Revolutionising HRM practice with blockchain technology: unleashing disruptive paradigms of work and overcoming management challenges
Zhisheng Chen
Abstract
Blockchain technology is anticipated to have a significant impact on human resource management (HRM) in the era of Industry 4.0. This study employs a literature review methodology and examines 42 relevant publications to identify key areas where blockchain technology can be applied in HRM. The findings reveal several crucial applications of Blockchain in HRM. Firstly, blockchain technology can effectively prevent interview fraud and enhance the reliability of the recruitment process. Secondly, it can improve training and certification processes, address pay equity issues, ensure fair performance evaluations, and facilitate employee relations. These applications are vital in enhancing the efficiency and accuracy of HRM practices. However, the study also highlights certain management concerns related to adopting blockchain technology, such as management's commitment, stakeholder collaboration, and data breach risks. Building upon these findings, a comprehensive discussion is initiated, summarising the contributions and critical findings of the research and emphasising the potential advantages of integrating blockchain technology into HRM. Additionally, the study examines the contributions made by existing literature and proposes directions for future research. Finally, a research agenda is put forth to explore the effective implementation of blockchain technology in practical HRM.