The startup offers a blockchain-based career network platform that enables individuals and organizations to securely manage and share verifiable career credentials. This technology addresses the challenge of trust in career data exchange, facilitating access to reliable career opportunities.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The current labor market relies on self-reported resumes and online profiles, which can be difficult to verify and may not accurately represent an individual's skills and experience. Exchanging career data with prospective employers and other stakeholders is often a fragmented and inefficient process, lacking trust and transparency.
Solution
Velocity Career Labs offers a blockchain-based platform, the Velocity Network™, that enables individuals to claim, own, and securely share verifiable career credentials. Individuals can use the Career Wallet app to connect with employers, schools, and certification providers to obtain digitally signed credentials. These credentials can then be privately stored and selectively shared, giving individuals control over their career data. Organizations can use the platform to issue and verify credentials, streamlining recruitment, onboarding, and compliance processes. The Velocity Network Foundation governs the network, ensuring operational consistency and legal clarity.
Target Audience
The primary target audience includes individuals seeking to manage and share their career credentials, employers and educational institutions aiming to streamline recruitment and verification processes, and HR and education solution providers looking to integrate verifiable credential functionality into their platforms.
Features
- Career Wallet mobile app (iOS and Android) for individuals to claim and manage verifiable credentials
- Blockchain-based network for secure and transparent credential verification
- Support for digitally signed credentials from employers, schools, and certification providers
- Credential Agent software for organizations to issue and verify credentials
- Compliance with W3C standards for interoperability
- Velocity Credits as a reward system and payment rail for network participants
- Open-source SDK for developing credential wallets