Once the individual has a certificate proving their skills, they must communicate with various organizations to use digital credentials effectively for work or further learning achievements. MPM’s technology allows sharing skills beyond the traditional CV and linking people with learning and job opportunities through a novel Proof-of-Competence (PoC) mechanism. Our approach to stackable micro-credentials is intended to leverage PoC and represent exit and entry points to maximize learning and career opportunities through high-quality skills-based programs. PoC ensures that people who have gained competencies through impact-oriented actions, public service, or informal education can participate in the labour market and receive credentials for competencies mastered along the journey. Members can use their online portfolio with PoCs to pitch ideas to employers, a current project in competitions, or apply for new funding and better positions. PoCs unique properties are meant to indicate and visualize the value created by stakeholders in the SCF and introduce a new benchmark for success.
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A Digital Wallet is an electronic mechanism that enables CRS for MPM on the GCRI network platforms. It allows users to make purchases and services transactions using their network credits: pCredits, eCredits, and vCredits. Digital Wallets can be used to pay for goods and services by either entering a code on associate store gateways or scanning a QR code while making purchases at a store and online.
In addition to being able to make purchases, Digital Wallets can also be used to deposit money into one’s personal and business finance account. It can also be used to validate the identity of various credentials such as PoC, Pow, PoI, and PoA. These documents can then be transferred to a third-party terminal through near-field communication (NFC) technology.
Impact Certificate or Certificate of Impact (CoI) is a deceleration of impact issued to members who contributed to the public good through MPM. It is designed to empower open collaboration by funding responsible research and sustainable innovation. A central matching pool uses the QF mechanism with PoC properties: PoW, PoI, and PoA to enable an end-to-end grant-making process.
Members interested in buying CoI can post proposals to showcase available support for high-impact projects focusing on public goods, stewardship and philanthropy. Members who deliver results via Bounties, Quests, and Builds can stack their results and issue CoIs. Companies and large organizations can accept CoIs partially or fully in the Commerce Area.
The willingness to pay for CoI is subjective and consensus-based on PoC, depending on the values and views of funders and builders. Members can maximize the value of CoI by acquiring others’ certificates or stacking credits in matching pools for risk management and innovation portfolios.
Impact Certificates issued on the GCRI platforms can be transferred without double-spending and bookkeeping issues using public-private ledger capabilities integrated into CRS for cloud and blockchain-based environments.
Learners can develop new paths to improve skills or learn new ways to measure their Competence Scores in the classroom and workplace. Micro-credentialing on the GCRI platforms is enabled by MPM with a built-in PoC mechanism to help professionals upskill and advance their careers as part of LLL.
A micro-credential is a type of certification typically used for people who want to improve their skills in a specific area. It can be broad or specific, such as “Machine Learning.” To earn micro-credentials, members must complete various activities and projects related to the topic. After completing the requirements, they can submit work and related documents to multiple parties for credential assessment and recognition.
There are no official requirements for micro-credentials. Members on the GCRI platforms start the onboarding process by taking multi-level assessment tests online. Micro-credentials can be issued by institutions, consortiums, regions or industry bodies with complete flexibility in curriculum design and maximum interoperability in career mobility.
Since different micro-credentials are created differently, members must consult with issuing bodies via group leaders and mentors to choose the right path. Members can post Q&A on Assembly for the best possible options in local and international jurisdictions.
Once they complete the required steps for a micro-credential, the results will be available as PoC to showcase that learners accomplished the necessary skills and training needed for work. For instance, designers, researchers and developers planning on participating in LLL and professional development programs can use the micro-credential to receive credit for their work.
The goal of a micro-credential is to provide a PoC showcasing the necessary skills and knowledge acquired to perform a specific job or navigate opportunities in a niche industry. PoC coupled with CoI offers a complete analytical overview of members’ performance at any stage of their career development.
Like other types of certifications, micro-credentials can be used to demonstrate various skills or abilities in any industry.