Verif-y Application
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Verif-y has developed a blockchain-based credential verification platform that enhances hiring processes by synchronizing with a credential engine registry, ensuring accurate degree information is used. This integration prevents delays caused by incorrect data entry, transforming a one-week verification process into just one day. The platform not only benefits hiring companies by reducing costs and risks but also empowers job applicants to manage their own credentials securely.
Verif-y Application
- 2. Slide 2 About Us Verif-y pioneered an encrypted credential verification platform on the Blockchain. Hiring companies reduce costs and make better informed decisions using Verif-y’s cutting edge digital platform. Individuals benefit from the platform because it provides control and security of their personal information. Today’s example looks at college and university degrees.
- 3. Slide 3 The Problem • The speed at which hiring companies receive verification of candidates’ credentials is impacted when candidates input incorrect data in their verification paperwork. • For example, candidates may input the wrong degree name when filling out job application paperwork. Even if the college or university information is correct, an incorrect degree can slow the hiring process.
- 4. Slide 4 Verif-y / Credential Engine Solution • If we synch Verif-y with the Credential Engine registry, Verif-y immediately becomes more efficient by presenting only the correct degree names in drop down menus. • As a result, the hiring company avoids an unnecessary processing, ensuring that the accurate information gets verified more promptly and securely.
- 5. Slide 5 Current vs. Future Verif-y Service Current Verif-y System: Future System: (with the Registry) Verify educator Preload credential description Verify Job Candidate credential
- 6. Slide 6 Case 1: Verif-y not synched with Credential Engine Registry
- 7. Slide 7 Credential Verification Flow Individual Verif-y Platform Submit claim Case 1 Hiring Company requests job candidate submit education data using Verif-y platform. Manual Process: Candidate knows their college, but instead of correct “Human Psychology” degree, candidate can’t remember proper information and inputs only “Psychology”. Result = Bad data input.
- 8. Slide 8 Credential Verification Flow Individual Submit claim Reject degree name Case 1 Verif-y Platform Due to bad data, Verif-y platform rejects degree name, slowing down job candidate verification process.
- 9. Slide 9 Credential Verification Flow Individual Submit claim Reject degree name Case 1 Verif-y Platform Platform revises and finally verifies candidate credential. Problem: Bad data lengthens verification process to one week. Data Revision and Verification
- 10. Slide 10 Case 2: Verif-y is synched with Credential Engine Registry
- 11. Slide 11 Credential Verification Flow Individual Verif-y Platform Submit claim Case 2 Hiring Company requests job candidate submit education history over Verif-y platform. Drop down menu process: Candidate doesn’t remember exact degree, but menu options limited to Credential Engine data. Chooses Human Psychology from menu, which is the correct data.
- 12. Slide 12 Credential Verification Flow Individual Submit claimCase 2 Verif-y Platform Platform verifies candidate credential. Problem solved: 1 day process. Much Better! Data Revision and Verification
- 13. Steps in the Process Current Process 1. Individual submits wrong selected degree 2. Platform reviews submission 3. Platform identifies bad data 4. Platform pursues proper data 5. Candidate verified With Credential Engine 1. Individual submits correct selected degree 2. Candidate verified (simple) Fewer steps = efficient Hiring Company experience
- 14. Slide 14 Benefits to Partners and Stakeholders • Hiring companies become more efficient - faster time to receive yes/no verification on credentials. Generates more confident decisions, at less cost and lowers risk. • Verif-y platform further improved by Credential Engine integration. • Job applicants are empowered to own their own backgrounds, and control who has access to their credentials.