Despite widespread fraud, recruiters are discouraged from verifying qualifications. 200,000 fake certificates are produced every year and 58% of people lie on their CVs. Yet, 1 in 4 UK firms avoid background checks because they are expensive and can take up to four weeks. Indeed, most universities still use manual processes when assessing authenticity of a degree claim. By avoiding these checks, recruiters run the risk of hiring the wrong candidate which can cost thousands of pounds and cause reputational damage.
To tackle these issues, Gradbase guarantees that anybody, anywhere can instantaneously verify your true qualifications stated on your CV. Issuers (e.g. universities) upload on the Bitcoin Blockchain their records (e.g. student diplomas) via Gradbase, and provide record holders with a QR code to access their records. This QR code can be included on CVs and LinkedIn profiles for employers to scan and instantly verify the qualifications stated by job applicants.
Gradbase delivers value to all stakeholders: universities no longer have to encounter the administrative effort of replying to employers’ verification requests, employers themselves cut the degree check from 4 weeks to 4 seconds and make to cheaper too, meaning checks can be performed more extensively and at an earlier stage of the hiring process. Finally honest candidates are a lot more competitive on the job market.