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

Blog content:

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.

How ProofEasy’s out-of-the-box approach to data integrity will benefit you

Posted on May 10, 2021

Introduction

With the pool of business overflowing with big data, 2020 reports revealed appalling statistics of incessant cybercrime attacks.
These reports demonstrated how a hacking attack is performed every 39 seconds. In comparison to any other crime, cybercriminals made a whopping amount of $600 billion in 2018. And through these malware attacks, hackers pry and snitch 75 data records per second.
This meddling by hackers can result in misplaced, incomplete, inconsistent, or inaccurate data. Ergo, businesses must go that extra mile to achieve data integrity to achieve better quality insights and excel in the market.

Importance of data integrity in business:

Why should companies employ Data Integrity?
Businesses often fail when they misinterpret data integrity. It’s neither data security nor data quality but the maintenance of data, its storage, accuracy, and accumulation. Moreover, the product’s effectiveness, potential, and safety; all rely on data integrity.
Without it, businesses have witnessed design failures and the biggest flops of the industry. And most importantly, the data originality is led astray. Hence, companies must focus on removing the in their data before compiling it into service errors .
Risks in Data Integrity
Though data integrity may sound achievable, there exist many obstacles that affect database integrity:
1. Damaged Hardware: Compromised computer devices or server crashes may result in minor faults to significant failures where access to data may be eliminated/limited for a while.
2. Manual Error: Data integrity is jeopardized when information is entered incorrectly or deleted mistakenly from the database. The duplicity of data is also another cause of recurring errors.
3. Viruses and bugs: As mentioned before, hackers have their hands on stealing or altering data each second. Phishing attacks, malware attacks are common ways hackers invade database systems.
4. Data Transferring errors: These errors are likely to appear when a piece of data is available in the destination table but is missing from the source table. This halts the data transfer across various units in the relational database.

How is it essential for business staff?
Fragmentary data can confuse the engineers, analysts, and other staff members, which would lead to inappropriate decisions for a product. As a result, the outcome would be unreliable to be released to the public. The discrepancies in data can only be removed when it is understandable to staff, and only then can the triangulation be achieved. Therefore, integrated data is crucial for the business staff.
Ways to ensure data integrity in the business database:
1. Craft a detailed data management plan.
2. Consistent verification and validation of data with adequate software tools.
3. Backing up and logging of data to keep track of database entries.
4. Restricting accessibility and visibility of data to only the authorized and trusted sources.
5. Performing frequent internal audits and instilling error/ virus detection software, tools.

Benefits of ProofEasy's out-of-the-box approach to data integrity:

ProofEasy ensures every kind of data integrity with its out-of-the-box approach. Be it logical, referential, entity, physical, domanial, user-defined.

This ‘out-of-the-box approach is ProofEasy’s newly developed Blockchain technology to maintain data integrity through the following products:
1. Intelligent and connected business portal: ProofEasy performs custom integration with versatile APIs and embedding them in your business platform.
2. VeriDoc SCM: This product builds a resilient way for your business to track supply chains’ data. Removes any gaps in the distribution network and improves traceability of data records.
3. VeriDoc HR: This is a time-sheet management tool that tracks the activities of the employees on campus. Create tamper-proof sheets and dashboards that analyze ghost employees or the ones involved in time theft.
4. QR Technology: This technology is most effective for real-time scanning of QR Codes. Using hash value functions, it encrypts public-key cryptography and makes it unalterable.

Industries that benefit through this approach by ProofEasy are:
1. Real Estate: Established interface for agents to receive and transfer documents in a secure environment.
2. Financial Institutions: Mortgage Payments, contracts, and other forms can be shared with just a click without any in-person meeting.
3. Wills and Estate: ProofEasy furnishes a way for you to safeguard your will even after you are gone and makes sure nobody tampers with it.
4. Legal and Contractual: This solution lets you organize your files in order with a centralized database with the help of unique identifiers for every case.

ProofEasy’s Blockchain Solution is the perfect combination of hash technologies and a blockchain approach to data integrity. It is a secure way to administer the database system for organizations of all sizes. It verifies and validates all the documents to share their authentic proof of existence with global security, encrypted hashing, and safe transfer between parties.

In line with many reports, Blockchain solutions are forecasted to reach worldwide spending of $11.7 billion. This clearly states that blockchain-powered projects hold all the power and efficacy for a better path to data integrity, security, and quality.

Therefore, it’s wise of ProofEasy to make Blockchain impacted projects and database systems a priority. This helps many businesses, even the new ones, to create a strengthened foundation for customer services. This approach also assists in safeguarding the cloud data of an enterprise. And it is best suited for all types of devices: large servers, android, and even iPhone.

Conclusion

ProofEasy provides its unconventional Blockchain Technology to numerous industries. This helps companies gain the trust of their customers with a decentralized database. This approach also depletes any chance of external theft or fraud that may destroy even the tiniest of aspects.

Product Failures and ruined verification become things of the past, and immutability becomes the top-notch factor. This all is achieved with great cynosure to keep originality intact and render trusted reference points.
It’s time for your business to render out-of-the-box services with this unorthodox yet potent approach.