DENVER, Dec. 02, 2020 (GLOBE NEWSWIRE) — Today, some of the biggest names in human resources and education technology, staffing, contingency workforce and employment screening announced a critical industry milestone, demonstrating their seamless integration to the blockchain-based Velocity Network, to innovate with diverse use cases through verifiable career credentials that accelerate learning, education and career pathways for students and workers. This marks the culmination of months of collaboration, following the public announcement of the Velocity Network Foundation launched in January of this year.
The Velocity Network is an open source, vendor-neutral platform governed by a collaborative, democratic, nonprofit foundation—the Velocity Network Foundation. It is through this ecosystem that industry leaders from across human resources and education technology are building a globally accessible, trustworthy Internet of Careers™.
Members are interacting through their software and the Velocity Network to demonstrate how self-sovereign digital credentials transform experiences for students, the workforce, and for businesses. This group includes: Cisive, Cornerstone, Credential Engine, Economic Modeling (EMSI), HireRight, Korn Ferry, Oracle, Randstad, Relias, SAP SE, SumTotal Systems, and UKG (Ultimate Kronos Group).
“We are involved in many initiatives focused on delivering self-sovereign credentials to individuals,” said Deborah Everhart, Chief Strategy Officer at Credential Engine. “The Velocity Network is a remarkably advanced ecosystem that puts learners and workers at the center, empowered by its framework for technology, compliance, and governance. Working in conjunction with the Velocity Network Foundation, we have a clear path to enabling millions of employers, educational institutions and individuals to link to open data and the tools needed to use that data effectively in education and employment processes.”
You can view a demonstration of the Velocity Experience Center to learn more about this important work and sample use cases. For example, you can see how Yann Martin uses the Velocity Network—by accessing Relias credential information added into the Credential Registry using the Credential Transparency Description Language (CTDL)—to find and obtain a certification required for a new job. By mapping credential data to the CTDL and making data available in the Registry, Velocity Network allowed Yann to better understand what the credential means for him: how it impacts his career aspirations, where he can get it, and the competencies he will attain. You can also view how Olivia Hafez has used the Velocity Network to advance along her career path in the healthcare industry. As these examples demonstrate, the future of career pathways for education, training, and employment is here!