The agreement will see students completing the course Developing Blockchain Strategy by RMIT and part of the RMIT Creds initiative to receive digital badges that attest to their abilities and abilities.
"Most of the transcripts at best have a title course on them, even the person who completed that course is sometimes hard to remember"
"We are exploring the latest application of this technology as part of our efforts to improve the experience of our students, "said Belinda Tynan, vice-chancellor of RMIT education.
Typically known for its use in non-traditional currency transactions, blockchain is increasingly being used as a safe and verifiable way to send information. Credly's co-founder and CEO, Jonathan Finkelstein, said the company recognized that "the currency in the modern labor market is your skills and abilities".
"What creates efficiency in the labor market is when skills and abilities, like any currency, are backed by the full trust and credit of the institution issuing that currency," he said The PIE News .
According to Finkelstein, blockchain-enabled credentials provide a better solution for both graduates and employers, noting that the most common means of demonstrating skills is through an academic transcript that can hold information that graduates do not want employers see.
"The other gap … is most of the transcripts, at best, have a course title on them, and those course titles are traditionally shortened and are also fixed in time", he said.
"They are not very rich in data, even the person who completed that course is sometimes hard to remember."
For employers, credentials also provide much more data, he added, including the ability to understand how an ability was assessed, how many other people have that skill and if it expires.
Blockchain was an important point of discussion at the conference on the Groningen declaration network of 2018, with delegates noting its ability to provide the portability of academic credentials in various countries. WES has announced its own set of digital credentials at the beginning of this year.