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.

Ways of Implementing Blockchain in Education Sector

Posted on September 8, 2022

The education industry has achieved similar weightage as other sectors, such as finance and healthcare. However, the education industry possesses numerous areas that require improvement by employing advanced technologies like Blockchain encrypted QR codes for ensuring tamper-proof documents, certificates and procedures.

Blockchain word was not popular a few years ago. In the present time, you hear a lot of it and its application in the arena of the financial field. Blockchain technology is undoubtedly making its impact on every possible sector. This post will give you an idea about how you can use blockchain technology in the education sector.

Student Records

Student records are one of the most labour-rigorous activities of any institute or university. Even when these records are digitized, Blockchain can benefit them to update grades and efficiently and securely issue transcripts. It permits students to access their records hassle-free and securely.

Blockchain stores student data such as credentials, personal information, and even skills learned; no central administrator like schools or universities own them. Students can easily store and access the data lifetime and ultimately control their data. Simultaneously this ensures that the data students provide is accurate, forming their credibility with their employers.

Improvement of Security & Efficiency for learners & institutions

Blockchain can ensure student data’s identity, privacy, and even security. Through the immutability and hash function it has, Blockchain provides protection and validity. For example, once there is a blockchain encrypted document, nobody can tamper with it, and anyone can quickly validate it. When you put a secure QR code on the document, it makes the document tamper-proof. The data will reveal once the QR code’s hash value matches the blockchain network’s QR code. Hence, it ensures utmost security. Therefore, the students cannot change their past educational data that Blockchain has stored.

Assessment of Different Courses in Educational Institutions

You can also use blockchain technology for smart contracts. It may help a course instructor to develop a smart contract, marking a list of tasks needed for the completion of the course. The smart contract verifies every time a learner or student completes a task. After completing all the studies, the students may be awarded credits for the course. Hence, everything becomes automatic and smooth.

Transfer of Records

Moving from one educational institution to another, you can make student records easily accessible to the new institute by offering access to the Blockchain. It may also be extended to instances wherein grades of students, who move to other institutes as part of exchange programmes, may get easily shared throughout institutes by offering essential access.

Produces a New Market for Digital Assets

Blockchain technology has played a role in students’ digital payments and transactions, making it a necessary part of the digital education system. Blockchain technology can completely reform the payment process that was previously labour-exhaustive and engage students, parents, governments, financial institutions, and educational institutions. Predictably, digital currencies will play a crucial role in this area in the times to come as a payment method for students.

The Bottom Line

Blockchains have already altered the economic landscape via cryptocurrencies, and this technology has already started showing positive impacts on the education sector. Whether document authentication QR code or any other Blockchain-based solutions, introduce them today in your institution to reap the perks. Talk to ProofEasy for any assistance.