Hashcash plans to make major changes in the human resource department in the organization. After the announcement of a new development centre in Dubai, Hashcash plans to create a decentralized platform which will ease the hiring process.
A New Approach For The HR Department
Hashcash is a blockchain development company, which works on cutting edge technology and provides solutions to its clients. The company has planned to decentralize their HR department, a huge step to take forward for the HR core team.
The local development centre intends to make its hiring decisions from all its sectors with the help of the decentralized system. Blockchain pioneer and CEO of HashCash consultants, Raj Chowdhury stated that this initiative will reduce the rounds of personal interviews and reduce the time taken during the recruitment procedure. The new technology will help the business heads from different development centres to recruit candidates on the basis of local and current requirements for different locations.
Benefits of a Decentralized HR Department
With the recent developments in Hashcash, at this stage, the higher management has taken the decentralized HR department as the best approach. In the new decentralized HR system, each development centre can issue payroll checks rather than wait for the central headquarters to dispatch them. This will help the companies to issue the paychecks sooner, and the employees will also receive it early if the check deposit is closer to their banks. The local business heads will also gain more control and power in terms of appraisals and recruitment.
HashCash Consultants: Recent Developments
Hashcash has seen huge growth in the previous years. The company is recognised in the international crypto market after providing white label products like exchange software. At present, the company is offering a flat 50% off on its white-label products. The company announced launching a new office in Dubai and creating a development centre to extend its reach. Within a few weeks, the company acquired a two-acre property in the Bengal Silicon Valley Tech Hub. It is a popular tech hub in Kolkata, where Hashcash is planning to build a Hashcash park. The company is also planning to increase its employee strength and is currently on a hiring spree and looking for hundred new employees across various departments.
In Conclusion
Blockchain pioneer and Hashcash founder Raj Chowdhury state that decentralized human resources are a local policy blended with laws, ethics, and territorial norms. The role of HR will not be any different from the centralized system. The only variation is that it would appear in the role of HR. The local administrations will characterize the system and follow a comparable format across different locations. The only difference will be levied as per the regulations applied by jurisdictions.
Source: https://finance.yahoo.com/news/hashcash-adopt-decentralized-human-approach-070000821.html
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