Tokenizing The Workforce for a New Digital Age

Published on
April 30th, 2021
Duration
51 minutes

Elrond: Building a Transparent Financial System for the Global Economy


Tokenizing The Workforce for a New Digital Age

The Interview - Crypto ·
Featuring Kennon Kincaid and Raoul Pal

Published on: April 30th, 2021 • Duration: 51 minutes

Kennon Kincaid, COO of Odgers Berndtson, joins Raoul Pal, co-founder & CEO of Real Vision, to discuss his background in national security, his journey into crypto, and how blockchain is disrupting executive search. When Kincaid joined Odgers Berndtson, he was tasked with considering how to disrupt an industry that has not changed in 60 years, which caused him to think about people, information, data (redundant?), and how it is used to identify the best talent for a role. Kincaid states that blockchain technology in particular will play a very important role in the future of talent acquisition, and Kincaid aims to position Odgers Berndtson as a leader in that field. With today’s level of data and insights, applying learnings to the blockchain can empower greater decision making at the highest level of advisement. Filmed April 26th, 2021.

Key Learnings: According to Kincaid, it is estimated that 60-70% of applicants lie or omit information from their resumes. He considers how tokenization of applicants and the application of this process on a blockchain can simplify executive search by cutting down on the time spent vetting and actually finding the top applicants for any role. Kincaid believes that, through this process, one will have immutable aspects of everyone’s CV, which in turn will allow talent to have greater power over their information with the ability to monetize in a transparent and clear way. Kincaid states that, through the tokenization of oneself, one is creating a base layer of truth that ultimately will drive value to the space.