In 2019 CET will be hosting the first global HR blockchain network. Initially, Australian companies that meet the Governance Committee criteria will be invited to join the network and transition employee data to the blockchain. CET will provide the platform.

Later in 2019 members of the network will be able to pass ownership of private and professional data to the individual and create an important milestone in HR data management and HR technology design.

Australian companies will be contacted during the first quarter of 2019 and invited to join the Trusted Global Network for HR data. If you are unsure if your company is eligible please contact blockchain@cet-hr.com

New HR Apps Store & a New Generation of HR Technology in 2019

As individuals take ownership of their data on the blockchain side during 2019, expect to see a new integrated generation of HR technology emerge and an HR Apps Store for company side business plug in applications.

CET has developed a standardised catalogue for interchangeable components and a Code Store to support custom development where a suitable off-the-shelf component is not available.

About Blockchain

Competitive Edge Technology is the world leader in bringing blockchain technology to the HR community

Blockchain is not a product - is it an architecture. To be successful blockchain must deliver three essential features. Standardisation, integration and trust.

Standardisation

CET has a background of participation in standards development, understands the need for data standardisation and is actively promoting international blockchain standardisation efforts.

Integration

CET developed the first HR database on the Salesforce.com Lightning platform that integrates with the IBM hyperledger Fabric blockchain platform. Data is extracted from current HR legacy systems, cleansed and then transferred to the blockchain environment using CET's patented process. CET provides the blockchain administrative services to companies to on-board and maintain HR data ready to pass ownership to employees or members of the company's workforce. For more information contact blockchain@cet-hr.com

During 2019 CET will be inviting HR software suppliers to join the HR Blockchain Integration Consortium and develop a version of their product for the multi-platform environment. Once data standards have been published products will be able to go direct to the CET blockchain via API gateways. In the meantime, products can integrate with the CET Salesforce integration object for data synchronisation with the blockchain. For more information contact blockchain@cet-hr.com

During 2019 CET will be working with organisations wishing to build a connecting blockchain network to support their new digital business model. Partners involved in data verification and claims validation are encouraged to build their networks from the ground up to connect with CET's founding network. For more information contact blockchain@cet-hr.com

CET is working with world leaders in blockchain technology to deliver the best outcome to the HR community.

Trust

The ultra-secure capabilities of blockchain technology are well known. The Trusted Global Network for HR data is built on a permissioned blockchain and membership is by invitation only. CET is forming a Governance Committee to oversee the design of membership rules and ensure the integrity, ethics and data privacy principles applied to membership rules.

Data on the company side is subject to country regulations, including GDPR for the European workforce.

Salesforce.com security is industry best practice and the new Salesforce Shield technology is aligned to the encryption and key controls that blockchain technology has built its reputation on.

IMPORTANT MESSAGE: Blockchain technology for HR will never happen if we wait for every employee to load their own data. There are varying skill levels, technology access and available time. To make blockchain a reality personal data must be loaded into the blockchain by the company, on the employee's behalf, and then ownership transferred to the employee. They will have the ongoing control over who sees what data and when they move to another employer they simply open access through their controls to their new employer. But that will not happen unless data is pre-loaded for the individual from currently held HR databases. CET provides the enabling technology and data transition service to accelerate progress and prepare the companies and their workforce for the new blockchain economy.

Keep in mind, when an employee joins a company now, and fills in an application form, they do not ask "what HR system is my data going to be loaded into?". Most employees would not know, or even care, what systems are used to store their personal data. So, blockchain is not a departure from current practices: It is simply a step in digital transformation that will impact almost every area of our life in the future.