BlockID leverages verifiable credentials to verify past and current employment

Resume fraud isn't unique to lower-level prospects/employees... 

Career Excuse is a widely used website that bluntly proposes fake job references. Their value proposition is clear: "Bad job references? Gap in resumé? Too many part-time jobs? fired? We can help!" The site also offers an employment verification service, so a current employer's HR department can call in to verify an employee's dates of employment, job title, and salary.

Resume fraud, attributed to corporate executives, deals mostly with grossly exaggerating or simply making up education credentials. However, it is not uncommon for a current executive to have excessively overstated a past job title or financial accomplishment.

In 2017, an Australian CIO posed as a previous employer during a reference check, in which she "gave glowing feedback" about her own performance. Naturally, in a pre-Covid world, the assigned HR employee didn't think of setting a video conference to check the executive's reference.  

Employment verification is time-consuming.

Here is an HR reality: To conduct previous employment verifications over the phone is time consuming with disputable or limited results, even if the process is limited to the validation of an employee's employment at a prior company in a specific role and for a specific period along with the reasons for leaving. 

Because employment verification is time-consuming, the process is often neglected and the consequences can be dire. Once an executive has been hired, like the Australian CIO, for example, and the hoax is finally discovered, the potential repercussions on the employer are multiple: stock price drops if the company is public, breach of trust with employees and customers, lengthy litigation, need to establish a new corporate culture with an ethical code, etc. And each one of those outcomes carries a cost.