A leading Indian business school, SP Jain School of Global Management, has issued over 1,000 certificates to students utilizing blockchain technology. The certificates now live on the Ethereum blockchain, and can be authenticated to prospective employers or other organizations, helping to combat the growing threat of fake diplomas.
Blockchain and Education
Nitish Jain, the president of the school, and well-known Indian educationist and philanthropist, was clear that he believes blockchain can revolutionize the education sector, stating: “Digital certificates are the future…Students’ attendance and other private data are securely stored in the school’s private blockchain and only the certification-related data is exposed to the public Ethereum blockchain. The future is now. It’s either change or perish.”
A Global Trend
There are more countries, organizations, and institutions that are turning to blockchain to help verify credentials. Malaysia’s Ministry of Education recently announced that they had teamed up with blockchain startup Luxtag in order to digitize certificates and combat certificate fraud, as well. One distinction is that the certificates will live on the NEM blockchain.
In addition, the Caribbean Examinations Council (CXC) have utilized Blockcerts to issue blockchain-based certificates to 24,000 candidates who took examinations earlier this year. One of the reasons why this might help this specific region is the fact that the Caribbean is often susceptible to natural disasters such as “hurricane, floods, earthquakes, and volcanic eruptions” that could lead to physical certificates getting lost or destroyed. The Bahamas also established their own blockchain credential system several months ago, as well.
The certificates from SP Jain School of Global Management will utilize an “automated five-step validation” that will not require any sort of extensive technical knowledge whatsoever, which should help with regards to overall adoption.
The SP Jain School of Global Management boasts campuses in Sydney, Mumbai, Singapore, and Dubai, and offers undergraduate, graduate, and postgraduate business courses.
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