Velocity Career Labs

What Velocity Career Labs does

Velocity Career Labs is a private technology company founded in 2018 that builds blockchain-based infrastructure for verifiable career credentials. The company's two core products are the Career Wallet, a free consumer mobile application (iOS and Android) that allows individuals to claim, store privately, manage, and share employment, education, and certification records, and the Velocity Network, a private-permissioned open-source distributed ledger that records credential metadata, digital signatures, and revocation status. The technology stack is anchored in W3C Verifiable Credentials and decentralized identifier (DID) standards, implementing self-sovereign identity where personal data resides only on user devices and trust is established through cryptographic digital signatures exchanged peer-to-peer.

The company operates a B2B2C model serving four segments: individual professionals (primary), employers and hiring organizations, educational institutions, and certification and license issuers. The consumer-facing Career Wallet is provided free of charge, with the commercial engine likely driven by enterprise network membership or per-credential transaction fees paid by organizations joining Velocity Network as Issuers and Relying Parties. Identity assurance is handled through a partnership with Yoti for remote verification of government IDs and biometric liveness, and distribution is amplified by a native LinkedIn integration that allows users to push verifiable credentials into LinkedIn profiles.

Velocity Network itself is governed by the Velocity Network Foundation, a separate global non-profit cooperative organization that convenes HCM vendors, gig platforms, background and certification processors, education institutions, training vendors, and employers as governance members. Velocity Career Labs is incorporated in the United States and operates from a primary headquarters in Holon, Israel and a US office in Denver, Colorado. No revenue, funding rounds, or headcount figures have been disclosed.

Name

Velocity Career Labs

Legal name

Velocity Career Labs inc.

Website

https://velocitycareerlabs.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Velocity Career Labs is a private company that builds blockchain-based verifiable career credential infrastructure, offering a free Career Wallet mobile app for individuals and the Velocity Network for organizations to issue and verify trusted career records.

Ownership category

akta.pro rank

Product category

Digital Identity & Verifiable Credentials

akta.pro primary industry

Career Exploration, Interest/Skills Assessment & Pathway Planning (EDAFAMAK)

Keywords

• Verifiable credentials
• Self-sovereign identity
• Blockchain credentialing
• Career credentials platform
• Digital identity verification

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Free Consumer App (Career Wallet): The Career Wallet app is provided free to individual users. The company monetizes through enterprise relationships and network participation rather than direct consumer fees. Some Issuers may independently charge for credential issuance (separate arrangement between user and issuer).
2. Enterprise/Organization Licensing: Organizations (employers, educational institutions, certification bodies) join Velocity Network as members to issue and verify credentials. Revenue likely derived from network membership fees or per-credential transaction fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Velocity Career Labs builds and operates the Velocity Network, a private-permissioned blockchain infrastructure that records credential metadata and digital signatures for verifiable career credentials, and the Career Wallet, a free iOS/Android mobile application that lets individuals claim, store privately, manage, and share education and employment credentials with prospective employers and other relying parties via QR code and peer-to-peer encrypted connections.

Product overview

Velocity Career Labs offers a unified product portfolio centered on the Career Wallet mobile application and the underlying Velocity Network blockchain infrastructure. The Career Wallet is a free consumer-facing app that enables individuals to claim, store, and share verifiable career credentials (academic degrees, employment records, certifications, skills) with prospective employers and other relying parties. The Velocity Network serves as the permissioned blockchain layer that records credential metadata, digital signatures from issuers, and revocation events, enabling trustless verification. Issuers (employers, universities, certification bodies) connect to the network to issue digitally-signed credentials directly to users' wallets. The ecosystem includes a Velocity Network Foundation for governance and open-source protocols for interoperability.

Differentiator

Problem solved

Functional benefit

Brands

• Career Wallet: A free mobile application from Velocity Career Labs that allows users to claim, store, manage privately, and share their education and career credentials via Velocity Network.
• Velocity Network
• Velocity Network Foundation

Products and services

• Career Wallet A free iOS and Android mobile application that allows individual professionals to claim, store privately, manage, and share verifiable education and career credentials with prospective employers and other relying parties via QR code scanning and peer-to-peer encrypted connections, built on the Velocity Network blockchain infrastructure.
• Velocity Network A globally accessible, open-source, private-permissioned blockchain network that serves as the Internet of Careers, enabling frictionless exchange of trusted verifiable career records between credential issuers, holders, and relying parties using W3C Verifiable Credentials and decentralized identifier (DID) standards.

Quantifiable outcome

• Eliminates resume fraud and unverifiable credentials
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Velocity Network FoundationcoreStrategic or Co-development PartnerThe Velocity Network is governed by Velocity Network Foundation, a global nonprofit membership organization. Industry leaders from HCM and Education markets join to govern the network, set rules, and drive adoption. The Foundation maintains the open-source protocols and promotes global adoption.
• YoticoreTechnology or IntegrationYoti is a digital identity company that performs remote identity verification for Career Wallet users. Yoti verifies government ID documents and facial recognition to ensure users are who they claim to be before receiving credentials. Yoti (USA) Inc handles US users; Yoti Limited handles non-US users.
• LinkedInflagshipTechnology or IntegrationLinkedIn integration allows Career Wallet users to share verifiable credentials directly to their LinkedIn profiles as posts or under the Licenses and Certifications section. The wallet uses LinkedIn API to share credentials without accessing user accounts.
• HCM and EdTech Industry LeadersflagshipStrategic or Co-development PartnerGlobal industry leaders from Human Capital Management and Education markets participate in Velocity Network Foundation governance and deployment. Members include HR vendors, gig platforms, background processors, education institutions, training vendors, and employers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Credly: Credly is a digital credentialing platform that enables organizations to issue, manage, and verify badges and credentials. It is directly comparable to Velocity Career Labs because both serve as infrastructure for portable, verifiable professional credentials consumed by employers and learners.
• Accredible: Accredible provides digital certificates, badges, and blockchain-anchored credentials for education institutions and training providers. It competes with Velocity Career Labs in the verifiable credential issuance and management space, with similar B2B2C dynamics.
• Parchment: Parchment is a digital credential service that enables electronic transcript exchange and credential verification for education institutions and employers. It is directly comparable as an established player in the credential verification layer that VCL targets.

Broad incumbents

• Checkr: Checkr is a background check technology platform providing automated screening for employers and gig platforms. It is comparable to VCL in addressing employer-side verification of candidate credentials, though with a different underlying technology and model.
• Workday: Workday is a major HCM and enterprise software provider whose customers include many of the same employers VCL targets. It is comparable as a broad incumbent whose Talent Management suite could absorb credential verification functionality natively, posing a competitive threat.
• HireRight: HireRight is a global background screening provider offering employment, education, and identity verification services to employers. It is comparable as a broad incumbent addressing the same employer pain points VCL targets, but through a centralized screening model.
• National Student Clearinghouse: National Student Clearinghouse is a long-established nonprofit providing educational verification and record services to institutions, employers, and credential evaluators. It is comparable to VCL as a legacy incumbent in education credential verification with deep institutional relationships.
• LinkedIn (Microsoft): LinkedIn already offers Licenses & Certifications sections, profile-based credential display, and is investing in verified identity and credentials. It is comparable both as a partner (via API integration) and as a broad incumbent with unmatched professional network distribution that VCL depends on for reach.

Others

• Yoti: Yoti is a digital identity platform providing government ID verification, liveness checks, and reusable digital ID. It is comparable as a strategic partner and adjacent infrastructure provider in the verifiable identity stack where VCL operates.

Emerging players

• Truework: Truework is an income and employment verification platform that automates credential verification for lenders, employers, and consumers. It overlaps with VCL's employer-verification use case, particularly around employment record verification.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/VelocityFdn
• LinkedInlinkedin.com/company/velocity-career-labs

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Velocity Career Labs