Market Overview

Credential Engine Launches Platforms and Tools to Promote Credential Transparency

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Nonprofit rolls out centralized credential data platform to help
students, employees, and organizations

Credential Engine today launched tools and services to pave the way to a
new level of transparency for educators, employers, students, and
workers looking to navigate the postsecondary credentialing system.

At an event attended by higher education and business leaders, the
organization debuted a first-of-its-kind centralized credential data
platform called the Credential Registry, a common credentialing language
for credential evaluation, a digital application to search for
credentialing information, and an Application Programming Interface
(API) tool to allow organizations to continuously upload up-to-date
information to the Registry.

"This is an important moment in our efforts to bring clarity to the
confusing world of credentialing. By releasing these resources today,
Credential Engine has set the stage for gathering credentialing
information from all types of sources—including degrees, certificates,
badges, apprenticeships, licenses, micro credentials, and
PhDs—drastically improving credential transparency," said Eleni
Papadakis, Chair of the Credential Engine Board and Executive Director
of the Washington State Workforce Training and Education Coordinating
Board.

The launch event also energized the postsecondary education community
with the release of a common credentialing language, the Credential
Transparency Description Language (CTDL). "With the CTDL, higher
education providers will be able to track credentialing trends, assess
credit transfer issues, and assist students searching for their paths to
success in a comprehensive way that has never been offered before," said
Dr. Chris Bustamante, President of Rio Salado College and Credential
Engine Board Member.

Supporters of Credential Engine are confident that its tools and
services will create additional positive ripple effects into workforce
development. "Credential Engine is playing an invaluable role in
connecting job seekers and students to credentials that matter in the
workforce. By making the U.S. landscape of credentials available through
an open, interoperable registry, people will better understand what
credentials are available to them and the learning that stands behind
each of those credentials," said Jamie Merisotis, President and Chief
Executive Officer of Lumina Foundation.

Business Roundtable used today's event to announce a commitment to
promote Credential Engine services to its CEO members, who lead many of
the largest companies in the United States.

"Business leaders are always on the lookout for tools to help them
recruit and hire the best workforce—and Credential Engine is a powerful
tool in that effort," said Wes Bush, Chairman, Chief Executive Officer
and President of Northrop Grumman and Chair of the Business Roundtable
Education and Workforce Committee. "More than 50 Business Roundtable
CEOs have already committed to use Credential Engine's Registry data to
meet their employment needs, and we expect many more to join the
movement."

Over the next year, Credential Engine will gather credentialing data on
a larger scale, work with vendors to develop new applications to
leverage that data, and launch international outreach efforts to
eventually map the global credential landscape. Already, over 1,500
credentials from more than 170 organizations have been submitted to the
Credential Registry. Credential Engine has a goal of 50,000 credentials
by the end of 2018 and 100,000 by the close of 2019.

Credential
Engine
is a non-profit organization dedicated to the mission of
promoting transparency and literacy in the credential marketplace and
sharing relevant information with the public.

Lumina
Foundation
and Business
Roundtable
joined forces in 2016 to create the nonprofit, Credential
Engine
. JPMorgan
Chase & Co.
and Microsoft
have since provided additional support.

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