Blockchain Potencials in Enterprise Skills Tracking
In August 2107, James Dimon, the CEO of JP Morgan Chase, and Marlene Seltzer, the CEO of Jobs for the Future, published a primer titled “Closing the Skills Gap.” In the primer, they argue that although nearly 11 million Americans are unemployed, 4 million jobs are sitting unfilled, demonstrating the gap between the skills that job seekers have and the skills the market needs.
In a fast-paced, ever-evolving economy, some positions always remain unfilled even in instances where some citizens are unemployed. According to Politifact.com—a fact-checking site that rates the veracity of statements—the current ratio of vacancies to jobless workers is far below average.
Meanwhile, many studies have found no correlation between inadequate employee skills and high rates of unemployment. Despite the U.S. economy and job growth being steadily on the rise, many organisations are actually finding it difficult to hire or promote skilled workers.
Today, there is not a single organisation in the world that knows with certainty the skills their employees possess or those skills that they need.