CASE STUDYSOLVING THE PROBLEMS WITH DIGITAL IDENTITY, PRIVACY & SECURITY

DIGITAL IDENTITY

DIGITAL PRIVACY

DIGITAL SECURITY

Identity TheftBank FraudData TheftFraudulent Purchases

Irresponsible control and distribution of

data to third-partiesNot having control over your own data

Tampered and stolen data

Data BreachRansomware

USE CASE: RECRUITMENT PROCESSSOLVING THE PROBLEMS WITH DIGITAL IDENTITY, PRIVACY & SECURITY

DIGITAL IDENTITY

DIGITAL PRIVACY

DIGITAL SECURITY

Identity TheftBank FraudData Theft

Fraudulent Purchases

Irresponsible control and distribution of data

to third-partiesNot having control over your own data

Tampered and Stolen dataData BreachRansomware

USE CASE: Recruitment Industry

Several billion dollars is spent on advertising in the recruitment industry. Even after people apply, companies spend on average $4000 in order to find the right candidate (2). This is a 200 billion dollar industry worldwide (1).

(1) https://www.forbes.com/sites/joshbersin/2017/05/26/google-for-jobs-potential-to-disrupt-the-200-billion-recruiting-industry/#6e07324d4d1f (2) https://www.prnewswire.com/news-releases/bersin-by-deloitte-us-spending-on-recruitment-rises-driven-by-increased-competition-for-critical-talent-300070986.htmlSources:

Problem: Process is too Lengthy and Candidates are Lost

Average time of application process. Lengthy.

3-5 weeks

Great candidates are lost because of a lengthy

process.

RECRUITMENT PROCESS

Resume from applicant.

Filtering applicants.

Interview.

Further screening such as background check.

Job offer.

=

Applicant has dropped out.

Solution: New Process Using Blockchain

Applicant sets up profile, than uploads resume and background check information. Information is written onto blockchain.

Certain information is verified through institutions. Signature from applicant is required, stating that information is true.

Proxy re-encryption is used which increases security measures and allows applicant to have control over data.

Applicant sends resume. Job offer is made and applicant allows for background check information to be viewed by recruiter.

1

2

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START

(Process is taken less than a day or two)