Introduction to Blockchain
What is blockchain?
A ledger connected via a network of node operators track ledger transactions.
These transactions occur by appending rows to record information about items of value and who owns those assets.
Enhanced resilience of the verification process and secured ledger on a permissioned network
Distributed, peer-to-peer connections provides stability.
Consensus algorithm mitigates single points of failure or fraud attempts.
Trusted network creates ecosystem of reliable issuers and verifiers.
Additional privacy of credential metadata via permissions.
Territorium has been selected as our digital credential wallet provider and collaborator in this project.
To enable the success of this pilot, the Co-Lab has joined the Velocity Network blockchain whose mission it is to reinvent how career records are shared across the global market.