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.

Role of Non-Fungible Tokens in Unlocking Gaming’s Next Level

Posted on December 15, 2021

The global gaming industry is expanding across all markets, but it remains structured in a way that mainly benefits game developers. It perpetuates a one-directional stream of value where players spend pennies to unlock access to in-game assets and gameplay configurations.

Contrary to this, blockchain-built games and decentralized applications (DAPPS) allow the players to capture the usefulness and value of in-game purchases and asset acquisitions more productively and effectively. Blockchain technology in gaming is powered by non-fungible tokens (NFTS), digital assets. These represent in-game content. The tokens are distinct, rare, and indivisible. The blockchain networks that support NFTS facilitate player ownership, demonstrable scarcity, interoperability, and immutability. Hence, there is proper blockchain verification for all game purchases.

Changing the In-Game Marketplaces

An exciting thing about NFT-based games is they signify an alternative to the present system for gaming marketplaces. Here, more than billions of dollars get spent annually on in-game purchases. The current system typically limits in-game purchases to a single game and one user, making them necessarily worthless once the user turns out to be disinterested in the game. By turning these in-game items into NFTS, they get value on a secondary marketplace. They can transfer it to other games. The point is, with scarcity, transferability, and even proof of ownership, gamers or players can see their in-game purchases as an asset with probability for future returns rather than simply a fun addition to daily gameplay.

Non-Fungible Tokens & Gaming

The global gaming industry produces income across three market subsections: mobile, computer, and console gaming. These together are appreciated in the hundreds of billions of dollars and increasing. However, though the industry occupants profit from this massive growth, players produce little lasting value for themselves. After investing in pricy consoles, pcs, or even mobile devices, players step into gaming environments that provide them with a tiered-access user experience. In such conventional games, pennies flow in one direction that means players must spend pennies to access in-game content and their exclusive features.

However, contrary to this, blockchain-enabled games are mostly decentralized applications (dapps). These games focus more intensely on producing value for players. Such a dynamic introduces a model shift that permits players to capture better the usefulness and value of assets attained through in-game purchases, regular gameplay, or even promotional events.

For example, once a player buys an armor upgrade in a conventional game, their only perk is increased gameplay inside the context of that one game. However, in any gaming ecosystem that makes use of cross-platform non-fungible tokens (NFTS), the same shield can be tokenized in a manner that transforms in-game purchases into movable assets. These assets can confer benefits across interconnected games or exchange for pennies or other digital assets.

Better Data Security

NFT marketplaces are underpinned by distributed storage solutions that keep the data secure and immutable. For example, an encrypted QR code can guard the game data. One can access the game data only if the secure QR code on the game matches with the QR code on the blockchain network. These QR codes have a unique hash value that must correspond to access the data. Nobody can tamper with them as these are safer and fraud-protected.

Use of NFT by Players in Gaming

Players can use the NFT to trade their overall digital assets and get more points or scores by playing video games. The tokens will be validated and verifiable to all the participants of a game. Users can use their gaming expertise to the full extent and produce revenue in real-time. Players can also purchase weapons, vehicles, and even characters. It can even form up a well-organized gaming marketplace in the times to come. In such a setup, users interested in the virtual world will be able to purchase numerous games and compete actively.

Protection of Identity in Gaming

One of the main problems in the present day of live service games is the safety of personal accounts. One can steal them, or the player can lose them because of negligence. NFTS can help remove this problem by enabling the players to securely own their substances and character builds. It is even if account access gets compromised. This proof of ownership may also be helpful to restore access to the account that has been compromised.

The Bottom Line

The adoption of Non-fungible tokens or NFTS in the gaming world is still in its early stages. But it indeed has the potential to revolutionize the way gamers consume games and in-game asset purchases. With NFT, you can create a gaming environment that promises both thrill and even monetary value to the gamers. To know everything about NFT gaming solutions to QR code encryption software for making gaming securer, contact us at ProofEasy.