The human resources sector is on the verge of a technological revolution. Yet, many enterprises need to catch up in adapting technology to their HR process. Mostly, the recruitment and HR processes continue to function on conventional systems. Therefore, from a contemporary technological perspective, legacy systems are usually unsafe and archaic. The process using legacy systems is unnecessarily elaborate as well. Job applicants and employees must fill out paper and online forms and email sensitive data copies. Sometimes, the original documents are brought to the workplace to take copies. The information is now accessible to firms and third-party providers. The cost and legal implications of hacks and data breaches surface as a challenge. London, UK-based Mintelium realized the underlying potential for growth within the scenario. Mintelium addresses this challenge with its innovative app. The technology-enabled approach to storing and sharing critical information belonging to the employees or applicants stems from a realization that the corporate world needs better HR policies and more secure and trustworthy ways to share HR-related documents. Conceptualized and initiated in 2022, Mintelium has been at the forefront of the HR technical evolution. As a result, the organization is the recipient of the ‘Global Livewire Award for Innovation in HR Technology in the UK.’
“Mintelium’s users can download our app to upload important documents containing personal data. These documents are further subjected to verification by government-approved partners, including Onfido and Yoti. The results of the verification will be published on the blockchain. Users will share this hash with the enterprise” explains Sashen Naicker, CEO of Mintelium. The immediate consequence is that sensitive information is not exposed, and HR professionals receive verified information. As a result, the on-boarding and recruitment process turns highly secure, and the entire process is much faster and easier. “Our decentralized technology can solve the compliance issue as the transactions on the blockchain are irreversible and immutable,” adds the CEO.
Mintelium has built a physical product that combines blockchain infrastructure and a verified decentralized self-sovereign identity wallet to achieve greater security and privacy. “We have shifted the onus to the worker regarding controlling and sharing their sensitive data. The process turns more efficient and safer as the data is not stored unnecessarily and litigation costs are less. Workers want to take back control and ownership of their sensitive data. Mintelium will lead this HR/Recruitment revolution with this innovative mobile app. The blockchain-enabled mobile app and the trusted transactions will ensure that the worker has a digital trail of everyone involved with their records,” informs Naicker. The product can be seamlessly incorporated with existing HRM/CRM platforms. Further, it is customizable. So, it is an enterprise-ready solution. The key features include authentication without a password, interoperability, and compliance. In other words, the data including personal information enjoys exclusive access to the user.
Mintelium has successfully addressed critical human resources concerns of enterprises. Here is an example of a scenario that leveraged the Mintelium approach to streamline its process and address its shortcomings. A global accounting firm was interested in leveraging technology to streamline its operation. In addition, the firm was interested in blockchain and its potential for businesses. The biggest obstacle was during the audit process. Various documents were to be scanned for identity checks on their client’s employees. Initially, the firm was reliant on manual, inefficient, and time-consuming processes. Mintelium incorporated its blockchain solution with some bespoke tweaks. The aim was to ensure a highly accurate, tamper-proof, and reliable audit process. The fundamental step was to incorporate the verified credentials of employees onto the blockchain. Consequently, it was an easy task for auditors to verify the transactions available publicly on the blockchain.