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 Do Verifiable Credentials Help Authenticate Information Within Seconds?

Posted on September 9, 2023

Fake certificate generation is on the rise. The contributing factor behind this isn’t just the ease of acquiring one—both in terms of money and time and effort—but also the time, effort, and cost involved in verifying the authenticity and validity of a digital and paper certificate. However, there’s a way to instantly verify credentials. Wondering what it is and how is it possible? Keep reading to find out.

What are Verifiable Credentials, and How Do They Support Instant Verification?

Verifiable credentials are either a digital copy of paper-based certificates or are generated digitally to help authenticate the validity of the information claimed on the credential. They are hosted on the blockchain and as such are immutable and tamper-proof.

Moreover, only organizations complying with the rules and regulations laid down in the Verifiable Credentials Data Model 1.0 by the World Wide Web Consortium (W3C) can issue verifiable credentials.

Further, while all verifiable credentials can be called digital certificates, the same can not be said for all digital certificates. For a digital certificate to be deemed as verifiable credential, it must be secured cryptographically, immune to alterations, and verifiable by machines. They must also employ privacy enhancing technologies like decentralized identifiers (DIDs) to provide the maximum security to an individual.

While it might seem like there are a lot of hoops to jump through, these credentials are the future of digital certificates and make it painless to authenticate the stored information.

Verifiable Credentials Support Instant Verification

The process of issuance and authentication for verifiable credentials is quite simple.

The journey of verifiable credentials begins from its issue. An authorized organization or entity uses their cryptographic keys to digitally sign and issue a verifiable credential and awards it to another organization or individual, as the case may be. The issued certificate gets stored on the blockchain. At this stage, if they employ credential verification services like that of ProofEasy, it makes the issuance, sharing, and verification process smoother and faster.

Once issued, they share this with the intended recipient or holder. If they use ProofEasy, they can share the issued certificate directly through the platform. The holder is now responsible for the safe storage of the credential and they have complete authority over how they would like to share it and with whom.

Once they share it with another organization or individual, they give them the right to validate the information. The verifier checks if the credential comes from an authorized source, if it’s relevant, and whether or not it’s tamper-proof. While the process may sound long and tedious, it all happens within seconds on the blockchain.

In case the verifiable credential was issued using ProofEasy, the verifier would have to just scan the associated QR code on the document. Since each document has a unique QR code, the scanning process will help you verify the authenticity of the verifiable credential within seconds of the user granting you permission to access the credential.

So what are you waiting for? Check out ProofEasy today to begin issuing and verifying verifiable credentials within seconds.