Today, however, the verification and recognition of skills remains limited due to the lack of common standards for quality, recognition, and portability, reducing their comparability and limiting their comparability and portability across institutions, employers, and borders. It creates uncertainty for both employers and individuals.
EU Digital Identity Wallets (EUDIW) and EU Business Wallets (EBW) have the potential to transform the European labour market.
Turning formal education, on-the-job learning, and work performance into digital attestations and sharing them through wallets, makes it easier for individuals to move between jobs or studies, while reducing manual verification effort for HR departments, universities, and public employment services. They can support flexible and high-quality learning pathways, and foster inclusiveness and equal opportunities in the transition to a green and digital economy across all Member States.