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

A founding group of innovative companies join to build a blockchain network to meet the needs of a rapidly changing, global labor market.

Cisive, a global provider of compliance-driven human capital management and risk management solutions, joins 14 leading, enterprise multinational labor market organizations to launch the Velocity Network Foundation (VNF). VNF is a collaborative, vendor-neutral, nonprofit organization established to 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.

Velocity Network Foundation, with its Founding Members Aon’s Assessment Solutions, Cisive, Cornerstone, HireRight, Korn Ferry, National Student Clearinghouse, Randstad, SAP, SumTotal Systems, SHL, Ultimate Software, Unit4, Upwork, Velocity Career Labs and ZipRecruiter, is reinventing how people manage their career credentials. Combined, the Velocity Network Foundation’s founding members have career-related data for more than 700 million individuals in their systems, including billions of professional and student credentials and assessments, as well as employment and contract work records spanning job information, pay histories, competencies and more.

“Career Credentials Data is key to sustaining labor markets’ efficiencies and has enormous potential upside for individuals and businesses,” stated James Owens, President and CEO at Cisive. “And, as Artificial Intelligence in HR gets smarter and more focused on solving specific problems, we all expect to see even further capabilities: smart matching of individuals and career opportunities, predictive analytics and smart people development recommendations.”

By helping individuals to aggregate, maintain and securely control access to a comprehensive, trustworthy record of their verified career credentials spanning education, projects, skills, work history and more, Velocity Network helps businesses make workforce decisions based on trusted, immutable data. This reduces the time and costs associated with talent processes such as candidate screening and acquisition while reducing risk and gaining compliance in an increasingly global labor market. The Velocity Network provides a trusted, private and effortless way for people to take ownership of their career credentials, choose whether to share them, and decide how that data is used by others.

The Velocity Network is governed by a collaborative, democratic, nonprofit foundation, set out to put people back in control of their data by leveraging transformational blockchain technology – open source, trusted and self-sovereign. The Velocity Network will foster a thriving ecosystem of contributors to adapt and build on top of it, including the ability for members of the network to leverage open source technology to build blockchain issuing and verification functionality into their own proprietary technologies.