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.

Challenges in The Education Sector After Blockchain’s Involvement

Posted on May 16, 2022

Since Blockchain has a decentralized and secure nature, different industries like finance, healthcare, education, real estate and more are adopting it. Talking specifically about the education sector, the use of Blockchain is growing rapidly.

It is needless to say that blockchain technology is a powerful new tool that has the potential to revolutionize many industries. Talking about Blockchain, public blockchain networks are open to all, whereas private blockchain networks limit participation to trusted parties only. Furthermore, computers on a blockchain network are known as nodes, and they all upkeep a shared ledger of all transactions. This distributed ledger makes data sharing convenient and efficient. It also promotes transparency.

The decentralized nature of Blockchain, together with the security features like digital signatures, encryption, cryptographic hash functions, secure qr codes, and consensus algorithms, protect the data like educational certificates, diplomas and more against tampering. Therefore, the security features of Blockchain are helping in protect student records.

Challenges with the Involvement of Blockchain

Despite the possible benefits of Blockchain, its adoption in the region is still limited. Much of this apprehension may be because of the difficulties of deploying the technology. Have a look at some challenges that educational institutions face regarding blockchain adoption and involvement.

Rate of Adoption

Blockchain, like other technologies, can only succeed if sufficient institutions and employers trust it. Likewise, the graduates will only benefit from ownership of their credentials if the educational institutions or firms they are applying to accept their lawfulness.

However, thousands of educational institutions currently issue and recognize blockchain credentials. As well as a network of job platforms advocating their use, they could soon become the norm rather than the exclusion.

Scalability

Educational institutions have so much data about their students and graduates. It might make blockchain scalability an issue. Since each transaction needs peer-to-peer verification, the number of blocks needed grows as the extensiveness of data involved grows. It slows down the efficiency of transactions on the Blockchain. It can be a considerable impediment if implemented widely.

Lack of Trust Among Blockchain Users

This challenge forks into two orders: educational organizations may not trust the security of the blockchain technology itself. Secondly, they may not trust the other parties on the blockchain network. Every transaction in the Blockchain is secure, private and tested. Even though there is no central authority present to authenticate and verify the transactions, it is the reality. It is a network that is decentralized. An essential part of any blockchain network is the consensus algorithms that drive general agreement about the present state of the distributed ledger for the whole network. It promises that every new block added is the only form of the truth that all the nodes agree in the Blockchain.

Security

With Blockchain, you can ensure that all your educational credentials are safe. In addition, you can be confident about secure document keeping and more. Indeed, though one of Blockchain’s distinguishing characteristics is security, this does not imply that it is impenetrable. On the contrary, because the information saved on the Blockchain is so sensitive – students’ educational records and academic credentials , institutions must be careful what data they store and how they preserve it.

The Bottom Line

It would be innocent to claim that blockchain technology challenges are not significant barriers to its overall adoption. However, if you have professional guidance from expert blockchain technology solutions providers like ProofEasy, you can clear most of the challenges. After all, you cannot deny the impeccable capabilities of Blockchain that it can bring to the table of the education sector.

Tags: blockchain secure documents blockchain technology