A Research on The Challenges and Opportunities of Implementing Blockchain Technology in Human Resource Management

Utilizing information technology (IT) in human resource management (HRM) platforms is a prerequisite for every business to successfully adopt and implement the Fourth Industrial Revolution (Industry 4.0). These methods are necessary to provide a fair, efficient, transparent, and safe environment. Successful implementation of these requirements may be facilitated by blockchain technology, which is based on a decentralized distributed ledger. The purpose of this study is to ascertain how blockchain technology is currently being applied in human resource management. Along with anticipated adoption barriers that can restrict its use, it also outlines possible opportunities associated with the implementation of blockchain technology in the field of human resource management. There are definite benefits when comparing the proposed system to the existing hiring practices. Thus, blockchain technology has also been widely used in human resources management. This essay will look more closely at and explore blockchain technology’s application potential in HRM. To determine the possible opportunities associated with the use of blockchain technology in the HRM domain as well as the expected adoption challenges that may impede its utilization, this paper analyses the findings of an empirical study that conducted one semi-structured interview with HRM experts. Both blockchain and HRM researchers can benefit from the study by using the potential suggested as a basis for future research and attempting to address the expected adoption issues.