A New Learning Credential Blockchain To Help Bridge The Skills Gap

By Author: kalvigroup
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The capability deficit is one of the biggest challenges facing the world's labor forces. A recent study by the IBM Institute for Business Value found that in the next three years as a result of AI-enabled automation, more than 120 million employees in the world's 12 largest economies may need to be retrained or retrained.

Governments and the private sector have pursued a variety of measures with varying degrees of success in addressing this daunting challenge. One of the most common was the coding of boot camps and other technical training programs that allow students to pursue tech careers without a conventional four-year degree. At the same time, many of the biggest employers in the world have abolished criteria for graduation. For IBM alone, there was no college degree earned by 15 percent of domestic hires in 2017.

Furthermore, students themselves drive change by demanding self-sovereignty, managing their own information on education. And better proof of return on investment by a degree. Demand for non-traditional "micro certificates" is on the rise for these reasons and more.

Today, on the IBM Blockchain ...
... Platform, a group of leading academic and professional organizations has released a platform to learn credentials. The project also uses blockchain technology in its early development to create a permanent, verifiable database of certifications and credentials for training and skills. Today, on the IBM Blockchain Platform, a group of leading academic and professional organizations has released a platform to learn credentials. The project also uses blockchain technology in its early development to create a permanent, verifiable database of certifications and credentials for training and skills.

Why BlockChain Approaches a Rising Job Market?

The overall goal of the partnership is to help reduce the skill gap by using a learning blockchain certification service that streamlines the increasingly complex and inefficient talent marketplace. Today's job applicants face a tangled web of career opportunities, and it's not always easy to identify avenues to advancement. The need for specialized skillsets has made it more difficult than ever for employers to find the right employees. This certainly does not help that in the U.S. alone there are around 738,000 unique credentials, and that 30% of companies have reported cases of resume fraud.

The project seeks to address these issues by developing a learning credential blockchain that enables tamper-evident, virtual credentials to be created and distributed. This will not only substantially mitigate the risk of resuming fraud, but also make it considerably easier for companies to find promising candidates and academic institutions to handle the tremendous increase in demand for training qualifications while allowing job seekers to map their career paths more holistically. The consortium's founding partners represent a variety of academic and professional organizations:

• The non-profit National Student Clearinghouse is the leading source of educational validation, monitoring and other data-related services to over 3,700 colleges and universities in the United States.

• The Central New Mexico Community College serves over 23,000+ students and is an early innovator in the blockchain space for learning credentials.

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