Workday co-founder and CEO Aneel Bhusri has been a success. He started the human resources technology company in 2005 and has grown it to a stock market valuation over $40 billion. His own net worth is valued by Forbes in the billions. He sees technology playing a big role in the success of all workers in the future. In particular, machine learning and the blockchain.
“Blockchain is a technology looking for a problem to solve. We found one to solve, which is credentials,” Bhusri told the anchors of CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, on Thursday.
“Employees can go from company to company and carry credentials with them in a private network. It can’t be edited by an outside source,” he said.
The blockchain would prevent the ability of job seekers to lie about their professional and educational histories, which has been a pervasive problem, even up to the level of CEOs, on platforms like LinkedIn and for background-check firms that work with hiring companies. Workday has a partnership with First Advantage for background-screening technology.
“Whatever information you want to carry ... it gives employees power over data,” Bhusri said. “Universities can also make sure that diplomas cited by job seekers are real.” FULL ARTICLE