Micro-credentials in a Minute Episode 18: How Verifiable Credentials Reduce Costs for Recruiters

May 8

Greetings friends ✨

In service to making the digital badge and micro-credential space more accessible to the broader community, the Micro-credential Multiverse team has launched a series of conversations with industry leaders in the space we’re calling “Micro-credentials in a Minute”.

Each episode of the podcast will be about a minute long and address critical questions on micro-credentials, digital badges, learning pathways, digital wallets, and more!

Introducing Micro-credentials in a Minute

Episode 18: How Verifiable Credentials Reduce Costs for Recruiters

Welcome to "Micro-credentials in a Minute," produced by Micro-credential Multiverse.

In this episode, micro-credential and digital badge experts Rob Bajor and Allison Fromm (Proofspace.id) share their insights and discuss how Verifiable Credentials (VCs) can reduce costs for recruiters. Allison explains that anyone can make any claim they want about themselves online, which creates a verification process that costs time and money for recruiters. However, if candidates present their skills and experiences in the form of a verifiable credential, recruiters can easily and automatically check the accuracy of that information. Sharing data via VCs can save money, speed up the process, and create a better experience for everyone involved. Rob adds that verifying information online is crucial for building trust; without it, the principle of trust is undermined.

Join Rob and Allison to learn more about the power of VCs in reducing costs for recruiters and building trust in the digital world.

Guests

Learn more about our guests

Featured

Allison Fromm

Allison Fromm is the Chief Commercial Officer at ProofSpace, an identity company that makes it easy to issue, hold, and verify reusable, digital, decentralized credentials.

Robert Bajor

Robert Bajor is the founder of Micro-credential Multiverse.

Transcript

Micro-credential in a Minute: How Verifiable Credentials Reduce Costs for Recruiters

Rob Bajor: Hi, my name is Rob.

Allison Fromm: And my name is Allison, and we are micro-credential and digital badge experts.

Rob Bajor: So today we're gonna talk about how verifiable credentials reduce costs for recruiters. So we brought Allison from ProofSpace here. What do you think about that, Allison?

Allison Fromm: Yeah well, the problem with the internet, as we all know, is that anyone can make any claim they want about themselves online. And just to give one example, LinkedIn removed 32 million MILLION accounts in 2021 due to fraud, but 95% of recruiters who are looking for candidates are using LinkedIn.

Allison Fromm: So what happens. Once a recruiter finds a promising candidate then they have to go back and verify all those attributes and experiences that have made the candidate appealing. That verification process costs time and money. But if the candidate can present all their skills and experiences in the form of a verifiable credential, then recruiters could very easily and automatically check the accuracy of that information.

Allison Fromm: So sharing that data via verifiable credentials can save money, speed up the process, and create a much better experience for everyone involved.

Rob Bajor: This reminds me of what we were talking about in some of the earlier episodes of the podcast, where you really have to take the organization's word for it.

Rob Bajor: Like literally you have to take someone's word for it. And that verification process is, is extra energy that time and dollars that are involved there. So when you're talking about folks like recruiters, this is literally their job. So there's a calculus that goes on: how many people can I reach out to?

Rob Bajor: And I, I often think about all the people who spend so much time working on real resumes for real jobs about real people, and how much time is, is like robbed basically, um, by fraud and like gaming the system you'll hear about a lot, especially since many of these HR and recruiting systems are systems.

Rob Bajor: Um, you're kind dealing with a system first before you're dealing with a person. Right? And gaming those systems is like an unofficial skill for getting a job.

Allison Fromm: Yeah, right, exactly. There's the famous, uh, guy who put a profile up on LinkedIn with some buzzwords like polymath and founder, and might have used San Francisco or something, and multiple venture capitalists reached out to him.

Allison Fromm: So how much better would it be if we had to be able to verify the things that we were saying online in order to get the attention of recruiters or VC money would be so much better for everyone.

Rob Bajor: There's a famous saying, which is, trust, but verify.

Allison Fromm: Right, exactly.

Rob Bajor: So like, it, it doesn't matter if you trust someone or not.

Rob Bajor: If you can't verify it, then it undermines that whole principle. So this is interesting. This is a great, uh, this is a great topic and we'll probably record future podcast episodes about it.

Allison Fromm: Awesome.

Rob Bajor: Thanks for joining me, Allison.

Allison Fromm: Thanks, Rob.