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Content services provider Hyland has announced that it has acquired Learning Machine, a blockchain-based digital credentialing solutions provider. The terms of the deal have not been disclosed.
Learning Machine leverages blockchain technology to authenticate documents and content. Its credentialing solution allows creating and sharing blockchain-secured digital records that are recipient owned, vendor independent and verifiable anywhere. In addition, its Issuing System enables any organization to easily design their records, import recipient data, issue records and manage the entire credentialing lifecycle.
Bill Priemer, president and CEO of Hyland, said that the acquisition will help them achieve their goal of revolutionizing the way organizations electronically exchange trusted records.
“The addition of Learning Machine’s digital credentialing solutions to Hyland’s content services platform will enable our customers to generate and manage digital documents that are both easily shareable and instantly verifiable,” he said.
Hyland to integrate Learning Machine’s tech into existing platform offerings
The startup has worked with the MIT Media Lab to develop and release Blockcerts.org, an open-source codebase to issue, hold, and verify digital records using blockchain-based verification. It has also developed a commercial software-as-a-service (SaaS) product that simplifies designing, issuing, and managing these digital credentials within a friendly interface.
Learning Machine’s technology is being widely used for issuing digitally secured diplomas and transcripts for and by higher education institutions. Hyland said that more than 900 of these institutions are already its content services platform.
“These customers stand to benefit from Learning Machine’s ability to share and deliver authenticated content. Additionally, Hyland looks forward to accelerating the diversification of Learning Machine solutions across the vertical markets and geographies in which Hyland is already well positioned to help organizations deliver better experiences to the people they serve,” Hyland said.
Following the acquisition, Hyland said it will continue to support Learning Machine’s current solutions and customers as it integrates the technology into existing platform offerings.
“The use of blockchain technology for digital credentialing has become an increasingly urgent need as governments, educational institutions and organizations seek to combat fraud, mitigate risk and relieve administrative burdens associated with the exchange of content,” said Chris Jagers, CEO of Learning Machine. “This acquisition creates significant value for Learning Machine customers who will gain the full benefit of Hyland’s notable support, partnership and accountability.”
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