The European Commission has moved to impleme educational and professional credentials will be verified across borders.
In an announcement on June 7, the Web3 and blockchain solutions provider, Protokol, revealed a collaboration with EBSI Vector, a European Union-funded project creating a decentralized framework for cross-border verification.
The project will use blockchain technology to develop the forthcoming credential verification solution, which aims to simplify the process for EU citizens to have their credentials recognized and accepted in different countries.
Protokol CEO Lars Rensing said the goal is to create a more open, secure, and decentralized digital infrastructure for the EU and beyond.
“We believe that blockchain and Web3 technology have enormous potential to transform a wide range of industries and prepare them for the future.”
EU citizens will be issued a digital wallet created by Protokol to store and use their digital credentials.
According to the announcement, the project will ultimately incorporate other EU initiatives, such as “EUeID,” for further solutions to create smoother interactions between people and organizations.
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