The issue of diploma mills is not a new one, it has been around for a very long time. It is one of the most severe and hidden problems in society. For obtaining a good job or earning more money, the degree from a college or university is crucial.
For some people, getting a college degree is not possible due to various reasons. This is where fake degrees fill the void. Diploma mills trick people into getting a fake degree.
The diploma mills are a bogus university that are selling transcripts and degrees. The mills provide a piece of paper, degree, to anyone who pays the tuition fee. The consumers have no idea about the university being a phony. This is because they promise to provide a college degree quickly, based on the life experience. In recent times, there has been an increase in diploma mills.
According to experts, diploma mills make nearly $500 million in a year.
How Are Diploma Mills Flourishing?
Diploma mills are working in the shadows; they set up operations in one country and offer degrees through various websites. In today’s world, where online education is having a growing acceptance, it is challenging to identify them as fake.
Many students have credentials for one or more years of college, but no degrees to prove it. Some are immigrants, they tend to join the less-resourced institutions. While some students cannot afford to attend a college because of their poor economic background. These are reasons why degree seekers become the prey of diploma mills.
The reason for their rise is the lack of jurisdictional authority. In the US, there are different rules for education institutions in every state. The authorities have no mechanism to handle the bogus universities and how to detect them.
How to Stop the Rise of Diploma Mills — Use of Blockchain
In the digital revolution, the use of technical solutions is increasing rapidly. Some companies are adopting new techniques to protect the records of institutional information and academic records digitally.
Blockchain technology is gaining popularity, and many institutions are using it to protect their information. Blockchain provides the users with a decentralized ledger. This ledger is capable of storing the history of transactions and sharing it with the authorized parties. The information can be verified from anywhere in the world. Making the authentication of the data a seamless process.
Both educational institutions and their students will be able to use it. Every record will be a time-stamped transaction. Meaning, once a record of the credentials is recorded on the blockchain, it cannot be changed or modified by any user. If the information is altered, it will disrupt the whole system. This is something that is nearly impossible, so it is a great way to authenticate the credentials of an institution.
Therefore, using blockchain technology can be a great way to deter diploma mills. It is because, with the help of the blockchain, anyone can have access to the history of an institution and check their credentials.
LuxTag’s solution for fake diplomas
LuxTag® provides a system for universities to issue their degrees on the blockchain. The solution enables proof of authenticity and storing a student’s data in an immutable and tamper-proof decentralized ledger. All transcripts are tied to a blockchain digital certificate, accessible using LuxTag’s web application. The project also includes an industry-ready private blockchain platform.
®“LuxTag”, Trademark registered.