According to a new report by Forbes, Blockchain Technology could be extremely helpful in solving fake diplomas issues in India and China.
The report says that Blockchain Technology is “an unalterable and incorruptible audit trail” and using this technology, it is impossible to counterfeit a certificate. A blockchain acts as a digital ledger of all transactions across a peer-to-peer network. The blocks are secured through cryptocurrency. Every certificate which is logged as a transaction on the blockchain network becomes a part of it.
A smart contract and blockchain company, Attores which is led by CEO David Moskowitz empowers educational institutions in China and India to issue and verify their certificates using the Ethereum blockchain.
A detailed report in OEB insights was published by Donald Clark in 2016 on how the blockchain technology can be put to use by educational institutions (individual or group) and both national and international educational bodies. The technology can be used to securely store badges, credits, qualifications etc.
According to the report, Holburton School in San Fransisco uses blockchain to store and deliver its issued certificates to stop fake certification.
IBM and Sony in August announced a new block-chain based student education records platform which will allow the school administrators to manage student’s educational data. This will also allow them to refer to their learning history and digital academic transcripts.
In a statement, IBM said, “Blockchain technology can help bring transparency and build trust to transactions. It enables users to create networks that are permissioned and immutable; meaning they cannot be changed or altered by any one party. When a transaction takes place on the blockchain, all members of the network can see it, therefore operating from a common truth.”