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.

How can Blockchain Revolutionize the Future of Education Sector?

Posted on October 27, 2022

The education-tech has made massive strides recently, especially after the covid19 pandemic. However, there is still a long road ahead. Fortunately, technologies such as Blockchain are helping speed up the overall process. Right from educational certificate verification to efficiency, Blockchain can be transforming for education sector.

Ledger tech, coupled with artificial intelligence, smartphones and tablets, is quickly replacing massive desktop computers and old-fashioned textbooks as the preferred way of teaching. Hence, it is giving the education sector a much-required advancement. Blockchain benefits education by growing transparency, improving accountability via smart contracts and incentivizing overall learning. You can use blockchain technology in education in diverse ways to improve general learning, security, authentication, and more for education applications and websites.

Immutable Ledger

The immutable ledger technology of Blockchain creates a chronological list of events that have emerged in real-time. It is effective for verifying transcripts, diplomas and even test scores. In addition, university administrators, teachers, and students can use smart contracts to agree on the due dates of assignments and even organize student loan payments.

Incentives for students

Time is not far when academic institutions can incentivize students to pay their student loans on time. Teachers inspire students by awarding cryptocurrency to those who perform highly or finish a specific major. The gamification factor of education that emerged from tokenization has been tremendously advantageous.

Web Learning Exchanges

One of the main applications of Blockchain in education is web learning exchanges. With the growing adoption of e-learning in students, web learning exchanges have become common and frequent. And blockchain technology has a critical role here.

Whether it is the issues related to teachers not attending the lectures on time; or lack of peer learning, blockchain tech in the education sector takes care of all these by operating as an advanced learning platform for students and teachers. It even facilitates convenient class schedules, payment tracking, accessible learning materials, courses and programs offering, signing up for training, and more. For example, one can easily scan the blockchain secure QR code to access the data immediately to track the procedures and documents. The hash value in the QR code matches with the hash value of the QR code on the blockchain network. Hence, it ensures immutability at every stage.

It helps independent teachers and trainers. They cannot just set up their blockchain-based learning platform but may even store pertinent documents and data. Many advanced blockchain-based platforms can even allow students and teachers to quickly store and organize various documents, assignment materials, grade cards, forms, progress reports, and so on.

A higher Level of Visibility

The immutable ledger technology of Blockchain creates a chronological record of current events. It works well for reviewing transcripts, showing a full report card, and informing students of their progress. Once students turn in an assignment using Blockchain, they cannot use it or claim that the teacher misplaced it.

The Bottom Line

With the use of cryptocurrencies, Blockchains have already changed the financial environment. Using Blockchain in the education system will improve resource usage and the productivity of the school environment. The recruiting process will become easier. Data security and trust get enhanced, and students enjoy lifetime ownership of their academic records. It is all because of record-keeping and sharing rationalization. Whether adopting this technology for e-certificate blockchain verification or secure storage of documents, blockchain technology is here to stay. Know more about how you can use it with experts at ProofEasy.