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Wipro launches an initiative for digital skill credentialing and validation

Aug 23, 2023

By: BlinkX Research Team

Wipro Ltd has announced the beginning of an initiative for digital skills credentialing and verification in India. The initiative seeks to engage companies, educational institutions, and the government in developing a standardized framework for credentialing and skill validation, with the goal of making credential validation easier, faster, and more reliable.

The verified skill credential and related digital ecosystem, built on Wipro's Lab45 DICE ID platform and powered by blockchain principles of decentralisation, security, and trust, are projected to change India's talent identification and verification of the landscape and beyond.

This digital ecosystem aims to provide a secure, trusted, and efficient method of validating certificates and educational credits, assisting in addressing the issues associated with skill and credential verification in the middle of India's constantly rising number of courses and certifications.

"The education sector in India is expected to double in size in the coming years. Yet, there is no easy, or standard, way to validate the courses and certifications offered by a multitude of institutions," said Subha Tatavarti, chief technology officer at Wipro.

Tatvarti added that by building a wide-reaching ecosystem on Wipro's platform, the company aims to "accelerate the creation of a standard and interoperable credentialing framework". This should in turn, alleviate the challenges faced in the skills verification process.

According to the company's press release, the country's education industry is predicted to increase by 2025. Furthermore, professional certificate-providing organizations are predicted to increase at a compound annual growth rate (CAGR) of approximately 9% between 2023 and 2027, according to Statista.

Source: Media Reports