How useful it is to issue digital certificates on the blockchain?

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Blockchain technology is used in several ways in varied industries for offering high-security managing distribution systems and recording valuable information. Blockchain records all transactions without any verification from third parties. An evolving issue in recent years is - counterfeiting certification. It is posing serious threats to people. Issuing paper-based certificates manually is prone to errors and time- consuming. Day by day, the number of people's data is increasing, so deploying a system for both issuing and verifying digital certificates based on blockchain technology can solve issues of forged documents.

What is the current problem with document certification?

Many organisations and businesses need original documents for verification purposes before further processing. Some valuable documents like (birth certificates) exist only once. Parties involved in verification and issuing other certificates may experience hesitancy to handle these sensitive documents and that can result in damage or even loss. Many parties are unable to protect the valuable physical pieces of paper with this process. Another big problem comes from data theft. Many people have reported it. So the question comes: how can this issue be solved? Creating digital proof or digital certificates certified or signed by respective institutions or authorised organisations can be beneficial. With blockchain-based digital certificates, you can access and verify the digital asset's authenticity without depending on any intermediary or third party. Traditional data records like paper files deteriorate over time. storing records like digital certificates on the blockchain can help in safeguarding sensitive credentials from destruction & damage. Blockchain document security methods can help users seamlessly secure their sensitive documents.

What about blockchain solutions?

Blockchain technology has brought a revolution in storing and sharing data. The mechanism of cryptography helps in keeping information fully secured. Blockchain offers a digital ledger or decentralised database of data. Centred on computer networks that approve updates before data get recorded and verified. It lessens the reliance and vulnerability of centralised data storage. Instead of handling physical pieces of documents, issuing and storing digital certificates in blockchain can be advantageous to users. You can efficiently utilise the benefits of blockchain, like - authentication, encryption and decentralisation. Every certificate consists of references of both issuer and receiver with a hash (a sign of document), that is stored in the public database. It is identical in the number of computers throughout the globe. These digital certificates with blockchain technology have vital additional advantages over any other certificates.

How does blockchain make digital certificates work?

When a digital certificate is issued, data gets digitised. A digital identity gets assigned to every certificate. All of the digital certificates are tagged as well as traceable. Original documents are stored safely in the computer networks in the blockchain which are known as nodes. In totality, blockchain makes digital certificates highly transparent and secured. It also makes it easy to unfurl any fraud because this technology can expose any forged or outdated certificates.

Are these digital certificates tamper-proof?

Yes, the digital certificates are tamper-proof not by just signing but right after the beginning of the transaction. A signing algorithm produces a signature that is encrypted through a private key. The digital signature in these certificates can never be forged without having access to the private key of the user or members. With the help of document security QR codes, users can secure their valuable credentials.

What are the potential benefits of issuing digital certificates on the blockchain?

Blockchain has evolved to be beneficial for the financial industry. This technology is the most talked about and sought-after technology used in the world. There are innumerable benefits of issuing digital certificates on the blockchain. Some of them are here: a) Require fewer resources for issuance: Issuance and maintenance of digital certificates on the blockchain require a very less number of resources. As a result, the whole process saves time, effort and human capital. b) Digital certificates are conveyable: Contrary to physical certificates, the digital ones issued on the blockchain need not be carried around every place. Digital certificates are there to exist for a lifetime. These certificates can be easily accessed on any of your devices from any part of the world. c) Ideal as Identity proof: Digital certificates based on blockchain are the best substitution for the traditional proofs of paper identification. Digital certificates are issued on a highly secured framework of blockchain which is fully secured. These verifiable certificates can be easily traced all the way back to an issuer. This method makes the procedure transparent. You can use the blockchain document security method for securing and storing your valuable documents. d) Gives overall data security: Paper certificates can also take days and months to get issued and dispatched. Paper certificates can be altered without issuing the institute's knowledge and that is risky. Digital certificates issued on the blockchain can not be altered by any person. If someone tries to tamper with it, then verification will fail. This makes data in your digital certificates fully secured as well as traceable. e) No third party requirement: Blockchain verification of digital certificates can be performed by any person having access to the network. There is no need for any third party interference for verification. Digital certificates can be verified even if any organisation that issued them no longer exists. f) For micro-credentialing: Every data remains encrypted in the digital certificates issued on the blockchain. Organisations or businesses can issue "micro-credentialing" for recognizing, career skills, learning and so on. It can help both students and organisations. g) Comes at an affordable cost: Using blockchain is not expensive. With the help of the blockchain-powered platform, you can issue digital certificates for numerous services with ease. You may need no extra software or hardware and be done with an internet connection. So in nutshell, the unique features of blockchain technology make issuing digital certificates easy and tamper-proof. Blockchain technology simplifies and facilities the entire process of issuance of digital certificates. It also helps in the easy transfer of these certificates leading to the expansion of contents and information. We hope in the next few years, more and more organisations will come forward in embracing digital certificates issuance on the blockchain. A blockchain document security system can help you to secure sensitive credentials with ease.

Advantages of Issuing a Digital Certificate on the Blockchain

Posted on June 10, 2022

Blockchain is a powerful technology to issue, establish and preserve a cryptographically secure, shared, and distributed ledger for transactions. Digital certificates powered by blockchain don’t need intermediaries to send or verify. Hence, it improves efficiency, secures identity, and ensures tamper-proof data.

With blockchain document security, an institution can empower its recipients with certificates they can own and verify anywhere. Blockchain technology offers a new infrastructure, even a better advanced one, to ensure, share and confirm the training and skills acquired. Each certificate includes references of the issuer and receiver, along with the document signature (hash). This hash is stored in a public database (the blockchain) and is indistinguishable in thousands of computers worldwide.

Quick Advantages

Once you issue any digital certificate with blockchain technology, it has crucial additional advantages compared to other digital certificates. These advantages are like:

Forgery is Not Possible

Nobody can forge the certificates. It is possible to confirm with certainty that the certificate was initially issued and received by the same people mentioned in the digital certificate. Blockchain cryptographically seals a record of the certificate at its creation. It is to ensure that third parties can be confident that nobody has altered the certificate record since its issuing. It smartly improves fraud protection for all the certificates your educational institution issues.

Anyone can Do the Verification

Any person can verify documents with access to a blockchain network that is easily accessible. With blockchain, there is no interference or participation of any third party to validate the certificate. Hence, it ensures that digital certifications are authentic. For example, one can scan a document security QR code to get quick access to the original certificate. The genuine digital certificate will reveal if the hash value on the QR code matches the QR code on the blockchain network.

Moreover, third parties can see them at any time to view the up-to-date credential and information. Even if any certificate is printed, the digital certificate or online version will always be available to confirm it.

Durable & Reliable

There would be no central point of failure given blockchain’s decentralized nature. Hence, you are better in a position to withstand malicious attacks. If anybody modifies or tampers with any certificate, there will be evidence of tampering for everyone to see.

Nobody can Destroy Issued Certificates

Nobody can destroy the certificates that blockchain issues or receives. Hackers can destroy these certificates only if every one of the existing copies is destroyed. it is nearly impossible as copies are in thousands of computers that host this technology. In other words, the decentralized nature of blockchain denotes that it’s almost impossible for anyone to modify or falsify the records.

Ensure Transparency

Any educational institution must ensure transparency. With blockchain, you can demonstrate a commitment to stay transparent with your credentials like digital documents, certificates, etc., while upholding privacy.

The Bottom Line

With blockchain technology, it is as simple as clicking on a button to have all of your digital certificates issued and credentials secured on the blockchain. With blockchain verification, there is no room for forgery or alterations. Try out issuing certificates with ProofEasy blockchain based solutions today!