Rise Of Academic Frauds and Use of Blockchain To Mitigate That
If they can opt for selling counterfeit medicines, there’s no surprise that they can easily get away with academic frauds, which is even harder to trace. A degree that costs a significant fortune where parents have to sacrifice their dreams to make their children educated comes at roughly $250 in China. That’s a gross injustice to those who are tirelessly studying and investing hard-earned funds, sacrificing their comforts for a secured future. But with technology in the rise’s form of blockchain, everything can be digitized, emulated, and traced for fair competition and put an end to this rampant fraud.
What’s the Solution To This Pressing Challenge?
Blockchainization of degrees could pave the way for better educational standards where faster and cheaper solutions can completely make the system effective and beneficial for the educational institutes, corporates, and even students. The University of Nicosia has already started adopting blockchain compliant certificates where special Digital Certificate Number or DCN are stored in the blockchain ledger to be tracked and verified on the network to identify and resolve frauds.
Who in the Blockchain Space is Working To Mitigate this Problem?
Various Companies in the blockchain space have already envisaged different products that could pave the way to make academic frauds days of the past. Many players have already contributed to the blockchain ecosystem where it wouldn’t cost a fortune to make academic results fully digitized.
How blockchain-Edu products work?
Various revolutionary blockchain products that harness the blockchain use cases to use its core values of transparency, accountability, and immutability to fix the grey areas in the education system. Being cloud-based and on-premise, any educational institutes can quickly deploy these systems in no time and usher in the system of blockchainzation of almost everything. The cloud-based APIs can be customized as per the need of the institution to work as an on-premise solution. The data is stored in the network and connected through APIs that form a specific chain of keys that follow a specific trail with non-tampered features. Meaning, we can tamper a degree once verified and locked on the system via consensus with and we can verify them with a unique code that will show its provenance.
Conclusion
Blockchain has limitless potential to be applied in multiple sectors where it can bring better process management at minimal cost with enhanced transparency, accountability, and decentralized operations for a trustless environment of the future.
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