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.