Visible to the public Decentralized Labor Record System Based on Wavelet Consensus Protocol

TitleDecentralized Labor Record System Based on Wavelet Consensus Protocol
Publication TypeConference Paper
Year of Publication2019
AuthorsTanana, D.
Conference Name2019 International Multi-Conference on Engineering, Computer and Information Sciences (SIBIRCON)
Date PublishedOct. 2019
ISBN Number978-1-7281-4401-6
Keywordsblockchain, blockchain based labor record systems, blockchain based system, blockchain solutions, Companies, consensus protocol, contracts, decentralized labor record system, directed acyclic graph system, directed graphs, Employment, employment conditions, employment data, Human Behavior, human trust, Internet, job market, labor market problems, labor record, labour resources, Portfolios, pubcrawl, recruitment, smart contracts, Turing complete smart contracts platform, wavelet blockchain platform, wavelet consensus protocol

The labor market involves several untrusted actors with contradicting objectives. We propose a blockchain based system for labor market, which provides benefits to all participants in terms of confidence, transparency, trust and tracking. Our system would handle employment data through new Wavelet blockchain platform. It would change the job market enabling direct agreements between parties without other participants, and providing new mechanisms for negotiating the employment conditions. Furthermore, our system would reduce the need in existing paper workflow as well as in major internet recruiting companies. The key differences of our work from other blockchain based labor record systems are usage of Wavelet blockchain platform, which features metastability, directed acyclic graph system and Turing complete smart contracts platform and introduction of human interaction inside the smart contracts logic, instead of automatic execution of contracts. The results are promising while inconclusive and we would further explore potential of blockchain solutions for labor market problems.

Citation Keytanana_decentralized_2019