I just found this summary that helps explain further and broader on Micro Credentials for those of us, learning about this.
.... The prospect of short bursts of training that are labour-market relevant for both workers and employers, and backed by a reliable seal of approval, is enticing, to say the least. Employers are acknowledging that investing in training their workforce makes sense to address skills gaps.
Workers could potentially benefit from skills-building that is responsive, timely and relevant, particularly as the rise in gig and non-standard employment means that they may need to gain or demonstrate new skills much more frequently. Microcredentials, a certification of assessed learning associated with specific and relevant skills or competencies, are receiving attention and investment from governments, employers, learners and education and training institutions as a solution to the conundrum of meeting shifting labour and skills needs. Microcredentials are a new way to mobilize workers to acquire and validate skills that meet a labour market need through flexible, short and timely training. ...