Introduction

How AI Has Reshaped Risk for Employers

Recruiter trust in applicant-provided information has been under pressure for years, but the widespread availability of generative AI has fundamentally changed the scale, speed, and sophistication of fraud in hiring. What was once a marginal risk—occasional résumé embellishment or unverifiable experience—has evolved into a systemic challenge that now affects employers across geographies, seniority levels, and job functions.

Yet, verifying people's identity, qualifications, or status remains an unsolved challenge on a global scale, impacting not only productivity and cost but also compliance, legal liability, and brand reputation. Verifying a person’s identity, qualifications, or status is still largely done using century-old methods—making phone calls and manually retrieving data from siloed sources.

The Verifiable Credentials Revolution

A global revolution is underway: Verifiable credentials (VCs) are transforming how personal data is issued, held, and shared.

VCs are tamper-proof, privacy-preserving digital credentials that individuals control—empowering them to instantly prove their identity, qualifications, or status anywhere.

Verifiable credentials are emerging as the new standard for proving personal and professional information - yet Web3 lacks the infrastructure to access and leverage this data, missing a transformative opportunity.

Velocity Network

We are building the world’s first institution-grade infrastructure for Verifiable Credentials. It combines a robust verifiable credential infrastructure with the first-of-its-kind oracle network that brings verifiable credentials to Web3.

Velocity Global Credential Network

The most advanced, battle-tested decentralized infrastructure for verifiable credentials — with over 1 million users and millions of credentials already issued.

Velocity Network represents the most ambitious collaborative endeavor ever undertaken by the world’s most influential industry associations, NGOs, and top enterprise software vendors to deploy a decentralized infrastructure layer for globally-inclusive, self-sovereign, noncustodial, privacy-preserving verifiable identity and credentials.

Velocity Network enables a world where individuals can claim their personal and professional credentials as immutable proofs, stack them in a noncustodial wallet and share them whenever they need to prove their identity, qualifications, or status.

Built from the ground up, Velocity Network is designed to meet the needs of institutions operating at scale in regulated environments.

It’s also the only solution offering native monetization rails for issuers through the $VELO token.

Following an extensive multi-year pre-launch phase, Velocity Network successfully launched its Mainnet backed by a global community of diverse institutional stakeholders. These include employer and education associations, the leading software vendors to the worlds of work and education, industry associations, and relevant governmental and multilateral organizations. Since the launch, millions of credentials have already been issued and claimed on the network.

Velocity Oracle Network - Bringing Verifiable Credentials to Web3

The Velocity Oracle Network brings these trusted credentials on-chain, giving decentralized applications seamless access to real-world trusted career data — unlocking powerful use cases across work, collaboration, and decentralized finance.

Built with compliance and scalability in mind, the network leverages a reputation-based consensus mechanism and enables delegated staking, aligning incentives among validators, data providers, and users. It empowers use cases like on-chain credit scoring, identity-backed DeFi, trustless freelance marketplaces, DAO governance with verified identity, and more.

$VELOCITY

Velocity utilizes the native $VELOCITY token to secure the decentralized network through Reputation Based Consensus and settlement for transaction fees.

Validators and oracle nodes are required to stake $VELOCITY token to fulfil data requests in return for a portion of the query fees.

Beyond its operational utility, identity, qualifications, or status offers investors a value-aligned asset and provides traders with an opportunity to engage with its market dynamics and growth potential.

Delegated staking is also supported, allowing token holders to delegate their $VELOCITY to trusted validators and participate in the network’s reward system without operating a node.