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 Technology Reconstruct the Healthcare Sector?

Posted on December 1, 2022

The topic of Blockchain can make you think about cryptocurrencies, but blockchains are open to more than just supporting digital currencies. This technology significantly impacts industries like healthcare, real estate, law, etc. For example, blockchain encrypted QR codes can ensure the authenticity of medical documents.

Blockchain applications can permit healthcare organizations to store and efficiently secure patient information. It restricts the time doctors, and other healthcare providers spend on it so they can get back to their patients. Blockchain applications make for a streamlined procedure when discussing maintaining and accessing patient data, even for patients who hardly need to interact with their providers.

The Working of Blockchain in the Healthcare Sector

Blockchain technology has the power to reconstruct the healthcare sector. The applications of Blockchain in healthcare will not need to work any differently than blockchains in any other field. A blockchain is a shared record of transactions stored in a digital ledger. These are immutable transactions, which means nobody can change them.

Notably, there won’t be any central authority. No participant in the Blockchain essentially has to have a pre-existing bond with another. For example, an insurer may access a patient’s medical records stored in a hospital’s EMR system (with the patient’s consent) even if the insurer has never interacted with the hospital. The primary prerequisite is that the insurer and hospital should first authenticate by the blockchain network.

Healthcare Data Security

Blockchain can immensely improve data security. Healthcare data is some of the most confidential and sensitive information there is. It is even subject to strict regulations like HIPAA. Blockchain tech may guard this data against unauthorized access and tampering. For example, by using a QR code, you can be sure that only the concerned people get access to the data. Once you scan the QR code, the hash value of the code matches the hash value of the QR code on the Blockchain network. If it matches, only then the confidential data reveals. Hence, it ensures immutability.

Healthcare data is primarily stored in centralized databases susceptible to hacking and cyber-attacks. By saving healthcare data on a blockchain, you can distribute it across a network of computers. Hence making it immensely secure.

Enhanced Tracing of Medical Products

Blockchain technology can improve the tracing of medical products. The supply chain for medical or healthcare products is primarily complex and global. It can make it challenging to track medical products’ movement and ensure they are safe. Blockchain technology helps trace medical products’ movement by gathering data on a distributed ledger. This data can track the activity of medical products and ensure their safety.

Efficient & Effective Drug Monitoring

Tracking drugs with the assistance of Blockchain is another option, as it boosts the stability of the process to develop a chain of custody and mistake from the manufacturer to the patient. Effective and proper solutions for healthcare get developed using Blockchain, which aids in tracking a particular drug and stores information about it. It includes where the drug was manufactured when it got paid to patients, etc.

The Bottom Line

Blockchain technology has massive use in the healthcare sector, and the future has numerous innovations waiting. It promises efficient applications such as better data transparency, safe patient care, process efficiency, and robust medical research. Whether you want to use a blockchain secure QR code generator for QR codes or try out other blockchain applications, talk to experts at ProofEasy.