Blockchain for Universities
From a normal cryptocurrency, the blockchain starts providing a wide array of its extensive applications and use cases. The base of development starts from education, and this will normally reflect on other areas like science, healthcare, agriculture, industry and many more. So most countries now focus on giving an advanced form of academic credentials to its students. With the boom in the blockchain, most schools and education societies found its interest in it.
Currently, there are more than 30000 universities across the globe, providing millions of university courses. In this case, managing such a huge volume of content without any flaws or frauds seems tedious and strenuous. In this case, a technology which is diversified, decentralized can become a great aid in maintaining the trust in certificates, proof of learning and reputation.T he blockchain for universities can very well fit into this, providing great transparency and security to the whole system. Blockchain for academic records can improve the record credibility to the core via immutable ledger technology encrypted for the action.
How blockchain for universities can bring in the revolution?
The value and credibility of university certificates or degree play a vital role in acquiring a decent well-paid job. Technological advancement creates a short distance from employer to its right employee. It is the duty of the educational institution to provide their students identity in a trusted and cross-platform mode so that the students can produce it anywhere confidently without any insecurity feeling.
Benefits of Blockchain For Universities
Document Verification
Blockchain credential verification for universities can benefit the educational institute in large. The university can provide a trusted platform to its graduates to verify their identity from anywhere in this globe. How this can happen? Only through technical integration with current technology. Blockchain for universities can be the correct solution for this. Many universities already are on the way towards this achievement. Universities and schools already started issuing their students with blockchain verifiable trusted academic records. By providing blockchain document verification for universities, it creates a proof of trust between two parties.
For example, Bob holds a university degree from a University say ‘X ‘ and he approaches a recruiter ‘Y’ and apply for a specific post with his current education qualification. For a recruiter, the process of confirming the identity seems to more complicated. The recruiter has to undergo many paper works and even some phone calls to confirm the authenticity of Bob’s academic background. Most recruiters are subjected to undergo the time-consuming verification processes. For this reason, many of them mostly ignore this verification process, creating future challenges if something goes wrong in it.
Suppose if Bob comes from a university who provide blockchain verifiable certificate, the above-said process can be simplified and can be completed in a single click from the side of a recruiter. All that the recruiter needs to do is, confirm who is the issuer of a certain document, the blockchain immutable database eventually will provide its verifiable academic credential to the needy.
By providing academic credential in the blockchain, it refers that the university is providing their graduate a certain authority ie. a verified Identity. A proof of KYC is also provided within this act. Anyone can authenticate the credential through blockchain and confirm the identity.
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