficiencies.
A survey conducted by Zinc revealed that 79 per cent of respondents believed they would secure more interviews if references were shared earlier in the recruitment process. Zinc’s digital work passport enables workers to have complete ownership and control over their work reputation and identity, deciding how to share this information with recruiters before the interview stage.
‘References hold immense value and should belong to the worker,’ Shipley commented, ‘but over the years, they have often been collected and held by recruiters and companies. Zinc is changing the ownership model for work data, allowing workers to own information collected during the hiring process and use it throughout their careers. Our mission is to empower workers to take back control and ownership of their work reputation and identity.’
Shipley also highlighted that blockchain-verified credentials and records offer new possibilities for automation and trust in the hiring process. Zinc aims to establish itself as the industry standard for transparent and authenticated proof of work reputation and identities.
With its innovative approach, Zinc’s blockchain platform could redefine the standards of the tech recruitment industry by promoting transparency, efficiency, and worker empowerment.