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.

Is Blockchain giving us ultimate solution for document and Digital signature ?

Posted on January 4, 2023

Looking around the security world, you can find blockchain all over the place. The concept of blockchain technology has taken up hold of the entire security sector and has become one of the hottest emerging technologies. An increasing number of companies use the blockchain encrypted document to ensure their documents signatures and data is tamperproof and safe. Hence, blockchain technology can promise your business both authentication and immutability.

In the present world, every process, agreement, task, and payment has a digital record and signature that you can identify, validate, store, and share. Intermediaries such as brokers, lawyers, and institutions like notaries may no longer be essential. Individuals, businesses, organizations, and machines can freely transact and interact with one another with slight friction. It is the real potential of blockchain technology.

Blockchain Working Together with Digital signatures

Digital signatures are an essential control in numerous organizations’ security strategies. They rely on the use of certificates and complicated mathematical algorithms to offer the authenticity of the data and protection against fraud.

Blockchain can play a role by adding the business ledger aspect, enabling multiple signatures, and forming timestamps. It helps distribute information across multiple systems in a network contrary to the centralized server. Blockchain adds up a massive value to the concept of proof-of-work. Moreover, there can be no tempering or modification of transactions. Hence, it dramatically secures transactions and signature technologies.

Furthermore, blockchain can transform document signing by adding timestamps and supporting numerous signatures. Hence, it is only possible for other users with a particular digital signature to corrupt or even edits an individual’s data. Authorized parties can securely and efficiently control documents using private keys between the signer and recipient.

Blockchain Gives Independence to Digital Signatures

Digital signatures that you store on a blockchain live independently of the object the specific signature refers to. Moreover, there is no need for any central certificate authority or central timestamping server, which are the characteristic dependencies of current e-signature systems.

Switch to Blockchain-Based Digital Signature

The document signing industry has various opportunities because of the trust and traceability of the blockchain network. Using a blockchain document signing tool to sign an important document, you can remove any chance or possibility that anyone alters the document. Hence, preventing customers from double-checking any sort of entry. So, the headache of forgery in digital signatures ends. The blockchain-based electronic document secure QR code can ensure the authentication and security of the document signature. Nobody can question the legitimacy of blockchain.

Reduced Signing Process with Blockchain

Blockchain-based document signing diminishes the long signing process of documents. It brings a general exchange of verified papers with third-party requesters. Decentralized authentication enables customers to execute the most recent documents and validate their legitimacy. It allows swift processing of different document sections and fast-paced multi-party confirmation.

The Bottom Line

The trust and traceability of the Blockchain platform give enormous opportunities to the digital document signing industry. You can be sure about its authenticity and efficiency by signing a document through the blockchain document signing platform. Learn more about blockchain technology with experts at ProofEasy.