Fresh ideas from Velocity

Our blog offers news and insights to help you keep ahead of the curve.
We’ve Asked Our Founding Members to Explain Why They Have Come Together to Spearhead Velocity Network

Watch Velocity Network Foundation’s board directors from founding member organizations talk about Velocity.

Industrywide Initiative Brings Blockchain to HR

To many human resource professionals, blockchain may sound like an esoteric technology with little practical application in their jobs. But an ambitious initiative called the Velocity Network Foundation (VNF) shows how blockchain has near-term benefits for both recruiters and job seekers.

Talent Acquisition Movers, Shakers, & News Breakers

FEBRUARY 2020 – Talent Acquisition News.

Credential platform aims to be game-changer for HR, employees

The blockchain-powered “Internet of Careers” brings together more than a dozen industry leaders.

15 Vendors Join Foundation to Explore Blockchain HCM Solutions

he nonprofit, called the Velocity Network Foundation, seeks to create a global, open-source blockchain-powered “Internet of Careers.”

“Kudos to the Velocity Network Foundation for trying to make the world a better place.”

Brian Sommer writes about the Velocity Network Foundation in his ‘Month in Review’ column.

SAP, Cornerstone join launch of blockchain-based ‘Internet of Careers’

Fourteen staffing, background check and HCM software firms are backing blockchain-based Velocity Network to speed worker credential checking.

The Biggest Trend in HR – Achim Preuss, Aon’s Assessment Solutions

It is clear that the metaphor of climbing the career ladder is no longer valid. A more relevant metaphor already in use is one of a journey, with numerous options to follow different career paths at different times. Indeed, sometimes we take time away from our careers altogether, or follow an entirely different model of work.

Welcome to the Internet of Careers

For years blockchain experts have been promising that Bitcoin transactions were just the beginning of what would be possible. And the predictions were right. Blockchain is transforming how we validate transactions across all kinds of important applications from food safety to insurance processing.

SAP, Upwork in 15 firm credentialing blockchain consortium

Today, talent manager Cornerstone, the National Student Clearinghouse, SAP, Upwork and 11 other organizations announced the founding of the Velocity Network Foundation, a blockchain non-profit that will work on developing credentialing systems.

The Velocity Network Foundation: Using Blockchain To Control Your Own Career Credentials

The National Student Clearinghouse announced today that it was partnering with 14 other entities specializing in human capital management and education to launch an initiative that will allow students, graduates and employees to take control of their own educational and workforce information.

Randstad & Velocity Network Foundation

Blockchain technology will arguably impact the human resources function more profoundly.

Interview with Cisive’s Chief Executive Officer and President, James Owens

Velocity Foundation Network: The Future of Trusted Career Data Exchange

SAP Joins The Velocity Network: A Global, Blockchain-Powered Platform for Career Credentials

We are at an exciting time when the pace of technology is at an all-time high, and organizations are in constant competition to get the right people with the right skills to drive innovation.

Cornerstone Joins Velocity Network Foundation to Shape the Future of Blockchain in HR

As a founding member, Cornerstone will collaborate with 14 other industry leaders to accelerate the development of a universal blockchain-powered network that will put people in control of their career credentials and provide organizations with transparent insights into their workforce potential.

Cisive Joins 14 Leading Education and Large Tech Vendors to Build the “Internet of Careers”

As a founding member, Cisive will help define, deploy, and champion the Velocity Network: a globally accessible, trustworthy “Internet of Careers” powered by innovative blockchain technology in response to growing data privacy, security, and market pressures.

SHL Joins Velocity Network as a Founding Member to Empower Talent Worldwide

Joining 14 Other Global HR Technology Leaders, SHL Claims a Guiding Role in the Velocity Network Foundation, A Promising Career Credentialing Solution.

Our Founding Members Talk About Velocity

We’ve asked senior executives from Velocity Network Foundation’s Founding Members for their take on Career Credentials.

Industry Powerhouses Join Forces to Build the First “Internet of Careers” Platform Using Blockchain

Global Leaders Champion Launch of Velocity Network: A Verified, Trusted Career Credentialing Solution.

An Industry Play: Embracing the Change

“The times they are a-changin’,” sang the Nobel Laureate Bob Dylan. “You better start swimmin’ or you’ll sink like a stone.”

Financial Regulations Compliance

Velocity Network Foundation will introduce a utility token that will act as a proprietary payment currency within the Velocity ecosystem.

Data Privacy Compliance

Privacy by Design was embedded as a high priority non-functional requirement for the Velocity Network right from the start.

Token Mechanics to Drive Motivation of All Stakeholders

Utility tokens can be used to define the new rules of the market, and with mechanism design – a field in economics and game theory that takes an engineering approach to designing economic mechanisms or incentives – we can design certain rules to create the desired behavior of different stakeholders toward desired objectives.

Why Are We Releasing Velocity Network as an Open Source Project?

The crypto network and decentralized applications named Velocity Network are developed under an open source framework and will be licensed to be freely used, modified, and shared by the Foundation and its members.

Velocity Network Blockchain

The Velocity Network provides a public utility for individuals that allows them to collect, hold, and choose which verified career credentials – jobs, gigs, education, skills, performance, etc. – they share with interested parties.

What is Velocity Network

Velocity is designed to be the world’s network for verified and trusted career credentials, designed for the digital age.

Personal Data in the Workplace

People want to own their work-related data and take it with them when they leave. That doesn’t mean employers need to give up their own rights, just that they must extend those rights to workers.

The Problem: The Labor Market Data-Sharing Ecosystem is Broken

We need a new data-sharing architecture that ensures user control of their data.

The Fourth Industrial Revolution Crushes Global Job Markets

The most relevant question to businesses, governments and individuals is how and under what conditions the global labor market can reach a new equilibrium in the division of labor between human workers, robots and algorithms.