AIB, Bank of Ireland and Ulster Bank are piloting a blockchain platform to track and manage employee education and regulatory qualifications.
Developed in collaboration with the Institute of Banking (IoB) and Deloitte, the platform will support the verification, tracking, direct access to, and management of, regulatory and other professional designations, education qualifications and lifelong learning credentials.Employees will be issued with a digital wallet containing all their professional qualifications, which can be shared among competent authorities on a permissioned ledger for verification purposes.
Colin Hunt, CEO of AIB remarks: “The largest value in a blockchain solution is derived from using the network and achieving this through an industry platform is very attractive. This is a great story for banking innovation in Ireland but also to enable our employees and those in the sector to progress their career aspirations and ambitions.”
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