PR Newswire
25 Aug 2022, 06:30 GMT+10
SINGAPORE, Aug. 25, 2022 /PRNewswire/ -- Tinkertanker, a Singaporean technology education company, and Affinidi, a decentralised identity solutions provider founded by global investment company Temasek, today announced the signing of a Memorandum of Understanding ("MOU") to jointly establish and issue digital verifiable credentials ("VCs") to Tinkertanker's trainers and trainees who complete learning courses for adults.
The collaboration aims to simplify and accelerate the upskilling and reskilling process of digitalising the local workforce, by leveraging cryptography and decentralised technology to verify and authenticate job applicants' identities and credentials.
Under the MOU, it will be the first time Tinkertanker, a home-grown small and medium enterprise (SME), integrates Web 3.0 related technology into its core business. Tinkertanker will bring to the collaboration its capabilities of advanced-level adult learning courses such as machine learning, artificial intelligence, robotics processing automation, and blockchain technology to meet the heightened demands of courses arising from the pandemic.
Affinidi expects to provide its expertise in VCs through its proprietary mobile app and digital wallet, Ceal, where users will be able to convert their Tinkertanker physical certificates into VCs, and store them securely on their mobile phones using decentralised technology. Users can also build and manage their digital identity on the Ceal platform and control what information to share and when to share it.
Many Singaporeans have begun to recognise the importance of digital skills and technology training. In 2020 alone, 6,270 professionals, managers, executives and technicians (PMETs) opted for courses to upskill themselves.[1] Meanwhile, more recently the Singapore government also set an ambitious goal of retraining at least half a million mid-career workers a year.[2]
With skills training gaining traction, Tinkertanker's collaboration with Affinidi allows Tinkertanker to keep its focus on offering stellar training curriculums, while streamlining the certification process by collaborating with Affinidi and leveraging on Affinidi's Ceal. Tinkertanker's trainers and trainees are expected to enjoy control over which VCs to share and whom to share it with.
"As we move closer to the next generation of web technologies and the promises of what Web3 innovations may bring, it is critical to establish trust in the digital world by empowering people to secure and control their digital identities, without falling into the wrong hands," said Glenn Gore, CEO of Affinidi. "Verifiable credentials can help reduce the time and cost for organisations while offering accessibility and convenience to users. Our collaboration with TinkerTanker is poised to offer significant benefits to both employers and employees in the long term."
"Using Ceal, we'd be offering our community of over 10,000 learners and educators with a one-stop hub for all their training certificates", said Akmal Abdul Rahman, a director of Tinkertanker. "And that's only the beginning. We're looking forward to other synergies arising through this collaboration."
ABOUT AFFINIDI
Affinidi is a core technology company that enables the creation, sharing, and verification of VCs that are portable and verifiable. Affinidi's solutions empower trusted institutions to issue VCs to users, who can provide consent to share their VCs with other institutions, applications, or service providers, for verification. By sharing these VCs, users can access valuable products and services across platforms and geographies in a trusted, open and interoperable manner.
ABOUT TINKERTANKER
Tinkertanker is a technology and education company that runs coding and digital making classes for learners of all ages, across topics such as micro:bit, iOS, Python, Arduino, Unity, and more. Additionally, Tinkertanker also sells STEM toys via the Get Hacking store, and develops various apps, e.g. GuestDay, a guest registration service; IC Photo app; Spickify, now Helpling Singapore; Arclab, a nano-learning platform; Friction, and EchoClass.
SOURCE Affinidi
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationCHICAGO, Illinois: The Chicago and Cook County health departments say that two people in Cook County have measles. These are the...
WASHINGTON, D.C.: The Trump administration through U.S. Environmental Protection Agency (EPA) is canceling nearly 800 grants, including...
I will never forget that fateful moment when I was just 11 years old, walking back home from school with my friend. Unfortunately,...
SYDNEY, NSW, Australia - The Australian Labor Party has been swept to victory for a second term after defeating the Coalition in an...
WASHINGTON, D.C.: The U.S. State Department has started a second round of its deferred resignation program, according to an internal...
WASHINGTON, D.C.: U.S. President Donald Trump said this week that some fraud cases had been reported to the Justice Department based...
BEIJING, China: China's manufacturing sector lost steam in April, with activity shrinking at the fastest pace in over a year, as new...
SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...
DUBLIN, Ireland: April 2025 saw a slight improvement in the labor market, with the seasonally adjusted unemployment rate dropping to...
LONDON, U.K.: Grocery prices in the UK rose by 3.8 percent in April, slightly higher than last month's 3.5 percent, adding more pressure...
HONG KONG: Hong Kong's housing market continued to lose ground in March, with home prices falling for a fourth straight month despite...
BEIJING, China: China's top airlines are still grounded in red ink, reporting steeper losses for the first quarter as they battle fierce...