Blockchain as an Imperative of Labor Relations Digitalizing

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.