The applications of blockchain technology spread far and wide and interestingly enough, they are extending to the education sector as well. One of India’s top ten business schools, SP Jain School of Global Management, has recently issued a total of 1,189 blockchain-based certificates to its graduating students who obtained their degrees and professional certificates.
The handed out certificates are now live on the Ethereum blockchain. The whole purpose of this exercise is to aid and allow prospective employers and other parties, in the verification process. They will lend authenticity to the job seeker’s educational qualifications without the hassle of contacting the business school personally.
The entire validation process is automated and consists of five steps; it is intuitive and conveniently enough, doesn’t require any specific technical skillset or knowhow.
Digital certificates are the future. There have been various attempts globally to issue certificates on the blockchain. But so far no one has captured the complete lifecycle of the certification.
Said Nitish Jain, President, SP Jain School of Global Management.
He further revealed that the students’ attendance and other private data are also securely stored in the school’s private blockchain. It is only the certification related data that is available to the public via the Ethereum blockchain.
The business school’s partnership with Smart-Sense Consulting Solutions resulted in an intelligent custom smart contract, which allows the school to issue certificates, link student’s portfolio and projects, link student’s transcripts and other documents; it also tracks the document’s verification.
Blockchain in Education
It was only back in last month, Malaysia also took a step towards incorporating blockchain tech in its education sector. Malaysia’s Ministry of Education revealed a blockchain-based issuance and verification system particularly for university degrees.
However, unlike SP Jain School of Global Management, the Malaysian Ministry turns towards the NEM blockchain, instead of Ethereum. This was in response to their attempt at curbing fake degrees, which was putting genuine students at a disadvantage.
Moreover, only last month, in North America, the Caribbean Examination Council (CXC) issued blockchain-based academic certificates to 24,000 candidates, who sat through their exams mid this year. These certificates were stored and shared on the free and open-source Blockcerts Wallet, with an aim speed up a verification process that usually takes weeks or months.
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