Blockchain In Education – news feed
Australia-based startup TrustED has launched a blockchain-based academic credential verification service. The platform leverages blockchain technology to enable educational institutions and graduates to both store and authenticate grades, credentials, or certificates for employers, simplifying the process of how academic credentials are verified all the while ensuring legitimacy.
India’s top ten business school, SP Jain School of Global Management, has issued 1,189 blockchain-based certificates to graduands who recently obtained degrees and professional certifications.
The certificates which are now live on the Ethereum blockchain will allow prospective employers and other parties to verify the authenticity of a job seeker’s educational qualifications without having to contact the business school. The validation process is intuitive and technical know-how will not be necessary, according to Business World.
Bahamian job seekers will now be able to share and verify their educational certificates from anywhere, thus reducing bureaucracy and enhancing convenience.
This is after the Commonwealth of the Bahamas became the first country in Latin America and the Caribbean region to implement a blockchain-based nation-wide credentialing system known as Bahamas Blockcerts, according to The Nassau Guardian. Through these nationally-accredited digital certificates, the government of the Caribbean country aims to enhance how national educational qualifications including certificates, academic degrees and diplomas are created, issued, viewed and verified.
Blockchain is a public ledger that automatically records and verifies transactions. The distributed ledger technology (DLT) powers Bitcoin, Ethereum and other virtual currencies (which have taken a beating this month). Less publicized are all the ways DLT could transform many industries. Use cases for a transparent, verifiable register of transaction data are numerous because DLT operates through a decentralized platform making it fraud resistant.
With assistance from Educause and CB Insights, we’ve identified 26 ways that DLT could be deployed by school districts, networks, postsecondary institutions and community-based organizations to improve learning opportunities.