Allied Irish Bank (AIB), Bank of Ireland and Ulster Bank are piloting a blockchain platform to track and manage employee education and qualifications.

Developed in collaboration with the Institute of Banking (IoB) and Deloitte, it will support the verification, tracking, direct access to, and management of, regulatory and professional designations, education qualifications and lifelong learning credentials.

Employees will be issued with a digital wallet containing all their professional qualifications, which can be shared among competent authorities on a permissioned ledger.

AIB chief executive Colin Hunt explained: “The largest value in a blockchain solution is derived from using the network and achieving this through an industry platform is very attractive.”

The project emerged from a Bank of Ireland innovation programme and used an Ethereum blockchain built by Deloitte’s EMEA blockchain lab.

The pilot phase is expected to be completed later this summer, with roll-out to the IoB’s 23,500 members by summer 2020.

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