- The integration of blockchain technology beyond finance continues to progress as the European Commission is looking to implement a system that verifies education and professional credentials across borders using distributed ledger technology .
Protokol has been selected for the project due to its expertise in blockchain technology and will help provide “crucial elements of the credential verification solution,” the announcement said. The ultimate goal of the project is to make it easier for EU citizens to have credentials such as diplomas and work experience “recognized and accepted in different countries, as well as to improve the efficiency and security of credential verification processes.
The new project is the latest step in the EU’s ongoing effort to create a more open, secure and decentralized digital infrastructure for Europe that can serve as a model for the rest of the world. A consortium of partners across Europe is involved with EBSI Vector, including universities, research institutions, and technology companies. Each partner contributes their own unique expertise to help make the project a success.
“We’re excited to have Protokol onboard the EBSI VECTOR project,” said Daniël Du Seuil, Convenor European Self Sovereign Identity Framework at the EU Commission. “Their profound blockchain and Web3 expertise will be invaluable in our mission to enhance the digital credential verification process.