Datavault and Arizona State launch VerifyU platform for real-time academic credential verification

Datavault has introduced VerifyU, a blockchain and AI-based platform to provide real-time academic credential verification. 

Arizona State University (ASU) is the first institution to adopt VerifyU, which seeks to address the growing need for secure and efficient verification processes for students, educational institutions, and employers.

VerifyU was developed in partnership with ASU’s Luminosity Lab. The platform offers a system for verifying academic qualifications in real time, providing a secure and tamper-proof process. 

Traditional verification methods often face challenges such as fraud and delays. Studies indicate that up to 70% of job applicants have provided inaccurate information on their resumes, underscoring the need for more reliable solutions.

“VerifyU sets a new standard for secure, seamless credential verification that meets the essential needs of both educational institutions and employers. Our collaboration with Datavault has created a platform that combines academic institutions with practical, scalable solutions,” said Mark Naufel, Executive Director of the ASU Knowledge Enterprise.

The global education verification market was valued at $110 billion in 2023 and is expected to grow to $177 billion by 2030, highlighting the demand for more efficient and secure verification services. 

As academic institutions and employers deal with increasing numbers of graduates and applicants, platforms like VerifyU can help streamline the verification process by offering real-time verification of academic credentials.

Nathaniel Bradley, CEO of Datavault, discussed the platform’s role in addressing verification challenges: 

“By harnessing cutting-edge technologies like blockchain and AI, VerifyU addresses both the needs of students and the requirements of employers and academic institutions. Our platform ensures academic qualifications are verified quickly and securely, giving students the tools they need to showcase their achievements with confidence.”

Streamlining verification for universities and students

VerifyU aims to reduce the administrative burden on universities by providing a system that allows for instant verification of academic records. Current processes often require manual verification, which can be time-consuming and costly. 

The platform offers a one-time fee for students to access their verified records for life, with the revenue shared between Datavault and participating universities.

“As digital credentials and micro-credentials become more important, VerifyU’s blockchain-based solution creates a system that employers and institutions can trust,” Bradley added.