IBM Introduces Blockchain Credentials Network for Educational Institutes

Asia Blockchain Review
December 9, 2019

IBM has introduced a blockchain-based credentials network that will allow college graduates to provide transcripts to prospective employers using the secure platform, with Central New Mexico Community College to be one of the colleges participating in the program.

Storing Education Credentials on Blockchain

According to IBL News, graduates from Central New Mexico Community College will be able to send their academic transcripts to employers without getting in touch with the college registrar.

The system is currently under development and once it is operational, students and graduates will be able to decide what information to provide to recipients by themselves.

The program is under IBM’s Learning Credential Network that aims to improve the hiring process and verify transcripts and certificates acquired by students. 

Meanwhile, an IBM study has revealed that new technologies such as artificial intelligence may become a huge driving force for workers to retrain their skills within the next three years. To address this issue, a consortium of institutions in the United States is working on a platform that will store education credentials on a blockchain. 

Members of the consortium include the National Student Clearinghouse, Ethos Veterinary Health’s VetBloom and Central New Mexico Community College.

Corporations Develop Career-focused Platforms

Apart from this initiative, IBM has taken part in the Job-Creds credentials project with blockchain firms Sovrin and Workday. 

In November 2019, Workday also announced that it had developed a blockchain-based qualifications platform that targets those looking for jobs.

Moreover, professional services provider PwC has launched the Smart Credentials program that can detect false resumes, while other major organizations such as Deloitte and U.S. Homeland Security have reportedly been developing platforms to verify the credentials of its applicants.

Source: https://iblnews.org


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