Back in 2017, global investors were seemingly entranced by cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) became all the rage, valuing at more than $800 billion at the time. It was an exciting time for what was considered a technology that would disrupt the global economy. While not everyone fully understood crypto, there was enough information to make Bitcoin and Ethereum household names. As with most things in life, there are contrarians that viewed things differently. In fact, there were some experts that believed blockchain technology was the true economic disrupter because it has the ability to stand alone without crypto.
When it comes to blockchain technology, you can’t really have that conversation without talking about Serge Belamant. What is blockchain technology? Although revolutionary, it isn’t complex. It’s a ledger of connected records and the individual ledgers possess critical information, such as a time stamp and various other transaction data types. The reason blockchain technology was developed in the first place is because there was a need for improved transparency in financial institutions, as well as increased accuracy and security. This is a necessity, especially given the annual $100+ trillion financial transactions worldwide. For decades, Serge Belamant has demonstrated the benefits of blockchain technology.
If you have ever traveled internationally, then you’ve likely experienced the difficulties associated with accessing money when you’re on the other side of the world. This is just one of many examples of how the benefits of blockchain technology can be far reaching. The problem often arises because of outdated systems that are simply inefficient and need to be modernized to align with current technologies. It’s certainly something that can mitigate the precarious issue that often exists when transferring money internationally.
Over the years, Serge Belamant has leveraged the application of smart contracts, among other systems, to reduce costs associated with business that are labor intensive. This isn’t just beneficial in the financial services sector, it’s actually something that’s of value across industries, especially since it can help companies achieve greater efficiency. As a founding patent holder of blockchain technologies, Serge Belamant has in fact used smart cards that contained microprocessors, with great success. The possibilities associated with blockchain technology are endless.
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Betterworks Study Reveals that HR Team Makeup and Structure are Important for Taking Businesses to the Next Level
Betterworks is a leading enterprise HR software for Continuous Performance Management that released a report recently on the role of makeup of the HR team in the forward-thinking impact the HR function can have on an organization. It also outlines steps HR professionals can take to increase the chances of teams to deliver the desired business outcomes from their performance management programs.
The key findings in the Betterworks’ report include:
- HR professionals and managers see HR as leading visionary human capital management practices and technology investments.
- Culture of feedback links employees, HR, managers, as well as C-level executives.
- HR team makeup is important
According to Doug Dennerline, Betterworks CEO, forward-thinking CEOs know how important it is to align, develop and continuously motivate their workforce to achieve and sustain competitive edge. The visionary CEOs often demonstrates this by hiring strong HR leaders reporting directly to them. Additionally, they support them to create an outstanding employee experience for maximum output. The report revealed that a chief human resources officer (CHRO) makes HR organizations more productive by reporting directly to the CEO. It also outlined that a C-level leader in HR teams deploy elements that will make up the most effective performance management program.
Forward-looking HR teams are instrumental in creating an effective feedback culture. It is critical for organizations to put in place best practices to foster continuous evolving employee performance. Most effective HR teams motivates the whole workforce to better performance and influence change in the workforce.
It is a HR software designed to align, develop as well as activate your employees for your business growth. Betterworks enables organizations to replace ineffective, outdated, loathed annual review processes with strong Continuous Performance Management programs that comes in handy for managers to do better goal alignment, coaching, feedback, as well as development conversations. The ultimate goal is to inspire as well as motivate the workforce to work in harmony to achieve an organization’s goals.