Joynd Announces Velocity Network Foundation Membership, Ready to Help Launch The Internet of Careers®
January 12, 2021 (Orlando, FL). Joynd, a company dedicated to HR cloud technology integrations, has joined the Velocity Network Foundation in delivering a global blockchain network for verifiable and trusted career credentials.
This blockchain network will provide a trusted, private and easier means for individuals to take ownership of their verifiable career credentials, choose whether to share them, and decide how that data is used by others.
“Velocity Network makes it trusted, private, and effortless for people to take ownership of their career credentials, choose whether to share them, decide how that data is used by others, and in the future even sell it and earn income on that sale, creating an economy around the ownership and transfer of valuable career-related data,” says Dror Gurevich, Co-founder and CEO of Velocity Network Foundation. “At the same time, employers and education vendors will be able to rely on trusted, immutable, and verifiable employee and candidate data, seamlessly and cost effectively eliminating hiring risks, boosting productively, improving employee experience, and achieving regulatory compliance.”
Joynd COO Rick Barfoot has long been a champion of blockchain’s place in HR technology, particularly favoring the consortium approach: “Having industry leaders and trailblazers at the table committed to investing time and resources, designing a viable commercial solution, and building it in a meaningful way is already a significant market differentiator.” To help achieve the goals of the Velocity Network, Rick Chairs its Standards Committee, formed to ensure the common understanding of the data elements that will make up a verified credential, and the process for industry-standard schemas.
The Velocity Network Founding Members include Aon’s Assessment Solutions, Cisive, Cornerstone, HireRight, Korn Ferry, National Student Clearinghouse, Randstad, SAP, SHL, SumTotal Systems, UKG, Unit4, Velocity Career Labs and ZipRecruiter.
As long-time guides in integrating best-of-fit applications for the entire employee life cycle, Joynd is familiar with all of the ways in which HR processes can benefit from a verified, trusted, self-sovereign network. Furthermore, their membership is a great fit because Joynd is well-versed in all of the disparate data formats that currently exist from recruiting to hiring to retiring, with a vision to unifying and putting that data into the hands of its owners in a protected environment.
“Blockchain networks are already disrupting traditional supplier models and this is now extending to the HR data value chain”, says Joynd CEO Dianna Sheppard, “Joynd sees tremendous opportunity to join other key industry players to drive this trend. The Velocity Network Foundation is the most inclusive and comprehensive consortium that will deliver tangible value to individuals, employers, and their HR technology vendors. As the most comprehensive integration provider for HR systems, Joynd is well-positioned to leverage its expertise to facilitate the industry’s move to blockchain.”
About the Velocity Network Foundation
The Velocity Network Foundation is a nonprofit organization established by Velocity Career Labs, a developer of innovative blockchain technology. The Foundation exists to govern the use of the Velocity Network by all involved parties; continuously build the rulebook, a common framework that ensures operational consistency and legal clarity for every transaction; promote global adoption and support among stakeholders and constituents; guide the development of the decentralized protocols; and support research and development of applications and associated services, fostering a community of open-source developers. Learn more about Velocity.
Joynd offers the most extensive vendor integration platform in the HR market, featuring the industry’s largest cloud connector library, a platform optimized for integrating data and processes across applications, and guiding expertise and domain knowledge. Get in touch about your own integration needs.