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Future Of Work | Dror Gurevich | Labor Market Revolution | Evolve Beyond Borders

Apr 04, 2024
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Beyond Borders is proud to present Gerard Rivage, founder and CEO of the Velocity Net

work

Foundation. Flower is a renowned

work

image keynote speaker with over 25 years of experience. He is the founder and leader of several successful companies. in the workforce technology landscape, welcome, hello everyone, I'm Drogo Revic and I'm here to tell you about the biggest label, Market Revolution, that you've probably never heard of. I am the founder and CEO of the Velostnam Foundation. We are a nonprofit membership organization with a mission to build the next generation data utility layer to highlight the global

labor

market

.
future of work dror gurevich labor market revolution evolve beyond borders
It will be an honor and a privilege today to present to you the work we are doing and I want to thank Niamo. for giving me this opportunity, but first a little context, hiring people based on what they say about their own skills, identity, and educational credentials has been horribly inefficient. Self-reported professional records are unreliable and not standardized. Mr. presentation is a common problem and the need to verify applicant and employee data announces unimaginable frictions and costs for the

labor

market

. This drives a multi-billion dollar recruiting services industry that, for lack of a better solution, is literally manual.
future of work dror gurevich labor market revolution evolve beyond borders

More Interesting Facts About,

future of work dror gurevich labor market revolution evolve beyond borders...

How do you solve the processes of making phone calls and obtaining data from isolated sources to compile a complete and verified portfolio of people's learning and employment records takes weeks is prone to errors and privacy violations and is simply not designed for the modern war world now all we need to do across the working lifecycle build pathways from education to employment rescaling 1 billion people support broad adoption of platform work and open telemarkets require processing professional and learning records of the individual, but we still rely on unverified, self-registered resumes and online profiles as a source of professional records for candidates and employees. the only impediment to real space digit transformation and this issue strikes at the core of our ability to build a

future

of work until we fix that broken data layer, underline the global Market label, all other efforts will remain in Providence now that the data is correct. there it is with the person's previous employers, it's there with their school, it's there with their professional association or the contingent work platform they've been using.
future of work dror gurevich labor market revolution evolve beyond borders
The problem is that all of these data sources are isolated, disconnected, non-standardized, and lack interoperability. Now the challenge of developing a pipeline for The Trusted. Sharing career-related information involves issues of interoperability and portability on a global scale, so it has been too monumental a skill for the industry to contemplate until now because what if there was another way? What if we could make educational and professional records temperament-proof and cryptographically secure? digital credentials that the individual will select from a primary authority source such as their previous employer or their school or their professional association will store them privately and share them with trusted parties in multiple use cases.
future of work dror gurevich labor market revolution evolve beyond borders
This rich and verifiable professional identity is the great transformer of global work. market we've all been waiting for, reducing the friction and cost of transferring trusted professional integration credentials will redefine how people navigate their careers and how overall human capital development and deployment is managed. Now how that has worked for people to approach primary source authorities using what we call it professional credential wall: these are applications installed on your device that allow you to select and store, manage and share professional credentials. The individual creates an encrypted peer-to-peer connection between their device and the issuing organization's system of record.
Basically, the organization takes the data it has on the individual, signs that data with its private keys, and sends it back after having standardized it according to the interoperability protocol to the individual's device, so now we have the signed data stored. by the issuer. on the individual device to maintain trust, the issuer also issues in parallel to issuing the credential to the individual, the problem also issues a cryptographic key, a proof of speed validity. Immutable network, Ledger, aka speed on our blockchain, now what we have after issuance. What has been completed is that the personal information sits with the individual on his or her device and a cryptographic key sits on the mutable decentralized ledger.
The key does not contain personally identifiable information and therefore cannot be correlated to an individual. The personal information is with the individual under his or her full control the verification key that does not contain personally identifiable information is stored on-chain now, when the individual at a later stage will present the credential to the air party once in possession of the credential and only once in possession of the credential will the relying party be able to leverage the blockchain, take the keys that were issued to the blockchain by the original issuer and execute complex cryptography that will allow them to verify that the credential is not in Tempo and that the credential is linked to and owned by the individual for whom it is the issuer. legitimate entity and that the credential has not been revoked for some reason by the issuer after the issuance event because revocation is part of the lifecycle of many credentials.
Is that how it works. It is a privacy preserving framework that allows the individual to retain and own their professional indication credentials, now the largest Workforce Stack and AD Deck providers in the world, came together under the Velocity Foundation, a non-profit organization, to face the challenge of implementing the Internet of Careers, that utility layer that underlies the global labor market. Together, this is the biggest Labor Market Revolution You've probably never heard that these leading providers are used by 30 percent of employers worldwide to automate employment-related processes and their processing of employment-related records. the race for more than a billion lives.
They can now be interoperable with each other throughout a trusted conduit in which the individual in the middle has full sovereignty over her professional records. Many organizations join this journey every month. Now not only suppliers have joined the Blossom Foundation, recognizing the seriousness of the disruption we are driving in this industry. Representatives of the largest player in the labor market, as well as members of the Velocity Foundation, joined on screen to participate in the governance of the network and represent their constituents. These perspectives currently include the American Council on Education which represents the US post-secondary education system, sure which I'm sure you are aware of the global Professional Association of HR Professionals, the global workforce configuration, which is the global Professional Association of the entire staffing industry and the US Congressional House Foundation representing the US employer sector and many more such organizations are in the process of joining this .
Moving forward now for the intention of careers to become a reality, we first needed to address the elephant in the room, interoperability, the current style of career portfolio and lifelong learning will require the individual to connect with multiple authorities who can give faith of their education and professional achievements to be able to select enough professional credentials, enough educational credentials to represent their former self on the other side, so that these credentials that individuals have been selecting have some utility value, any dependent part with which the individual shared their credential must be able to process and make sense of all of these Entities in a highly fragmented ecosystem have to be interoperable with each other and the fragmented nature of the global education ecosystem and labor market makes this a monumental challenge.
Many platforms have emerged to support the exchange of trusted professional information, but there are all proprietary and silo, while the concept of comprehensive, interoperable, verifiable, portable digital education and professional credentials requires an open approach that is ubiquitous and limitless now that the world has been successful before and building such infrastructure for global data interpretability and interconnectivity changed every aspect in our daily life. The Internet was in the early 90s of the previous century when the Internet was made public for the first time in history. Humanity had a shared protocol and conduit for global data interconnectivity. This unleashed an explosion of innovation with thousands of independent developers.
Building your use cases on top of this protocol is what made the Internet so successful. All experts agree that the fact that the prodigal was available for anyone to use freely and that the network was not controlled by a proprietary entity that could impose restrictions or exploit it. Commercially, this made it a safe space for independent software developers and their investors to build their solutions. We follow the same mental model to transform the world of work. We needed a racing Internet. A shared utility layer that would enable the reliable exchange of interoperable career indication data for individuals and organizations across the global education labor market, one that is open for all to use, is not controlled by any single proprietary entity, and has a fundamental physical layer that serves as the actual conduit for these data packets, as well as layers in that protocol. to enable global interpretability across all technical aspects, data syntax, data semantics, compliance aspects and business process aspects – this is speed.
Network, Internet of Races, is an open source public utility layer that underpins the global label. Market that allows the portability and interoperability of credentials now that we have built it that way. that the complexity of the protocol will be completely abstracted from the end user organizations, the organizations that issue credentials and verify the credentials, the actual users of the network and also from the individual right of the end user, so the network is built in a way that WordPress attack and stack providers come online. to the network to power out-of-the-box professional credential issuance and verification functionality, by incorporating the protocols into your core platforms, this makes it completely simple for your customers and users to issue verifiable credentials to individuals and verify credentials presented by individuals to the tax.
The stack required to connect to that protocol and network was open sourced by the Speed ​​Foundation and was now offered royalty-free so anyone could use the governance of that network was entrusted to the Lottery Foundation with its members and elected executive board. annually it is the body that drives the policies and rules of the network so that there is no concentration of power and the entire ecosystem is represented in the decision-making process, not only is the governance decentralized but also the infrastructure itself, the layer one blockchain network. is completely decentralized without an organization that controls that resource which is to prevent unwanted concentration of power and support required redundancy the node operators the entities that run the instances of the decentralized ledger these are independent organizations vetted and trusted by the structure of government under the velocino foundation approved to operate and maintain independent nodes of the blockchain there is no single entity that has the ability to impose restrictions on access or use of the ecosystem, now not only that decentralization is key but also the fact that the ecosystem incorporates a monetization framework to incentivize the contributors to that Network, mainly issuers and the systems that these issuers use, we all know that money makes the world go round and, while there are many incentives for trusting parties to connect to the network and begin using it to gain zero access over time to verifiable credentials presented by the individual.
Issuers have little or no incentive to begin issuing, so another central element to global adoption of the protocol is incentives to that issuers make the effort and issue credentials to individuals, employers, schools, professional associations. everyone earns network tokens or how we or the way we call them speed credits every time they issue these credits can be redeemed for cash or other privileges on the network as wellOn the other hand, the dependent parties that derive value from this ecosystem must pay every time they use the utility layer to obtain the keys I mentioned before and verify the credentials presented by the individual.
It may seem a little complicated, but it's all abstract. From the end-user organization, all they see is that the transaction cost them a few dollars, so the career leader will allow employers to accelerate recruiting, incorporate mobility and compliance. The network rewards issuers. Credentials can be verified instantly and the design integrates privacy regulation compliance. This is the great Transformer that we have all been waiting for and will allow that true digital transformation of the global Market label. The first wallet is already in stores and can be downloaded from the App Store and Google Play. Six most interoperable wallets and com and compatible with narrows.
The protocols are launching very, very soon, and after four years of collaborative work, the network went public earlier this year with dozens of the world's leading software providers involved in creating related use cases. . Plus, everyone is working. together towards the

future

of interconnectivity and interoperability in the worlds of education and work, while pioneering industries, employers, university schools, professional associations around the world are launching real-world ecosystems based on that product, so the future of work is coming and we are fixing the broken data layer that underpins it and that is a reality for thousands of builders as we talk about careers on the Internet, we are now where the Internet was in 1996 1997.
No miss that once in a generation opportunity to get involved, the time to get involved is now, if you want to know more, don't. I hesitate to communicate, so that's the end of my presentation. I want to thank you all for some time today, I wish you a productive and engaging conference and I want to thank Niamo for giving me this stage that allowed me to present the work we are doing. doing at the Speed ​​Foundation thank you very much

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