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.

Use Blockchain to Stand Against Data Fraud

Posted on August 9, 2022

Data Security is no longer a luxury or an option. With so much of today’s private, professional, and sensitive information stored and transmitted on the web, strict security and privacy are now essential for everyone.

But, since people are getting online now, you can witness more data breaches and cyber-attacks than ever. However, blockchain can be helpful here. Once there is blockchain document security, you can be at peace about the safety of the data stored. Here you will walk through how Blockchain technology can enhance data security solutions and help keep you secure and in control.

Data is Valuable

Data is turning out to be one of the worthiest resources in the world. The capitalization of most top companies today is dominated by data-centric companies. It denotes your data, mainly your sensitive and confidential data, which is now a primary target for cybercriminals. And if you think that you are protected, you might have to rethink. Many giant companies have experienced significant data breaches over the last few years, negatively impacting millions. Unfortunately, current solutions are not substantial enough to keep you safe.

Blockchain technology can help. The data available on the blockchain network is distributed across a network of people, making it convenient to manage the data. Public services can primarily use such technology to keep public data safe and decentralized without hassle. One can quickly scan the secure QR code on the data or document to access the original data. If the QR code’s hash value matches the hash value on the blockchain network, the data unfolds.

Enhanced Security

Your data is crucial, and blockchain technology has the caliber to alter how it is viewed massively. Blockchain aids in preventing fraud and illicit behavior by generating a record that nobody can change as it is secured end-to-end. You can handle privacy concerns on the blockchain network by encrypting personal data and restricting access via permissions. Since data storage is over a computer network rather than a single computer, attackers have difficulty accessing it. Hence, You can ensure that there is hardly any data fraud or even documents identity theft in your organization.

Offers Encryption &Validation

Blockchain technology offers advanced encryption since everything that takes place on it is adequately encrypted. Similarly, no one can alter the data residing on the blockchain. You can confirm file signatures on all the nodes throughout all the ledgers in the network and ensure that nobody has changed it. The signature stands invalid if anyone does the trick by altering the record.

Other than this, you can make the most of smart contracts by using them within the blockchain to promise that specific validation takes place every time only at the fulfillment of particular conditions. If someone alters the data, ledgers on each node in the network approve the success of the change.

The Bottom Line

Blockchain technology is not a temporary answer when talking about data security. This concept is massively pertinent and has a considerable caliber to influence multiple industries irrespective of their nature and dynamics. You too can ensure blockchain secure documents and data in your organization with Blockchain-based solutions. For successful implementation of blockchain solutions, you can contact ProofEasy!