Velocity Network Foundation is a non-profit membership organization that aims to build a next-gen data utility layer underlying the global labor market. The foundation focuses on reinventing how career records are shared across the global market using blockchain technology.

Velocity Network Foundation

The Velocity Network Foundation® is a non-profit membership organization hosting prominent labor market stakeholders from across HR Tech, Education Tech, gig and freelance platforms, contingency workforce, job search platforms, background providers, assessment processors, non-profit and multilateral organizations, employers, and educational institutions. These organizations came together to develop and deploy Velocity Network™, the Internet of Careers®, a next-gen data utility layer for the modern job market.

A digital public good, Velocity Network™, a purpose-built decentralized protocol and blockchain network that forms a public infrastructure for the exchange of verifiable, trusted, and globally interoperable career and education credentials. 

The Foundation is responsible for the governance of Velocity Network™ and the use of the Network by all involved parties. The Foundation is responsible for continuously building the rulebook, facilitating the provision of network services in a safe and compliant manner, and guiding the development of the decentralized protocols.

Kerri Lemoie, PhD recently published a blog titled "Do we need blockchain for LERs? No.” https://lnkd.in/dxb7TWBR
 
Velocity Network Foundation (VNF) respectfully disagrees.  
 
VNF has elected to utilize Distributed Ledger Technology (DLT) because of the advantages it provides to solving the current-world problems we see in the global labor market.
 
We invite you to read our response blog: LERs and Blockchain: Why, Where and How?  https://lnkd.in/dCRPiNDC

Velocity Network Foundation is delighted to share its key updates from the first half of 2024 with the broader credentialing ecosystem and openly invite your feedback and participation in our exciting work.

The recap includes the golden nuggets of “what you may have missed” as we work as a membership coalition to transform career credentials into digitized records that can be trusted, secure, private, compliant, and globally mobile.
 
Check it out at: https://lnkd.in/dQrpWZ4B

SOLO Network and Velocity Network Foundation are thrilled to announce the commencement of our collaborative integration for credential issuance.

After extensive mutual discussions and strategic product decisions, we have initiated the technical development required to bring this integration to life. This partnership will ensure seamless compatibility between SOLO Network and the Velocity Network protocols, enabling credentials issued on SOLO to be accepted by all Velocity-enabled wallet users and disclosed with all relying parties. 

This joint effort marks a significant advancement in our shared goal of enhancing credential accessibility and interoperability for our users.

Etan Bernstein Naomi Szekeres Sudesh Sangelkar Ramakant Samant 

#LER #credentials #SOLO #velocitynetwork #digitalcredentials #decentralizedidentity #credentialwallets

Velocity Network is recognized as one of the most advanced digital trust ecosystems for W3C Verifiable Credentials. Building on this foundation, the third article in Andres Olave three-part series concludes his exploration of the unique elements of Credential and Issuer Trust on Velocity Network.
In this last part, Andres answers the question of how a verifier can be sure an issuer is an authoritative source for the credential. He introduces the primary source and third-party (or notary) issuers and how that adds extra challenges to proving the reliability of credentials, and how Velocity Network addresses this challenge. 
Read on to understand what primary-source and notary issuers are and what the final set of issuer checks are that help guarantee the provenance of credentials.

https://lnkd.in/dA6wRnak

#datagovernance #verifiablecredentials #digitaltrust #datareliability #VelocityNetwork

Velocity Network is recognized as one of the most advanced digital trust ecosystems for W3C Verifiable Credentials. Building on this foundation, the second article in Andres Olave’s three-part series explores the architecture of Issuer Trust.

Andres, Head of Technology at Velocity Network Foundation, explores the challenges of adopting a user-led credential exchange, particularly focusing on how issued credentials can be trusted by both users and data consumers. He explains how issuer trust is essential to ensuring that career and education institutions make decisions based on reliable data.

Read on to understand how Issuer Trust checks ensure the provenance of credentials, verifying that they come from the expected real-world organizations and authoritative sources.

https://lnkd.in/dgdPEi5n

#datagovernance #verifiablecredentials #digitaltrust #datareliability #VelocityNetwork

Velocity Network is recognized as one of the most advanced digital trust ecosystems for W3C Verifiable Credentials. What Velocity Network provides to employers, educational institutions, and their software providers is a holistic set of governance and technology solutions. In the first article of his three-part series on governance & trust, Andres Olave, Head of Technology at Velocity Network Foundation, dives into the transformative power of self-sovereign identity: how it puts control into the hands of individuals and introduces the "Velocity Network Checks" that enable employers and institutions to place high-level trust in the data shared by those individuals.

https://lnkd.in/d7xwMqRw

 #datagovernance #selfsovereignidentity #personaldata #dataprivacy

We're thrilled to unveil a remarkable partnership between AlmaBetter and Sertifier, in collaboration with the innovative trust framework of Velocity Network Foundation. Together, we're revolutionizing the landscape of educational credentials, ensuring they're not just secure but also transparent, high-quality, and owned by the individual, fostering the utmost reliability.

AlmaBetter, dedicated to transforming education through community, cohorts, and coaches, has teamed up with Sertifier's cutting-edge technology and Velocity Network's trust framework to pave the way for a future where credentials represent more than just achievements—they're a testament to students' true potential, securely stored and easily verifiable.

Today, we're thrilled to announce a monumental achievement: AlmaBetter, through Sertifier's platform integrated with Velocity Network's capabilities, has issued over 359,000 credentials! This significant milestone underscores our commitment to providing risk-free, high-quality education with guaranteed learning outcomes, setting a new standard for excellence and transparency.

This partnership embodies our shared beliefs in transparency, quality, empathy, and collaboration. Together, AlmaBetter, Sertifier, Velocity Network, and our community are empowering learners to realize their true potential in a trusted and transparent educational ecosystem.

#digitalbadges #digitalcertificates #digitalcredentials #digitalcredential

On June 6th, Dror Gurevich, founder and CEO of the Velocity Network Foundation, will be speaking at The EMBRACE Festival 2024, which will take place from June 5th to 6th at the TEC Event Campus in Berlin. 

#EF24speaker

Velocity Network Foundation joins CODE, a UK-based organization lobbying for individual ownership and control of their data.

Dror Gurevich, our CEO has joined Trevor Schachner at SHRM for an exciting episode of SHRM's WorkplaceTech Spotlight, a SHRM podcast shining a light on the best future of work ideas and innovators. Dror and Trevor delved into the vast potential of Velocity Network as the next-generation public infrastructure for verifying workforce credentials.

Listen at: https://bit.ly/3Jw56jV

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