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.

Is Issuing a Digital Certificate on Blockchain Beneficial?

Posted on August 5, 2022

New technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Data Analytics, and Blockchain are transforming sectors. These are organizing decentralized data pools while at the same time powering fresh ecosystems. From cryptocurrencies to business process management solutions, blockchain technology has infused and enriched people and systems to support the coexistence of conventional services and new services.

Blockchain is a platform for accomplishing and maintaining integrity in a distributed peer-to-peer system. It removes the requirement for any central authority or even clearinghouse. It can also help ensure blockchain document security, secure storage, and data sharing. This advanced tech has the power to change how data gets stored and shared.

Blockchain promises a decentralized database or digital ledger of certificate information with cryptography to keep information secure. Based on a network of computers to approve and update before it gets verified and recorded. It diminishes the dependency on and susceptibility of centralized data storage.

Since education turns out to be more diversified, decentralized and democratized, everyone still needs to upkeep reputation, trust in certification, and overall proof of learning. Nowadays, all have to show the certificate to any other person for some purpose or job. After witnessing the digital certificate or document, the 3rd person cannot simply authenticate the originality of the certificate.

The same applies to other types of digitized documents such as PAN cards, land registries, and any identity card verification. Enhanced concentration on relevance and employability could even push you in this direction, as you require more transparency. One can solve such a problem and gain trust by introducing blockchain technology in digital certificates. Therefore, generating blockchain secure documents.

Easy Issuing of Digital Certificates on the Blockchain

The general design of a digital certification architecture is somewhat simple. A certificate issuer signs a well-structured digital certificate and then stores its hash inside a blockchain transaction. A transaction output then gets assigned to the recipient. One can access the digital certificate only if the blockchain hash value matches the hash value on the blockchain network.

The point is that you, an institution, can store digital certificates in the blockchain—the right to create new certificates and update information. At the same time, you can utilize the perks of using this technology like authentication, decentralization, and encryption. Although only you can perform the updates, anyone can access the blockchain interface to check the legitimacy of digital certificates stored there.

Preventing Certificate Frauds

Issuing digital certificates with blockchain is a perfect way to prevent frauds. Blockchain document security is typically an immutable platform that eliminates the risk of unauthorized manipulation or tampering of documents (digital certificates).

In order to get access to the digital certificate saved in the blockchain network, the user has to go through blockchain verification. As an educational institution or any other organization, it would be easy to ensure that the certificates you have issued are authentic and nobody can forge them. You can easily give your recipients the flexibility to share their digital documents and certificates without the anxiety of them getting stolen or changed.

Seamless Tracing of Digital Certificates

After a certificate is issued, the data is then digitized and a unique digital identity is generated for each certificate. This helps in keeping a track of the issued certificates and all the other transactions that are occurring with this document.

All certificates will be tagged and traceable. The original document will be securely stored in the network of computers in the blockchain. This is referred to as nodes.

Integration with the QR Code

Blockchain technology can also be integrated with the QR Code system to amplify the efficiency of issuing digital certificates over blockchain-based platforms. The transaction output that was mentioned previously can be a unique QR code provided to the recipient or simply placed over the documents.

This QR code doesn’t work like other barcode systems as it is a blockchain secure QR code. With the help of an integrated QR code system, the third party can easily scan and authenticate the documents without having the need to engage in labor-intensive verification operations.

The Bottom Line

The issuance of digital certificates with the use of blockchain brings several perks to the overall system. The prevention of certificate frauds to generate an embedded QR code, a lot of the operations involved with digital certificates get simplified.

It will also help in eliminating the labor-intensive process and reduce the time of verifying any document. If you are interested to learn more about issuance of digital certificates using blockchain then check out ProofEasy solution.