In this podcast episode, Max Armbruster engages in a deep conversation with Dror Gurevich, the CEO of Velocity Network Foundation, a non-profit building the Internet of Careers™. The discussion delves into the transformative potential of blockchain in the world of recruitment, career verification, and how this new technology can shape the future of work.
In this riveting episode, Dror introduces the Velocity Network Foundation, an organization that aspires to democratize and decentralize career credential verification, enabling individuals to have complete ownership of their career records. He elaborates on the network's commitment to privacy, user control, and transparency, discussing the importance of having a shared, trusted infrastructure for both individuals and organizations.
Gurevich discusses the inherent issues in the traditional methods of career verification, including the time-consuming process of background checks and the challenge of obtaining accurate information. Blockchain, as he argues, offers a solution by allowing immediate, verifiable access to employment records, educational certificates, and other crucial career credentials.
The conversation also explores the promising concept of a Career Wallet, where people can store, manage and share their professional credentials, giving them control over their own data. This would eliminate the need for third-party verification, making hiring processes more efficient and reliable.
Max and Dror also touch on the potential of this technology in developing regions and emerging markets, such as Africa, where formal employment records might not exist. The ability to formally record and verify employment history can potentially uplift these economies by enhancing employability and job security.
In the latter part of the podcast, Gurevich opens up about a past hiring mistake he made due to inadequate data and verification, reinforcing the need for the solutions that Velocity Network Foundation aims to offer. He emphasizes the emotional and energy cost of hiring the wrong person, highlighting the potential of blockchain technology to minimize these errors.
This episode underscores the potential of blockchain technology to revolutionize the recruitment industry by enabling secure, efficient, and self-sovereign verification of career credentials. Listen in to learn how Velocity Network Foundation is leading this change, and how it might redefine the future of careers.
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