Integrating Blockchain Technology to Populate Gig Workers into Human Capital Management of Indian Organizations

R. Kiruba Nagini (), R. Venkatesakumar () and S. Riasudeen ()
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R. Kiruba Nagini: Pondicherry University
R. Venkatesakumar: Pondicherry University
S. Riasudeen: Pondicherry University

A chapter in Sustainability in the Gig Economy, 2022, pp 267-281 from Springer

Abstract: Abstract Industrial Revolution 4.0 has introduced highly useful technologies, which are yet to find their full-fledged utilization. One such technology is Blockchain, which is widely used in banking and finance sectors presently. The basic structure of blockchain is a distributed database system, powered by strongly encrypted network security systems, which can be used to implement numerous other secure systems. This study proposes to integrate blockchain technology into a human capital management system, where the human resource managers, the governmental bodies, the aggregators, the certifying bodies, and the freelancer or a gig worker are the stakeholders. This study is a conceptual model that will help a government body in policy making regarding employment issues. Upon implementation, this system will be beneficial to the society where unavailability of human capital could be tackled with gig economy. The system encompasses various technical and social factors that need to be built in a nation as a part of the social infrastructure. Such integrated systems will prove to be the backbone of any technologically empowered country. Where the nation has a vast population, it may take time to implement, but once implemented, it will become a basic infrastructural necessity implemented successfully.

Keywords: Blockchain technology; Gig economy; Human capital management (HCM); Industrial revolution 4.0; Talent sourcing (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8406-7_20

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DOI: 10.1007/978-981-16-8406-7_20

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