Improving the resume verification process of financial professionals using blockchain smart contracts

Abstract

Traditional verification of professional credentials is time-consuming, lacks formal interaction, and is forgeable. Therefore, unethical behavior may infect the profession as its membership grows. However, new technologies make accounting and auditing of resumes easier to compile and validate. Blockchain eliminates unethical issues by integrating members’ documents, qualifications, and credentials on a single platform for fast verification. Blockchain-based solutions automate membership application processes for speedy verification, reducing paperwork. The goals of this research are to show how accountants and auditors can meet local and international standards by using Blockchain, how regulators can build a secure and trusted platform to register and view members’ profiles for verification, how to maintain the integrity of exam-based qualification accreditation, and how to reduce fraud and falsification. This research analyzes Blockchain topologies and smart contracts to improve resume verification for financial professions. This research helps establishing an auditing and accounting Blockchain architecture to authenticate professionals resumes and credentials.

Keywords: Blockchain technology; Financial professions; Resume verification; Smart contracts