Impact
The Global Credentialing Crisis
July 18, 2024·GetSmart Team
The Global Credentialing Crisis
1.5 billion people work in the informal economy. They have skills, experience, and expertise — but no way to prove it that employers anywhere will trust.
This is the global credentialing crisis.
The Numbers
- 1.5 billion workers in the informal economy globally
- 773 million adults with no formal literacy
- 300 million migrants whose home credentials aren't recognized abroad
- $11 trillion in economic value locked away from unrecognized workers
Who It Hurts Most
The credentialing crisis disproportionately affects:
- Domestic workers with decades of experience but no formal qualification
- Agricultural workers with specialized knowledge of crops, seasons, and techniques
- Migrant workers whose home-country credentials aren't accepted abroad
- Self-taught technologists in emerging markets who learned by doing
The Current Solutions Fall Short
Existing approaches — vocational training, micro-credentials, online courses — all require literacy, internet access, fees, or institutional backing. They help the already-advantaged.
GetSmart is built from the ground up for everyone else.
What Changes With GetSmart
When a domestic worker in Indonesia earns a verified GetSmart credential, that credential is:
- Readable by any employer anywhere
- Backed by blockchain verification
- Earned without literacy requirements
- Free to obtain
This is what economic inclusion looks like in practice.
Read our whitepaper to understand the full scope of GetSmart's solution.