Every day millions of business transactions occur between vendors, partners, and consumers. These transactions not only include money, goods and services, but also data. Blockchain is a method businesses use to make these exchanges more secure and more efficient.
beepnow uses blockchain to ensure an employee’s work experiences, performance evaluations and other information are accurate. Using blockchain for a human resources application is revolutionary and has even been recognized by the Massachusetts Institute of Technology.
By using AI, an employee’s performance is scored on a 1,000-point scale. These points are calculated per the comments received from his/her manager and colleagues. Thanks to language processing, the virtues of an employee, such as certain personality traits and attitudes toward work, are described by comments and analyzed, transforming them into a quantitative evaluation using the 1,000-point scale.
Employee data such as performance evaluations and attendance records are then securely stored via blockchain, ensuring the credibility of this information.