(PR Newswire NY) Under the MOU, Affinidi will provide its expertise in digital credentialing through its mobile application and digital wallet Ceal, where individuals will be able to receive their knowledge certificates as VCs, and store them securely on mobile phones using decentralised technology. Individuals can also build and manage their digital identity on the Ceal mobile application and control what information they wish to share, with whom, and when to share it.
Individuals can then use their digital identity on Ceal mobile application for more seamless and credible professional networking opportunities and showcase their knowledge and skills to potential employers. As VCs can be validated digitally as opposed to manually checking hard copy documents and certificates, the verification process by peers or employers is convenient, real-time and can be done remotely.
Digital Pilipinas, the largest private sector-led movement championing nascent technologies and cross-border collaborations to build sustainable digital ecosystems, will drive the engagement of national line agencies and enablers of the private and public sectors in various pillars such as edutech, healthtech, insurtech, payments, open finance, and cybersecurity. The MOU was inked against the backdrop of an increased need for new skillsets as the pandemic and the Fourth Industrial Revolution have accelerated digitalisation and automation of the economy tremendously, as highlighted by The Philippines’ Department of Trade and Industry. According to a 2020 McKinsey report, over 43 per cent of companies say that they are currently experiencing a skills gap, while another 44 per cent expect the skills gap in their company to occur in the next five years… Read More
