According to this short article, "a new initiative from the American Council on Education (ACE) and Credly has built on its digital credential program plans by announcing the intention to create a digital 'working transcript.'" This seems to be related to a $1.5 million Lumina Foundation gran to fund "creation of a process for recording the outcomes of training programs as discrete competencies." The model of non-traditional credentials has been a cornerstone for ACE (it provided credentials, for example, for MOOCs). When colleges and universities lose the monopoly on the granting of credentials - what then?
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