In a world that is becoming more and more connected and digital by the second, the job market has remained somewhat of a dinosaur, still relying on resumes and online profiles as its main tool for communicating work credentials. It was this outdated process operating with a broken data layer that Velocity Career Labs set out to innovate.
Velocity Career Labs was founded in 2018 with the vision of reinventing the way job credentials are communicated and managed within the global job market by creating a streamlined, connected economy of human capital.
Velocity is a cryptocurrency platform. People, businesses, and educational institutions can buy tokens to verify and share educational and employment credentials and status. This decentralized, trusted platform that empowers its users through transformational open-source technology offers an innovative form of connected, seamless credential verification.
Coined as the Internet of Careers®, Velocity Career Labs’ revolutionary platform went live in December 2022. To ensure the successful GoLive of this ambitious project, Velocity leveraged Fiter’s expertise in open-source software technology.
The key to the Internet of Careers® was the tokens used as currency within the platform. The tokens enable the ownership, storage and sharing of the human capital economy within the Velocity Network™. Velocity’s Career Wallet required a storage and management solution for the value of the tokens.
According to John Gathogo BA, the key to the success of the project was the integration of Velocity’s exchange platform with the open-source software to enable the value storage of the tokens. Velocity’s insistence on the highest security, internal controls, and reliability standards combined with Fiter’s know-how not only yielded a first-of-its-kind product but also pushed the boundaries of what both companies had achieved.
The Velocity Network™ is now empowering people everywhere to own, store and share their credentials through a reliable, fully-connected, advanced network and to take charge of their careers, education and lives. And Fiter has once again executed its vision of leveling out the playing field for people everywhere and anywhere, enabling them to take charge of their lives and future.
To find out how Fiter can help take your business to the next level through open-source software technology, contact us at: https://fiter.io/
