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.

Find Out How Higher Education can Benefit from Blockchain

Posted on February 12, 2022

blockchain document security in singapore

After the launch of Bitcoins in the year 2009, blockchain surpassed its initial financial concentration and expanded into different other industries. It has turned out to be one of the most desirable technologies and is changing the way businesses work and interact with the end-users.
One of the areas where blockchain is making an impact is the higher education sector. Blockchain is challenging the fundamental of the current centralized authority structure of educational institutions. It is doing so by providing a technically sound, powerful distributed system. Hence, removing the requirement for middlemen and third-parties. Actually, blockchain technology can transform higher education via blockchain document security, verified credentials, course management, student performance history, secure content sharing, tokenized academic rewards, and more.

Working of Blockchain

Blockchain is a digital ledger and it is maintained and gathered by all the nodes in its network. When any user starts a transaction, the blockchain network community requires to confirm it. In case the majority agrees that the transaction is lawful, the generation of a block takes place. A unique identity known as a hash is assigned to this block. The genesis block is the first block and every single following block holds the address of the previous block. This forms up a chain of linked blocks, and hence the technology is known as blockchain.

Verified Degrees & Certificates

Blockchain helps in maintaining verified degrees and certificates. If educational documents are stored on a blockchain, the unchallengeable nature of blockchain records makes it nearly tamperproof. It removes the requirement for a third party to offer certified or attested copies of the academic records of students. Moreover , one can access the confidential data of degrees and certificates only if the unique hash value on QR code on the documents matches the hash value of QR code on the blockchain network.

Student Archives

Educational institutions need to spend massive time on student records. They need to annually confirm the accuracy of the grades on the transcripts of students. Now, if a student makes up the mind to move states in the mid of their higher education. It turns out to be tough to track and manage the records of the student. Similarly, the dreariest task is the certification of course contents. It becomes tough for education institutions to avoid the requirement. As they cannot validate uniform course or program content across the two education institutions. One can do such a task in a few clicks with the use of information stored on blockchain network.

Preserving Ownership Claims

Education research is geared towards hunting for new directions and distributing knowledge. Unfortunately, there is unwillingness in sharing ideas and innovations as researchers are at risk of losing intellectual property rights as well as their ownership claims.

Here, since blockchain technology is a sequential vault of data, it can get used by academics to broadcast their research without dread of anyone else making claims to it. Since data on a blockchain stays encrypted via public-key encryption, the academics can share their concepts and innovations with whomever they wish, securely , without any danger of losing their ownership claims.

To Sum Up

With blockchain solutions like document authentication qr code, you can ensure secure procedures in education institutions. Clearly, the impact of blockchain technology on education is huge, with infinite possibilities of how you can leverage it for optimizing learning procedures, inspiring research, and simplifying academic records. Talk to us at ProofEasy and find out about blockchain solutions for your education system.