Blockchain-based certificate validation & verification will help overcome fake certificates problem!
What’s Blockchain Technology?
Blockchain is simply a
Distributed Ledger Technology (DLT) that paves the way for its participants to
record transactions in a decentralized log. The data log is maintained on a
network of computers, instead of one single database. Transactions are approved
by consensus mechanism and every node is secured through cryptographic
principles. Blockchain technology was first used to create Bitcoin, one of the
famous cryptocurrencies whereas its proven integrity in other areas such as
payment gateways, agriculture, banks, education, and a lot more have put forth
the idea of blockchain integration with the digital certificate processing.
 |
| Fig:Blockchain Technology |
Most employers across the
globe ignore educational certificate verification & other credentials
validation of their employees since the processes are time-consuming, tedious,
and highly-priced. Obtaining fake online degrees is far easier than you think
and therefore universities & colleges must issue digital, tamper-proof
certificates with the implementation of blockchain technology.
What’s the Central Theme?
Issuance of digitally
verified certificates on the blockchain network to promote immutability, open
ledgers to provide endorsement & validate it effectively to prevent
counterfeit activities and mutilation of records by involved participants.
Why it’s essential for blockchain to process digital certificates?
There exists an urge to
reduce fraudulent activities and eliminate fake profiles or manipulation of
records in order to assure an honest & seamless trading experience. You now
could have understood why it’s essential for a blockchain certificate
ecosystem.
The Use Cases of Blockchain Implementation in Digital
Certification
●
Land records validation in
Real Estate
●
Employment records
verification
●
University Certificates
processing
●
Agreements between
businesses
●
Digital rights or
Copyrights
Though processing digital certificates on blockchain lends a wide range of use cases, each use case requires customization to make sure the following parameters are satisfied:
●
Auditability of resources
●
Prohibiting all
centralization sources
●
Authenticity of resources
●
Verification &
Validation of buyer
●
The validity of
certificates issued
●
A reliable and trustworthy
network
●
Software for easy adoption
The Outcome!
●
Proven transparency in
ownership certificates
●
Proof of work with maximum
accuracy
●
Auditable & trustworthy
network
●
Rating and review system
for the betterment
awesome article!!!! Interesting blog is wonderful excellent very nice thanks for sharing information.
ReplyDeleteEthereum Smart Contract Development
This comment has been removed by the author.
ReplyDeleteI like this article.I was searching over search engines and found your blog and its really helps thank you so much.
ReplyDeleteRarible Clone Script
This comment has been removed by the author.
ReplyDeleteI really like your blog, that’s a very informative article…. thanks for sharing!!!!!!
ReplyDeleteBlockchain in finance