SP Jain School of Global Management ranked amongst India’s top ten business school, issues 1,189 blockchain-based certificates to graduands who recently obtained degrees and professional certifications.
Now live on Ethereum blockchain, these certificates will enable prospective employers and other parties to verify the authenticity of a job seeker’s educational qualifications. According to Business World, the validation process is intuitive and technical know-how isn’t a necessity.
The prospective employer or other parties do not require additional software or specialized equipment, all they have to do is to scan the QR code which is printed on the certificate. The block created for the graduate will include their educational qualifications, portfolio, projects and even attendance.
All this information will be available without compromising the privacy of the graduates. The President of SP Jain School of Global Management, Nitish Jain stated:
“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. 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.”
Malaysia’s Ministry of Education announced a blockchain-based issuance and verification system for university degrees, last month. In an attempt to curb fake degrees that are rendering genuine students under a disadvantage and the overall ecosystem in peril, Malaysia is employing NEM blockchain.
“The fake educational certificates not only disadvantage genuine students but also pose numerous dangers to society when critical sectors such as healthcare are staffed with people of questionable expertise.”
Last month, in North America, the Caribbean Examinations Council (CXC) issued blockchain-based academic certificates to 24,000 candidates. The blockchain-based e-certificates were stored and shared on the free and open-source Blockcerts Wallet and is aimed to speed up the ‘verification process that usually takes weeks or months’.
In recent months there has been a noticeable increase in blockchain adoption by educational institutions, institutes in the likes of the Russian University, the University of Tokyo and the Kingsland University are offering various blockchain and cryptocurrency related courses.