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 Protecting Your Data with Blockchain Solutions a Good Idea?

Posted on August 12, 2022

Instances are there where the authenticity of data and documents is crucial. Data is of immense importance when you speak of businesses, institutions, government agencies, or any other organization. These organizations include intellectual property assets, property registry documents, contracts, medical files, chain-of-evidence documents, proper security camera footage, archived documents subject to audit, and different vital data and sensitive documents.

With document or e-certificate blockchain verification, you can be definite that your data and document are secure. Blockchain makes things easier yet tamperproof. This post unfolds how blockchain technology protects your data.

Blockchain is Decentralized

Rather than uploading data to a cloud server or saving it in a single location, Blockchain divides everything into small chunks and distributes them throughout the entire network of computers. This digital ledger of transactions does not have a central control point, and every computer or node includes a complete copy of the ledger. Hence, going down one or even two nodes may not lead to data loss.

Such a thing removes the middle man, which means you do not have to engage a third party to process any transaction. You don’t need to trust a service provider or vendor once you can depend on a decentralized, efficient, and immutable ledger.

Get Encryption and Validation

Everything that takes place on the Blockchain is encrypted, and you can prove that nobody has altered the data. Since Blockchain is distributed, you can check document signatures across all the ledgers on each node in the network and confirm that no one has changed it. If anyone has tampered with the data, the signature stands invalid.

For example, if you run an educational institution and find it hard to validate documents like certificates, Blockchain makes it easy. You can instantly ensure educational certificate verification with blockchain-based secure QR codes. Once you have put the blockchain QR code on the certificate at the time of issuing it, you can be definite that the concerned person can scan it to verify it. The moment they check the QR code, it verifies the data only if the hash value of the QR code matches with the hash value in the QR code on the blockchain network. Hence, there is ease, efficiency, and effectiveness in the verification of all documents with Blockchain.

Other than this, you can even use smart contracts in the Blockchain to promise that specific validation takes place only on fulfilling certain conditions every time. Once there is any change in data, ledgers on all nodes in the blockchain network authorize that the change is done successfully.

The Bottom Line

Nothing is impossible to hack. However, Blockchain appears to be a technology closest to utmost security. Blockchain solutions like certificates validation QR code are undoubtedly an excellent way to ensure data protection, and Blockchain is not a temporary solution when you talk about data security. Once you try Blockchain, you will find it a highly suitable and perfect option for your organization. Know how you can make the most of ideal blockchain solutions with ProofEasy.