Blockchain
SHL Joins Velocity Network as a Founding Member to Empower Talent Worldwide
SHL, the global leader in talent innovation, announced today its role as a founding member of the Velocity Network Foundation, a nonprofit member-based consortium of 15 multinational, enterprise labor market companies with a shared goal to become the world’s first blockchain-powered “internet of careers.”
The goal of this venture is to empower employees to claim and manage their career credentials, including verified education, projects, skills and work history. Individuals will have the option to choose who has access to their career credentials, and how that information is used. Employers reap the benefit of gaining talent prepared with a more complete picture of their past career and future potential.
The founding of the Velocity Network Foundation comes at a crucial point in time when human resource data is siloed, data privacy laws are putting ownership of personal data back into the hands of individuals, and businesses are in an ultra-competitive race to attract, select, develop, and retain top talent.
SHL’s interest in the Velocity Network Foundation arose out of an opportunity to further the humanistic reinvention of HR technology by focusing on the needs of both the organization and the individual. The Foundation will drive innovation in three key areas: offering a solution to provide a positive experience for current and prospective talent; solving the issues surrounding data ownership and portability; and ultimately providing a full picture of the employee’s skills, abilities, and potential.
“Employers who demonstrate forward thinking on their approach to employee data will have access to better talent,” said Andrew Bradshaw, SHL’s CEO. “People stay with employers who treat them fairly, who offer them insightful learning experiences, and who earn their trust with clear privacy standards and communications practices. When it comes to talent, doing good is good for business.”
The future landscape of talent acquisition and talent management includes the necessary tools to address data privacy, the digital era, and the experience of individuals in the workplace. For decades, SHL has provided world-class science and technology tools for organizations to utilize the full potential of their greatest asset – their people. SHL’s founding role in the Velocity Network Foundation represents one of the many evolutions of its commitment to digital transformation, providing employers and employees alike with the technology needed to thrive in the digital era.
SOURCE SHL
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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