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.

What Happens When Blockchain Blends with Artificial Intelligence?

Posted on December 24, 2021

Blockchain and Artificial Intelligence are two of the newest technology trends in the present time. Even though these two technologies have highly dissimilar developing parties and applications, researchers and experts have been discussing and exploring their combination.

In simple words, a blockchain is a distributed, dispersed, immutable ledger that people use to store encrypted data. Artificial intelligence works like an engine or even the mind that allows analytics and decision-making from the information gathered. Each of these technologies has its level of complexity. However, both AI and blockchain are in a condition where they can benefit and aid one another.

The Blend Makes Sense

With both these technologies in a position to impact and enact upon data in varied ways, their blend makes sense. It can even take the exploitation of information to new levels. At the same time, the blend of machine learning and AI into that of blockchain, and the other way around, can augment the underlying architecture of blockchain and boost AI’s potential.

Also, blockchain can make AI better coherent and understandable. This way, you can trace and decide why decisions are made in machine learning. Blockchain and its ledger can record all information and variables that undergo a decision made under machine learning.

Furthermore, artificial intelligence can enhance the efficiency of blockchain far better than that of humans or even any standard computing can. A peep into how people run blockchains on standard computers verifies this with so much processing power required to carry out even the basic moves.

How Blockchain & AI Look Together

Blockchain and AI appear to be very contrasting to each other. These are full opposites in the way they work. Though AI is a much-centralized technology, blockchain, on the contrary, is a decentralized one. In the blockchain, people store the record in distinct blocks.

But these two technologies blend to form Decentralized Intelligence: a robust two-edged alliance providing you with efficiency and network security simultaneously. The AI promises high efficiency of the system with the power of its decision making, blockchain guarantees that the information transactions of the system are well handled, promising the best possible security.

Computing allows you to leap in the form of performance. In contrast, a blockchain gets you traceability, where you can easily track down the transactions without any danger of them getting manipulated.

Smart Computing Power

If you were to run a blockchain, with all its encoded data, on a computer, you might require a large sum of processing power. For example, the hashing algorithms that people use to mine Bitcoin blocks follow a brute force approach. It systematically counts all possible applicants for the solution; and checks if every candidate fulfills the problem’s statement before confirming a transaction.

AI affords you the chance to step away from this and deal with the tasks intelligently and efficiently. Just imagine a machine learning-based algorithm that might practically polish its skills right away if you feed it the correct training data.

Data Protection

The growth of AI is fully dependent on the input of data. With data, artificial intelligence gets information about the world and the things taking place in it. Fundamentally, data feed artificial intelligence, and through it, AI will be in a position to improve itself unceasingly.

On the other hand, blockchain is fundamentally a technology that permits the encrypted storage of data on a distributed ledger. It allows for the formation of completely secured databases that the parties who have been approved to do so can look into. When blending the blockchains with AI, you get a backup system for the sensitive and highly confidential personal data of individuals.

Apply the growth of artificial intelligence to big data, and compose with the security blockchain technology provides, it promises the ideal blend for the management of huge databases. The authorities can use QR generated for the security of data. These secure QR codes have a unique hash value that allows the data to reveal only if the QR hash value matches the hash value registered on the blockchain network.

For example, medical or financial data are too delicate to hand over to a single business and its algorithms. Storing this data on a blockchain that an AI can access, but only with permission and once it has undergone the proper procedures, might give you the enormous advantages of personalized recommendations. It, at the same time, safely stores your sensitive data.

The Bottom Line

Once you blend blockchain and AI, their complementary nature boosts the overall system. The blend makes the system lot more reliable and secure. It shows hope for a bright future that might alter the landscapes of diverse industries for good. To know more about how to encrypt a QR code and make the most of solutions of blockchain and AI together, talk to us at ProofEasy.