Today, we’re excited to share a sneak peek into a project that will help our customers and their employees better navigate the new world of work.
When we set out on this project, we looked at the enterprise landscape and saw a number of trends that created an opportunity for Workday to do what we do best—innovate to help our customers move forward. The workforce is evolving, user expectations around privacy are growing, and new technologies like blockchain are becoming mature. At the intersection of these trends, Workday is setting out to build the world’s most advanced network of verified credentials, powered by a new blockchain-based digital credentialing platform.
First, what are credentials, and why are they so important? Credentials can represent lots of different types of data—skills, capabilities, degrees, professional certifications, completed learning courses, work experience, and more. They represent critical information about a person: we need them to get jobs, to prove who we are, what we can do, and to access new work opportunities.
But there’s a problem with credentials. While the world of work has been transformed by technology, credentials haven’t changed much—today, they’re still largely offline and paper based, and verifying a credential often requires a lot of manual effort and time. With our new platform, Workday wants to change that by bringing credentials into the digital age.
This week, we began alpha testing this new blockchain-powered credentialing technology with attendees at Workday Altitude, our partner and services conference. This is the start of an exciting new journey for Workday and our customers, so let’s take a deeper look at the key trends I mentioned earlier and why we believe Workday and our credentialing platform is uniquely suited to help solve them.