Blockchain technology is a powerful change agent for broker based industries. We only need to look at the fervor in which the Financial Services sector is being disrupted by Fintech start-ups applying blockchain to bring greater value to banking customers.
Likewise, Blockchain technology can be put to great use in the recruitment sector. The recruitment sector after all is a broker industry. The technology can assist in expediting commodity processes undertaken by intermediaries unlocking valuable capital to be put to better use by employers in growing or optimising their businesses.
In APPIIs case, the broker role currently undertaken by 3rd party verification companies is superseded by the blockchain technology and network. The technology makes the process immeasurably faster and, at the same time, ultra-trustworthy.
The blockchain technology ensures that the verification activity only happens once and is stored securely and permanently for any person or organisation that wishes to view it. The technology also eradicates double handling and processing by multiple verification providers.