SSRN Id4366994
SSRN Id4366994
Anuj Dhingra1*,Varun Negi2, Aman Chauhan3 , Dr. Sandeep Tayal4, Mr. Yogesh Sharma 5
1,2,3
UG Student, Dept. of Computer Science And Engineering, Maharaja Agrasen Institute of Technology, Delhi, India
4,5
Assistant Professor, Department of CSE, Maharaja Agrasen Institute of Technology, Delhi, India
Abstract - Many individuals make claims about their skills, which are often accepted as truth by organizations. This can
result in significant financial losses for companies that hire individuals with fake qualifications or the wrong skill set. To
address this problem, a skill verification system using decentralized consensus can be implemented to validate skills in
an objective and transparent manner.
Using blockchain technology, this system can greatly reduce the time and resources spent by recruiters on competency
and skills checks. It also increases confidence and productivity among management within an organization. By
recording and verifying skills on a secure and accessible network, employees are able to provide evidence of their
abilities that have been officially approved or endorsed by their previous managers or certificate providers.
A blockchain-based skills chain for employees also ensures transparency and accountability in the development of their
abilities. This can aid companies in making more informed hiring decisions and utilizing their staff to their fullest
potential for specific business requirements.
1. INTRODUCTION
Blockchain is a decentralized, digital ledger technology Blockchain is gaining awareness through its most well
that is the foundation of digital currencies such as known application called Bitcoin. These are used in
Bitcoin. It is a database that records and tracks all exchanging digital currency on the internet. For
transactions and online activities in which multiple successful transactions over the internet using Bitcoin,
parties are involved. Every transaction is validated by the cryptographic evidence is used and a third-party is
network participants, and each record is stored in the removed from the process entirely [2].
ledger. This ensures that the data is accurate and Authorities often add user certificates first, after which
tamper-proof. The most widely known application of businesses or any other verifier can confirm the
blockchain technology is Bitcoin, which was first credentials using the user's Metamask Account Address
introduced to the world in 2008 through a white paper or certificate transaction ID. This ensures that none will
titled "Bitcoin: A Peer-to-Peer Electronic Cash System" be able to alter the data contained in a blockchain or add
authored by an individual known as Satoshi Nakamoto. new transactions with a backdate. The certificates are
Blockchain technology allows for a secure and afterwards verified using the created unique ID for each
transparent way to record and track transactions, making transaction. All firms are able to utilize this system to
it immune to manipulation or corruption. Any sale of give employee data and certifications more protection. It
something of value, such as real estate, buses, etc., may is possible to eliminate the issue of fraudulent
be documented on the blockchain [1]. certificates, and remove doubt about their validity [3].
4. ILLUSTRATIONS
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& Ethereum(Book) by Kevin Solorio, Randall Kanna & Challenges and Future Prospects”,International Journal of
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(AHP) in Enterprise E-commerce Website Evaluation", Papamanthou, Hawk: the blockchain model of
China Computer and Communication, no. 19, 2017. cryptography and privacy-preserving smart contracts, in
IEEE Symposium on Security and Privacy (SP) (IEEE,
[3] D. Kraft’s difficulty controlling blockchain-based New York, 2016), pp. 839–858,2016
consensus systems. Peer-to-Peer Network Application.
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System for Research Data Publishing and Verification. In
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Nath.Incentivizing effort and precision in peer grading. Distributed Systems (ICFNDS 2021). Association for
arXivpreprint a1, 2020. Computing Machinery, New York, NY, USA,
491–495.(2020)
[5] John Domingue and Mike Sharples. The blockchain
and kudos: A distributed system for educational record, [13] J. Liu, L. Li, L. Cheng, S. Qiu, W. Wang, X. Zhang,
reputation and reward. In the European Conference on Z. Zhang, Creditcoin: A privacy-preserving
blockchain-based incentive announcement network for