Andy Spence, founder of Glass Bead Consulting, expects blockchain to transform the HR function in three waves. The first will resolve fundamental issues with recruitment, namely identity management and verification of credentials by querying prospective candidates’ black boxes, and payment in nearly real time for output or time worked. The second will provide benefits in the broader talent ecosystem and reduce the number of full-time employment contracts. In the third, he envisages “technology sourcing and executing work projects by bringing in workers and services autonomously.”101
