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.

The Impact of Blockchain on the Education Industry

Posted on March 27, 2023

Like other sectors, the educational industry also has many areas that need improvement with advanced technology. It is specifically essential given the fast growth of the education sector. Here, decentralized blockchain applications can play a significant role.

Blockchain technology has attained popularity in recent years, with its calibre to revolutionize different industries. This technology can change how education is delivered, accessed, and even verified. The post will unfold the impact of blockchain tech on the education industry.

Ensures Secure Record-keeping

Blockchain can promise secure record-keeping. Educational institutions require to maintain accurate records of student performance and qualifications. Blockchain technology can offer a secure and transparent platform for storing and sharing this information. In addition, the decentralized nature of blockchain guarantees that the data is immutable, secure, and tamper-proof.

Educational institutions use a centralized system to store and share student data. Unfortunately, this technique is prone to errors, tampering, and even security breaches. By using blockchain tech, educational institutions can promise that student records are accurate, tamper-proof, and accessible to pertinent parties, such as employers and different educational institutions.

Confirmation of Qualifications

Blockchain can provide a secure and transparent platform for confirming qualifications. However, verifying qualifications is sluggish, expensive, and even prone to errors. Educational institutions have to confirm each document which is time-consuming and inefficient manually.

Blockchain technology can promise a decentralized platform for verifying qualifications. Each qualification stays stored on the blockchain, along with pertinent information, such as the issuing institution, the issue date, and even the qualification type. Anyone with relevant permissions can access this information, such as employers or other educational institutions. For example, with blockchain-based secure QR code, one can quickly and easily verify educational documents like records, certificates, degrees and more. Such a thing offers a transparent and secure platform for confirming qualifications, making the process quicker, cheaper, and more reliable.

Decentralized Learning Platforms

With blockchain technology, you can also create decentralized learning platforms. For example, educational institutions use centralized platforms, like learning management systems, to deliver content and assess students’ performance. Unfortunately, these platforms are often pricy, inflexible, and do not offer a personalized learning experience.

Decentralized learning platforms offer a more flexible and personalized learning experience. Students would have better control over their learning and rea in a position to access content from diverse sources. In addition, decentralized learning platforms can be more affordable, as they would not demand expensive infrastructure or licensing charges.

Intellectual Property Rights

Blockchain technology can also contribute to protecting intellectual property rights (IPR) in the education industry. For example, there is a significant problem with copyright infringement in education, with students and educators often using copyrighted material without consent.

Blockchain technology can promise a secure platform for managing intellectual property rights. With this technology, you can create a tamper-proof record of ownership and transfer of IPRs. It can help remove the need for intermediaries such as lawyers and agents and reduce the risk of fraud and disputes.

Moreover, one can build smart Contracts on blockchain platforms to enforce IPRs automatically. For example, one can program a smart contract to automatically pay royalties to the patent owner each time the patented invention gets used.

The Bottom Line

Using blockchain technology can strengthen the education industry at different levels. From reducing the documents identity theft through blockchain-based QR codes to ensuring efficient verification of education documents, everything becomes a breeze with blockchain. Know more about introducing blockchain to your educational institution with experts at ProofEasy.