Today, IBM announced the launch of a blockchain credentials platform for academic and professional qualifications. Currently in early development, the Learning Credential Network (LCN) hopes to streamline hiring processes with verifiable certificates from training programs and skill boot camps along with conventional degrees.
A recent IBM study found that over 120 million workers in large economies may have to retrain within three years due to AI automation. This creates a skills gap, from which initiatives like coding boot camps have arisen. They provide the skills needed for tech careers; in 2017, 15% of IBM’s hires did not have university diplomas. However, qualifications earned from these programs aren’t as recognized or supported as university degrees.
IBM, along with an education consortium of US-based institutions, hopes to solve this by supporting a diverse range of learning
credentials on a blockchain platform.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
