Digitizing of regulative mechanisms on the masterchain platform for the individualized competence portfolio

Abstract

The knowledge economy requires new flexible approaches to standardization and certification. The labor market needs to define clear criteria for the competence of graduates as potential employees and participants in the business community. The requirements of employers for the skills and competencies of job candidates are reflected in vacancy announcements. The analysis demonstrates significant differences between the description of the functional roles at the workplace, given by the business, and the content of both professional and educational standards, approved by the State. The professionalizing of education requires the development of a flexible system of formulating the competences that are necessary for innovative growth of the economy, which would reflect the business' needs in the human resource and would allow the most accurate provision of opportunities for individuals' self-realization in the talent management system on corporate, regional or global level. Masterchain platform is developed in Russia as a model of distributed data, as a reliable and flexible system to record events (e.g., a register of property rights or the diploma' issuance) seems to be a convenient regulatory mechanism to harmonize the expectations of enterprises and personal interests of individuals. The paper examines the possibilities to put into operation the Masterchain platform and to form on its basis a business intelligence system to analyze and harmonize the competencies required by employers and reflected in their vacancy announcements with the individuals' personal talents and interests presented in the portfolio.