Earlier this year, we announced we were developing a new blockchain-powered credentialing technology—which will bring credentials into the digital age and remove the friction associated with issuing, managing, and verifying credentials.
This week at Workday Rising, we announced the beta release of the technology, and I wanted to take this opportunity to share some more details about Workday Credentials for enterprises, and WayTo™ by Workday for individuals.
Why is Workday so excited about credentials?
Credentials have been part of the fabric of work for thousands of years. They help us show who we are, what we’ve done, and what we know. In industries like healthcare and manufacturing, credentials help keep us safe. In fact, over 100 million credentials and certifications are being managed in Workday today by Workday Human Capital Management (HCM) customers.
But when we dug deeper with our customers, we came to the realization that today’s credentials aren’t fit for purpose in a complex, changing world of work. They’re largely still paper based—and verification requires manual effort (and sometimes even fax machines!). By using new technologies like blockchain, we can make credentials digital. And through this transformation—from paper to digital—we can streamline the whole process for our customers, partners, and individual employees that hold credentials.
We also realized that organizations and individuals have different needs when it comes to credentials. Organizations need a way to issue, manage, and verify credentials, and individuals need a way to securely allow access to the credentials they hold. That’s why we created a platform consisting of Workday Credentials for organizations, and the WayTo by Workday app for individuals. Together, they bring credentials into the digital era.
Source/More: Workday BrandVoice: What You Need To Know About Workday’s Blockchain-powered Credentialing Technology