preparing for a new economy by matching skills to appropriate job

Preparing for a New Economy by Matching Skills to Appropriate Jobs

Preparing for a New Economy by Matching Skills to Appropriate Jobs

Many companies have shifted their focus in recent years away from a candidate’s academic credentials and toward their demonstrated ability and skills to do the job.

The problem is that it is often unclear which abilities an individual actually possesses. Even if you look at a person’s resume, work history, skills and social media profiles, you should keep in mind that the data you see there may be incomplete, false, or misleading. Most people are making honest attempts to present their abilities. This, however, is challenging due to the absence of clear guidelines on what constitutes evidence of skills attainment.

As examples of attainment, consider becoming a licenced veterinarian after passing a proctored exam, being asked to work as a graphic designer on a project by your co-workers, or even simply knowing that you are an accomplished baker. Therefore, we infer abilities from a wide variety of sources, but as skills grow in importance, we need methods to verify them on a large scale.

In many cases, businesses are unable to hire new employees because they simply cannot locate candidates with the required set of abilities. We need a trustworthy method of identifying and verifying people’s actual levels of competence. Even with AI scanning hundreds of applications, it can be difficult to determine which applicants’ talents are most relevant to specific openings because of the applications’ disorganised format. In many cases, neither the application materials nor the job descriptions are written in a way that is clear, useful, or easily connected with the talents that would guarantee employment success.

Partnering for job seekers and employers by Matching There Skills.

partnering for job seekers and employers

If the test runs smoothly, the next stage will be to build a national, blockchain-enabled portal where people can post their validated talents for easy access by hiring managers. The process of assisting students and workers in securing high-demand employment will be streamlined through this platform.

Receiving credit for your abilities.

This style of hiring makes it difficult for people to get jobs, especially if they did not go to well regarded educational institutions. They need a neutral method to highlight their best qualities as job seekers. Candidates for employment should be given full credit for relevant coursework completed through non-traditional means such as the Internet.

People also need an easier way to figure out what kinds of training they need to land the jobs they want. A smooth transition from one job to the next is not always possible. Occasionally, it’s desirable to switch careers, reorganise one’s skills set, and acquire some fresh expertise. They frequently morph into similar forms, but occasionally take novel approaches. If you’re wanting to make a substantial change in your career, a platform or app that shows you what abilities & skills you’re lacking and where you can learn them would be a game-changer.

Major institutions have banded together to address this issue. The marketplace for talent is hampered by a great deal of red tape and inefficiency. We can streamline this procedure with the use of modern technology. We think a blockchain-enabled wallet is the best way to ensure that users’ credentials remain secure while yet allowing for frictionless sharing.

Designing a protocol for a digital wallet.

designing a protocol for a digital wallet

Building a reliable platform calls for a standardised set of information that can be sent between different systems. As of right now, we do not possess that. The data itself is a potential source of trouble. There are few universally agreed upon standards that specify what this learning and employment record should look like, making it difficult for one organisation to share the information with another. There have to be criteria & skills for applying and for the roles itself. And, for technology to do its thing, everything must be machine readable.

The blockchain architecture, which provides both security and anonymity, will be used to create the record. A person’s education, credentials, and abilities may all be verified in one central location. They will have access to the information and the ability to decide how it is shared, but neither they nor any third party will be allowed to alter the data in any way. Essentially, everyone will have a digital wallet that stores their professional and academic information and can be shared with whoever they want, whenever they want.

How exactly would that function? Imagine you are one of the many people who lost their jobs in the restaurant business after the virus hit. The money in your bank account is a reflection of the talents and experiences you possess. Suppose you’re interested in a career in technology. The wallet can be instructed, potentially via an app on your phone. After determining that you already possess 30% of the necessary skills, it may recommend a few courses of study to help you get the remaining 70%.

Jobs with new collars for a new economy.

The hope is that once you’ve completed your training, employers will begin to approach you. You will have exposed your qualifications and Skills to potential employers via a searchable database while maintaining your anonymity, of course. By combining information from many private databases, blockchain technology paves the way for secure data sharing without compromising users’ privacy. The origin of data stored in a blockchain, together with details about who provided the data, is permanently recorded and cannot be altered. Since each block in a blockchain is immutable and there could be millions of them, the information stored there is secure. It can’t be altered in any way, making hacking practically impossible.

There is a critical lack of personnel in several industries at the moment. It’s becoming increasingly difficult to stay up with the ever-evolving job market. While the shift toward a knowledge- and Skills based economy was already in motion, the epidemic has accelerated it. We need to ensure that individuals who are less able to access or more comfortable with technology are not left behind, and that it functions and respects privacy.

For the better, we think this is a truly revolutionary application of technology. It’s crucial, and we need to act immediately.

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