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.

Digital identities getting a “New Future” with Blockchain

Posted on January 10, 2023

The digital identity concept works differently for companies, people, and IoT devices. Digital identity is the digital representation of information about a particular individual, organization, or group. Your digital identity includes everything you have on the internet, including images, website usage behaviour, shopping preferences, and bank account information. Unfortunately, digital identity frauds are on the rise. Here, organizations are looking for the ways like blockchain document security to prevent identity thefts.
Businesses have to deal with difficult challenges in digital identity management as they procure sensitive information related to users. These companies gather user data along with routine business data. At the same time, organizations must comply with privacy-centric regulations. On the other side, companies can barely employ the data saved in highly safeguarded data vaults. Hence, organizations need to make the most of the full potential of their digital identity management capabilities.

Blockchain Solving the Digital Identity Issues

It is time that you introduce blockchain for digital identity in your organization. The current state of digital identity and the concerns of businesses, individuals, and IoT devices have been evident. But you know, it is time to know how blockchain solutions can help solve digital identity issues and prevent identity theft and fraud.
The distinguished identity problems that blockchain identity management systems can solve include inaccessibility and data security. Blockchain technology can also help fight against the issue of fraudulent identities.

Preventing Identity Thefts

Blockchain can create a platform that guards individuals’ or businesses’ identities against theft and massively decreases fraudulent activities. Blockchain technology can also help businesses develop robust blockchains that handle the issues of authentication and even reconciliation encountered in numerous industries. Similarly, it can also permit individuals the freedom to create encrypted digital identities that replace multiple usernames and passwords while offering more comprehensive security features that are proficient at saving customers and institutions valuable time and resources.
For example, a Blockchain QR code can easily authenticate a digital identity and ensure that nobody can tamper with it. Once you scan the blockchain QR code, you will get access to the authentic data only when the hash value of the code matches the hash value of the QR code on the blockchain network. Hence, ensures quick identity verification and immutability.

Development of Secure Identity

With the Blend of the decentralized blockchain principle and a complete system for verifying identity, you can create a digital ID for each online user to work as a digital watermark affixed to all transactions performed by the user. In case you properly utilize it, there can be a possibility of ascertaining the reality of individual identity. Blockchain may be the way forward for forming an identity management system that gives complete control to users.

The Bottom Line

Blockchain tech can resolve the pressing concerns for identity management with impressive improvements. For example, blockchain technology solutions like blockchain file sharing even permit the users to determine the data they desire to share across diverse transactional mediums while guarding their identity against theft. So, know how you can implement blockchain for preventing digital identity thefts with ProofEasy.

Tags: blockchain secure docuemnts blockchain technology