Employee background verification
Blockchain platform for sharing and monetizing employees background verification data.
Just as "bad" customers pose a huge threat to the financial and capital markets, "bad" employees pose a massive threat to employers (companies, Government agencies, organisations). Employers use background checks to make informed placement decisions, retain the most qualified candidates, and mitigate the risk of selecting the wrong candidate. This minimizes workplace violence, fraud, embezzlement, and theft. [Source: National Association of Professional Background Screeners]
An analysis of data compiled by the Reserve Bank of India has revealed that on an average, at least one banker is caught and punished for involvement in fraud every four hours. According to the data, as many as 5,200 officials of public sector banks have been punished for fraud between January 1, 2015 and March 31, 2017. [Source: Outlook India]
Primechain-EMPLOYEE is a blockchain that allows trusted employers to share employee records in a transparent, secure and confidential manner. These records can be used by trusted employers to conduct comprehensive background checks of new employees at a fraction of the current background verification cost. Today, employers spend money on employee background verification. With Primechain-EMPLOYEE, employers can turn this from a cost into a revenue stream.
For details on codes, see:
Under what mode is this project available to Bankchain members?
What are the costs for customization / integration?
This depends upon the scope of customization / integration required. Please email us the details on firstname.lastname@example.org
Can we hire a third party vendor to do the customization / integration?
Does Primechain offer SLA / commercial support for this solution?
What are the hardware requirements to run this project as a pilot / PoC?
3 servers with the following minimum configuration: 32 GB RAM, 16 core processors, 256 GB disk.
What are the hardware requirements to run this project commercially?
7 servers with the following minimum configuration: 32 GB RAM, 16 core processors, 256 GB disk.
1 server with the following minimum configuration: 32 GB RAM, 16 core processors, 1 TB disk.