How Effective is Blockchain for document verification?

blockchain technology

One of the main issues is that many businesses and institutions do not have the proper resources, expertise, or technology to implement modern document authentication. Many different types of document frauds are there, and every single one requires another method of detection. It takes both time and money to classify the diverse types of fraud and to catch them. It is where a sophisticated, blockchain technology-based document authentication solution can help.

What are Fraudulent documents?

Fraudulent documents may get characterized into different categories.  Have a look at some of them below:

Modified Documents

Modified documents are changed versions of an original ID document. Hackers modify these documents in such a way that the alterations turn out to be undetectable by any naked eye. However, proper document authentication solutions can quickly spot the documents and alert the authorities. Here, if you use a blockchain-based solution like a unique QR code, you can be sure that nobody messes with your documents.

 Illegitimate Documents

Illegitimate documents are the documents that one can forge entirely from scratch. One can detect these documents by document authentication systems via missing holograms, rainbow prints, and other types of standard document details. However, if you use a powerful document verification solution, you may never come across any forged documents.

False Documents

False documents refer to stolen identity documents that criminals and fraudsters use to avoid document checks in places like banks, airports, and other high-security spots.

Document Authentication is a Must

Whether a business, an educational institution, a health care center, or any other organization, documents are everywhere. If someone forges or tampers the documents you issue, your reputation can go for a toss. You may find yourself in legal complications too. Here, the point is, what if a university is issuing a certificate document and it gets forged? You would never want that your students raise their fingers at you, right?

Through document authentication solutions, companies and authorities can effortlessly remain compliant with proper regulations. Apart from this, the correct authentication solutions optimize customer experiences. It is because the verification process is quicker compared to conventional methods.

It is essential to use advanced technologies like stored blockchain and QR codes to ensure that your documents are safe and authentic. You can be sure that the certificates or documents you issue is future proof.  IN general type of QR solutions, you may find decentralized access to the documents, and one can track the records, and there is some possibility of documents getting forged. But when you choose blockchain-based QR codes to verify documents, you can be confident about their safety.

There is a Unique Hash Value to It

Once you use blockchain technology for the documents, it stores data in a shape of a unique hash value, and nobody can alter it.  It includes cryptography that includes encryption of data introducing a hash function. In this way, the data or information in the document becomes unalterable. Nobody can tamper it or hack it in any capacity.

For example, you are an educational institution that issues certificates and degree documents; you would never want your credentials to get forged, right? Here, if you use a blockchain-based QR code to verify your certificate or degree documents, you can be double sure about their safety. All you need to do is just put a blockchain-based unique QR code to your certificate. It includes a hash value that links to another hash value on the blockchain network. When you use the QR code on your certificate documents, you add a hash value to the document.

Once anyone uses their QR reader or QR app to access the certificate document, you can be sure that they get the authentic one. The mobile or app would scan the QR code and matches the hash value to the unique hash value given on the blockchain network. If there is even a smidgen of change or tampering, the certificate will not open. The point is, nobody has the power to access the hash value, and hence, the certificates remain tamper-proof. The way nobody can tamper your bio metric and fingerprints, and DNs, in the same way, nobody can tamper these blockchain-based QR codes.

To sum up

Whether you are a business, a hospital, an educational institution, a bank, or any authority, you can talk to blockchain experts’ companies like Proofeasy to introduce blockchain-based secure QR codes to your documents today. Certificate authentication was never so easy and effective!