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 is Blockchain Doing in Education Sector ?

Posted on June 18, 2022

Though Blockchain is becoming a household name, many people are still unaware of its potential social, financial, and economic impacts on everyday lives. Like any other industry, Blockchain has already made its way into the educational sector.

Blockchain is a decentralized, digitalized, and distributed ledger that allows data to be recorded and shared by a community. It enjoys an unprecedented level of trust and transparency. Once new information gets recorded on Blockchain, the data first gets parcelled in a block, confirmed and sealed. The new block is promptly and automatically distributed onto all of the other nodes in the blockchain network. After getting authenticated by each node, it gets added to the previous block to form a chain. It ensures everyone sees the updated records in a network of nodes with no scope of failure.

Accountability via Smart Contracts

Students, teachers, and university administrators can engage in smart contracts. For instance, teachers and students can enter into a digital agreement that specifies an agreement parameter, due date, and grading deadline. Apart from this, educational institutions can also implement smart contracts for student loan payments.

Enhanced Transparency

The immutable ledger technology of Blockchain constructs a chronologist list of events that have materialized in real-time. It helps authenticate transcripts, display a detailed or complete report card, and keep the students honest about their progress. Once students submit their homework through Blockchain, the platform ensures that neither can they lose their homework nor claim the tutor lost it.

Using Blockchain to Preserve Student Records

Record keeping is one of the most typical use of Blockchain in education. The quantity of student records is immeasurable, and establishing academic qualifications can be time-consuming, demanding extensive paper documents and case-by-case authentication. There are enormous unique learning credentials, including certifications, diplomas, digital badges, and apprenticeships. Once talking about transfers across schools or states, blockchain technology can remove most of the overhead involved in the entire procedure and accelerate authentication procedures through certificate validation QR codes.

Blockchain can also save administrators and teachers’ time. With only a few clicks, an educational institution admitting a transfer student can confirm their record and the courses they took using Blockchain. The same principle works in sharing records with employers. For example, one can share the records through blockchain encrypted qr code. Once there is a QR code on the record, the other person (employer etc.) can scan it and get authentic data right away.

Blockchain is Reducing Education Expenses.

By opening up innovative, more low-cost pathways to learning and upsetting the current connection between schools and students, blockchain education is altering the education sector. Handling student fee payments is a laborious procedure that includes numerous stakeholders, including students, parents, private lending businesses, scholarship foundations, federal and state organizations and more. Blockchain technology streamlines this procedure, lessening administrative expenses and possibly cutting tuition costs.

Issuance of Certificates & Diplomas

With Blockchain, educational institutions can issue E-Certificate and diplomas to students over traditional paper documents. In addition to data security and convenience of transfer, digital documents have plentiful advantages over traditional paper documents, including:

they utilize reduced resources and are less susceptible to physical damage.
You can produce digital certificates in a comparatively smooth and straightforward way.
Blockchain based digital documents diminish forgeries and fake certificates significantly.
Contrary to traditional paper-based certifications, blockchain-based documents are tamperproof and straightforward to share.

The Bottom Line

Blockchain technology automates, streamlines, and simplifies educational processes, saving institutions’ resources and expenses. Blockchain adoption is a win-win for both the educational institutions and the students. Learn more about blockchain solutions at ProofEasy.