NGA Human Resource Pilots Blockchain In HR And Payroll Processesbr>
HR and payroll services firm NGA Human Resources is piloting a blockchain platform to raise the chain of data trust in its services.
Headquartered in the UK, NGA HR provides technology solutions and services for human resources management worldwide. It offers workforce management, time and attendance, talent administration, and people analytics, as well as local, regional, and global payroll services.
In its announcement, NGA HR said that it has been piloting a blockchain platform developed by Gospel Technology, a blockchain-based inter-enterprise data collaboration firm. The blockchain pilot, which will continue to run until March, enables the proof-of-value (PoV) to be established by NGA HR, with the potential to add the platform as the unprecedented infrastructure layer of data access and security to its BPO payroll services.
According to the company, blockchain technology has the potential to raise the chain of data trust in NGA HR’s services to an unprecedented level.
“The greatest risk to any business is a data breach. Failure to protect Personal Identifiable Information (PII) can literally ruin an organization’s reputation overnight,” said Andy Monshaw, CEO of NGA Human Resources. “It’s for this reason that we’ve spent the past year looking at the potential integration of blockchain into our BPO HR and payroll services, as well as our internal processes. It’s absolutely key to our business that we can give our clients and employees the assurance they need that their data is secured in the most trusted environment possible.”
The Gospel Technology Enterprise Secure Data Platform, built using Gospel’s own blockchain technology, ensures contextual access to PII, which means data can only be accessed by people authorized to view it, and only in the context of the relevant fields of information required to complete a process. In addition to reducing the possibility of human error, NGA HR is also exploring how the platform can enhance the user experience of employees in heavy volume data processing roles, including help desks and call centers.
Ian Smith, CEO of Gospel Technology, said that they believe the results of the pilot will demonstrate the business efficiencies, operating cost reductions and future proofing the Gospel Technology solution for the business world.
“In the NGA HR pilot, together we’ve proved that managing data correctly and contextually significantly reduces the attack surface of an organization. This is because data can only be seen by the right person, for the right reason and every data transaction (attempt, read and write) is recorded within the blockchain, providing immediate visibility and response of any intent to breach. Mitigating data breach costs and reputational damage.”