SINGAPORE, May 28, 2018 /PRNewswire/ -- Peoplewave, a Singapore HR tech firm and the first of its kind in Asia, is throwing down the gauntlet to global HR giants and job boards such as SAP, Oracle, Workday, LinkedIn and Monster. The HR industry is overdue for disruption and Peoplewave will fundamentally transform the industry by harnessing the power of blockchain technology with their new platform, Wavebase.
"Hiring people is guesswork. Employers traditionally have to rely on resumes and their intuition to determine the fit of the candidate during the hiring process. Wavebase will allow employers to make faster and better hiring decisions by providing them with authentic and transparent performance and employment information," said Damien Cummings, CEO of Peoplewave.
Leveraging blockchain technology, Wavebase will establish a decentralised database of accurate and verified performance and employment information. The adoption of blockchain technology ensures that such sensitive information remains immutable and secure.
As a result, employers will possess an unprecedented ability to evaluate a potential candidate based on actual, verified credentials and past performance, or even utilise the information right from the start for targeted searches of suitable candidates.
For the first time, employees will get to own their own performance data. Traditionally, performance data is held by the company. When an employee leaves the company, all they are provided with are payslips and reference letters, which do not properly represent their capabilities and achievements. Performance data is valuable personal information and Peoplewave wants to place control back in the hands of the employee.
When asked about Peoplewave's ambitions, Cummings shared, "Peoplewave is growing fast and changing the game for HR leaders and employers. We plan to be the biggest company in HR on the blockchain and to absolutely disrupt how people use and benefit from employee performance information -- revolutionising recruitment, background checks, onboarding, performance reviews, employee development, and people management."
Details on Peoplewave and its products can be found at peoplewave.co.
Peoplewave is Asia's leading blockchain-ready HR software company. It is revolutionising hiring and people management with data-driven, transparent feedback and verified performance data on its blockchain platform, Wavebase. Peoplewave offers 3 key products -- the "First 100 Days": a new hire onboarding tool; "Performance Wave": continuous 360-degree performance appraisals; And the "HR Command Centre" analytics suite, which unlocks employee data and insights.