Abstract
The article is devoted to the study of the prospects of using technology of blockchain, which allows you to consolidate information about transactions in a system of record chains distributed among users. Labor relations are one of the most widespread and regulated forms, which requires the provision of guarantees for entities. It is blockchain that can be the technology that will significantly change the world of work, save it from routine operations, formalization, losses, and costs that do not create value for the subjects. To identify the prospects of this technology a corresponding study was conducted. To understand the development prospects, we conducted a series of in-depth interviews with experts in the field of blockchain application, which allowed us to identify key obstacles, conditions for the success of implementation, the effect of the application in the field of labor relations. The study showed that at present under existing unstable conditions, subjects cannot clearly define the “rules” of relations and follow them for a long time. It is necessary to train all subjects of economic relations in the basics of the digital economy, IT technologies, and only after that proceed to the implementation of the blockchain in mass relations.
Highlights
In recent years, digital technologies have become one of the imperatives for the society and economy development
Despite the active introduction of digital technologies in all areas of public life, their capabilities, advantages and disadvantages in relation to the sphere of labor relations have not been studied enough, and the implementation is linked with a large number of issues
The digitalization of processes in these areas, based on encrypted and secure blockchain chains which are filled in accordance with the system of rules and algorithms, in the perspective eliminates the need for many traditional tools for recording various aspects of labor relations: employment contracts, employment books, traditional remuneration systems, certificates of education, etc
Summary
Digital technologies have become one of the imperatives for the society and economy development. The digitalization of processes in these areas, based on encrypted and secure blockchain chains which are filled in accordance with the system of rules and algorithms, in the perspective eliminates the need for many traditional tools for recording various aspects of labor relations: employment contracts, employment books, traditional remuneration systems, certificates of education, etc These areas of digital technologies’ use in the system of labor relations have not yet been covered by research works (despite the interest in the topic of blockchain and the increasing number of publications in Russian and foreign journals, there are no published works about blockchain and labor yet, despite for the availability of applied projects in this area), which allows to seize the initiative in local science, and to form a new concept that can become the basis for transforming the system of labor relations in the digital economy
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
