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Parchment is a secure and reliable platform for managing and exchanging academic credentials. It is designed to facilitate the process of requesting, verifying, and sending transcripts, diplomas, and other academic records. The platform caters to various stakeholders in the education and employment sectors, including learners, academic institutions, employers, and government agencies. Key Features and Functions: 1. Transcript and Credential Management: Parchment allows academic institutions to manage and process transcript requests from students and alumni. It streamlines the process of sending official transcripts to other educational institutions, employers, or any other designated recipients. 2. Digital Credentials: Parchment supports the issuance and verification of digital credentials, such as digital badges and certificates. These digital credentials are designed to be easily shareable and verifiable, providing a modern and secure way to showcase academic achievements. 3. Record Digitization: The platform offers services for digitizing and indexing paper-based academic records. This can help institutions transition from traditional paper records to more efficient and accessible digital formats. 4. Enrollment and Admissions Support: Parchment provides tools for managing the enrollment and admissions processes, allowing educational institutions to streamline the collection and evaluation of application materials, including transcripts and other credentials. 5. Student Mobility and Transfer Credit: Parchment supports the transfer of academic credits and credentials between educational institutions, helping to facilitate the mobility of students and ensure the seamless transfer of academic records. 6. High School Equivalency and Licensure: The platform includes features for managing high school equivalency credentials, such as GED® and HiSET® records. It also supports the issuance and verification of professional licensure and certification documents. 7. Employer and Workforce Solutions: Parchment offers services for employers and workforce development organizations, including the verification of academic credentials and the issuance of digital badges for professional development. 8. Network and Interoperability: Parchment operates as a network, connecting various stakeholders in the education and employment sectors. This network facilitates the secure and efficient exchange of academic credentials. Benefits: Efficiency and Convenience: Parchment aims to streamline the process of managing and exchanging academic credentials, making it more efficient for both academic institutions and individuals. Security and Verification: The platform prioritizes the security and integrity of academic records, offering features for secure transmission and verification of digital credentials. Modernization of Credentialing: By supporting digital credentials and online processes, Parchment contributes to the modernization of academic credentialing practices, aligning with the digital age. Interoperability and Collaboration: Parchment's network-based approach encourages collaboration and interoperability between different educational institutions, employers, and other stakeholders. Support for Lifelong Learning: The platform is designed to support individuals at various stages of their educational and professional journeys, from K-12 education to higher education and beyond. Overall, Parchment serves as a comprehensive platform for managing academic credentials, with a focus on security, efficiency, and the modernization of credentialing processes."

• Secure and reliable platform for managing academic credentials Facilitates the exchange of transcripts, diplomas, and other academic records Supports digital credentials, such as digital badges and certificates Services for record digitization and transitioning from paper-based to digital records Tools for managing enrollment, admissions, and transfer credit processes Supports high school equivalency credentials (e.g., GED® and HiSET®) and professional licensure documents Features for employers and workforce development, including credential verification and digital badges Operates as a network, connecting various stakeholders in the education and employment sectors Emphasizes efficiency, security, and the modernization of credentialing practices Designed to support individuals at different stages of their educational and professional journeys