Under the deal Hyland says it will continue to support Learning Machine’s current solutions and customers as it integrates the technology into existing platform offerings.
Hyland says Learning Machine is a pioneer in leveraging blockchain technology to authenticate documents and content, and its credentialing solution facilitates the creation and sharing of blockchain-secured digital records that are recipient owned, vendor independent and verifiable anywhere.
“This acquisition is a major step toward our goal of revolutionizing the way organizations electronically exchange trusted records,” said Bill Priemer, president and CEO of Hyland.
“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.”
Chris Jagers, CEO of Learning Machine said: “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”.
“This acquisition creates significant value for Learning Machine customers who will gain the full benefit of Hyland’s notable support, partnership and accountability.”
Hyland says one of the most prevalent uses of the Learning Machine technology today is the issuing of digitally secured diplomas and transcripts for and by higher education institutions.
“With over 900 of these institutions already leveraging the Hyland content services platform, these customers stand to benefit from Learning Machine’s ability to share and deliver authenticated content,” Hyland noted.