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.

Identity Theft: The Various Types and Solutions

Posted on January 9, 2023

Data is your most worthy thing, but someone can use it against you. Privacy is one of the most crucial topics people and businesses, in general, are dealing with. Anywhere where data is getting stored, it can be tampered with and stolen. Here, decentralized identification systems using blockchain technology can play a critical role in the fight against the increasing problem of identity theft. Whether data or documents identity theft, Blockchain can be transforming.

Identity Thefts in Brief

Identity theft is the crime of procurement of the personal or financial information of another person to make use of their identity to do fraud, like making unauthorized transactions or purchases. Identity theft is performed in numerous ways, and the victims of the same are typically left with damage to their credit, name, finances, and reputation.
The high-technology techniques involve accessing corporate databases to snip lists of customer information. Once identity thieves or attackers have the information they are looking for, they can ruin a person’s credit rating and the standing of other personal information.
Identity thieves use computer technology to get other people’s personal information for identity fraud. To get such information, they hack into computers or even computer networks; access computer-based public records; use data-gathering malware to infect computers; browse social networking sites; or use misleading emails or text messages. There are numerous types of identity thefts like:

– Financial identity theft
– Medical Identity Theft
– Social Security Identity Theft
– Synthetic or cloned Identity Theft

These were only a few of the many identity thefts. One powerful way to prevent these is to constantly check the accuracy of personal documents and punctually deal with any discrepancies. In this risky time, the requirement for securing one’s identity is significant, and the way to do such a thing is by guarding your documents.

The role of Blockchain

Identity theft-oriented crimes have become a zone of concern. It can adversely impact the growth of digital economy-based growth. Since the questions circle the safety of the digital identity sector, professionals believe Blockchain can help address issues around identity management by insurance self-sovereignty via decentralized networks.

Moreover, there has been data that suggests that Blockchain’s utilization of smart contracts averts data manipulation. It ensures that linked identity management systems stay secure for identity holders. For example, smart contracts can play a role in ensuring that only the authorized parties can get access to data and identity proofs.

Blockchain QR Codes

Blockchain technology contains digital assets, including documents secured through powerful cryptographic keys. It is one of the main reasons that it is tough for attackers to manipulate data stored in the Blockchain. The data stays stored on multiple computers on a blockchain network, so if anyone wants to access crucial information, they will have to get access to all computers, which is nearly impossible in all cases. Even if the hackers get access to data and make any changes to it will be highlighted in the information. Hence, blockchain document storage is transparent and immutable. Once you have put a blockchain QR code on a document or data, you can be sure that only authorized people can access it. The hash value of the QR code is immutable and ensures tamper-proof data.

The Bottom Line

Storing any identity data on a blockchain will help both government and the public to avert identity theft. You can explore Blockchain solutions to prevent identity theft for your organization with ProofEasy.