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.

Various way of blockchain changing education sector

Posted on August 25, 2022

Essentially, blockchain technology is a distributed ledger technology more well-known for being the technology backing cryptocurrencies like Bitcoin. However, blockchain tech can find extensive applications in diverse sectors, including education, financial, healthcare, and security.

Blockchain is a distributed ledger technology that offers a transparent, supportable register of transactions that can help change the education sector. One crucial perk of blockchain is that it is a decentralized tech that makes documents safe and not vulnerable to fraud. For example, once you store an educational document like a certificate in a blockchain encrypted QR code, you can be sure that your record is immutable.

Many stakeholders have already deployed blockchain inside the education ecosystem for diverse reasons, encompassing improving learning opportunities. Have a look at various ways of blockchain changing the education sector

Good Level of Trust & Transparency

Blockchain technology averts students from changing their creditability, such as grades, degrees, and even certification. It promises the employers that the job seeker has the essential knowledge and skills for the job post. It even helps employers recruit better for the role the job seekers have applied for. It takes place through distributed ledger tech of the blockchain.

Scholarship Openings

There can be the use of blockchain to enhance the scholarship opportunities available for students. It will make it possible to save applicants’ information and track their academic growth securely. Such a thing will promise that only the deserving students get rewards for their hard work and dedication. It will also ensure that the whole process is transparent for all the involved parties.

Growth of Security & Efficiency

Blockchain technology can promise the identity, privacy, and security of the database of students through its immutability. Blockchain offers protection and validity, averting any student from changing the previous data saved in the blockchain.

This technology is much more secure than the conventional methods of paper records. The privacy of the information is ensured by not saving it rather than using a hash. You can encrypt the data before you store it on the blockchain. For example, once you have a blockchain encrypted document, you can be sure that it is safe, transparent, and immutable. Moreover, one can quickly check the authenticity of the education documents like certificates, diplomas, and more.

Registration Procedures

One area that blockchain technology can streamline is the registration procedure for public and private education institutions. You can store the student data using a private key accessible only to parents, students, and school faculty members. It lessens the chance of having sensitive information leaked or stolen and even ensures an immutable record that stays with the student until adulthood.

Helpful with Student Loans

Once students apply for loans, several different organizations verify their applications. Sometimes, this procedure can take up to a month before the money reaches the envisioned recipient. Blockchain technology will help loan companies transfer funds instantly with less charges and less hassle for everybody involved.

The Bottom Line

Blockchain is already bringing a change in the world of education. Gradually, the extensive use of blockchain technology in education will introduce significant revolutionary changes that will transform the education industry to a great level. You can also get started with securing documents with QR code today in your education institution with ProofEasy.