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.

Concepts and Best Practices in implementing QR Codes

Posted on August 27, 2022

For those who don’t know what QR is, it stands for Quick Response. It should give you a proper idea of the intent behind them! These offer users a swift way to access a link by scanning their smartphones. For example, implementing a blockchain secure QR code on a confidential document will make the document tamperproof and easily accessible.

There is no denying that in the last few decades, QR codes have expanded in popularity across diverse applications other than their unique uses in manufacturing. For example, one can conveniently scan the QR codes on their smartphones using QR code scanners. Hence, it heads to its utility in safe documents, marketing, and more.

Lately, the concept of QR codes has increased steeply further in admiration because of its usage for tracing contracts for COVID-19, and it is now all around you. For example, educational institutions are issuing Blockchain encrypted QR codes to ensure their degrees, certificates, and confidential documents are safe and immutable. The point is that Professionals in all sectors are actively looking at blockchain technology for trade finance, smart contracts, and also secure documents such as certificates.

Ensures Quality

Blockchain QR codes also have potential when discussing quality assurance, mainly when anything goes wrong. Since companies can link every facet of the supply chain, in case there is a requirement for a recall or even an investigation into where something went wrong, an encrypted QR code offers a conclusive, contiguous ledger to right away classify the problem. For example, if there is a QR code on the packaging, one can quickly get the information without any delays or inconsistencies.

Security and Dependability

Making payments using QR code presentation mode permits greater data security than conventional systems. When any consumer’s card data or even other payment information does not get read by a merchant’s POS system, exposed to any personnel, or stored on the servers of the ecommerce service but is reserved on a private device, the risk of fraud or even a security breach is decreased. The way blockchain QR code certificate verification ensures peace of mind for business and educational institutions, blockchain QR code for payments will be a significant relief for the finance department of your organization. They can ensure that users can quickly and safely make the payments, and there is no scope for forgery.

Guarantee Protection Against Identity Thefts

Identity theft is a nightmare for users and customers and poses a grave threat to online businesses. Cybercriminals use several techniques, including data breaches, account takeovers, documents identity theft, and even payment card deception. They do it to pursue their illicit motives. A blockchain-based QR code can help you with ensuring protection. Blockchain is a vast, decentralized ledger of transactions maintained by many decentralized sources. Hence, there is no need for a single central authority like a bank to confirm if transactions took place. The point is that once you put a blockchain-based QR code to payments, documents, or confidential data, nobody can hack it or engage in identity theft.

The Bottom Line

Once you look at all the QR codes, mainly blockchain-based codes, these disrupt traditional transaction and record-keeping methods and overall security. You can put a QR code to anything you want to make accessible and secure. Know more about secure QR codes with ProofEasy.