The International Organization for Migration (IOM), a department of the UN, is working together with blockchain financial services company Diginex on a blockchain-based solution aimed at preventing the exploitation of migrant workers in Hong Kong.
According to a press release shared yesterday by Diginex, this new blockchain solution, dubbed International Recruitment Integrity System Self-Assessment for Ethical Recruitment (IRIS-SAFER), has been developed to be implemented into around 1,500 recruitment agencies based in Hong Kong.
Crypto’s underlying technology will allow recruitment agencies to make sure that all data records are genuine and have not been modified, which will boost transparency and visibility.
Giuseppe Crocetti, IOM China chief of mission, has said:
"Through use of IRIS-SAFER, agencies will first learn what are global ethical recruitment standards, then be able to demonstrate their progress and, ultimately, prove their commitment. With this project, we are drawing from IOM’s global work, through the IRIS initiative, and tailoring it to the specific experience of recruiting migrant domestic workers to Hong Kong."
This system will initially be launched in Hong Kong, however, it will be expanded to other countries in the future.
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