Beyond POC - Velocity’s Thriving Ecosystem
The Labor Market Ecosystem
We chose the labor market as the first ecosystem to focus our efforts on because it presents a clear and immediate need for trusted, verifiable data. Employment and education credentials are foundational to economic mobility, and the current systems for verifying them are fragmented, inefficient, and often prone to fraud. By addressing these pain points with verifiable credentials, we can deliver real, measurable value to a broad set of stakeholders—employers, educators, individuals, and governments—while driving early adoption at scale. This ecosystem offers both high urgency and high impact, making it the ideal launchpad for broader adoption across additional domains.
Backed by the world’s most influential labor market associations, NGOs, and top software vendors serving work and education, this live ecosystem is gaining strong traction—with over 1 million users and millions of credentials already issued by hundreds of institutions.
Deploying this use case on Velocity Network represents the most ambitious collaborative endeavor ever undertaken by the world's most influential labor market and education stakeholders to create a decentralized infrastructure layer for globally-inclusive, privacy preserving "Proof of Qualifications".
Founding Members
Founding members include: Aon, Cisive, Cornerstone, HireRight, Korn Ferry, National Student Clearinghouse, Randstad, SAP, SumTotal Systems, SHL, UKG, Upwork, Velocity Career Labs and ZipRecruiter. Click here for more details on the founding members.
Since its launch, this ecosystem has expanded into a diverse community of labor market stakeholders. This includes employer and education associations, the leading software vendors for the worlds of work and education, global industry associations, as well as governmental and multilateral organizations. Click here for the full list of members.
Notable governments and NGOs
Beyond its extensive community of private-sector labor-market and education stakeholders, the foundation’s membership also encompasses numerous government and multilateral institutions that represent significant stakeholder groups across the labor market.
The American Association of Collegiate Registrars and Admissions Officers
United States
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