A Salute to Blockchain on National Technology Day.
May 11, 1999, was the day India launched its first nuclear test in Pokhran making it
Part of an aristocratic group of countries possessing nuclear weapons.
More symbolically, the achievement represented India’s gigantic contribution to the field of science and technology. No small wonder that the prevailing government during that time designated May 11, as World Technology Day, to commemorate the achievements and contributions of scientists and technologists. Just as our nuclear success has left permanent footprints in the sands of time, so too does educational distinction have the potential to powerfully build a nation’s economy And then, when education and pioneering technology fuse, the outcome will be ground-breaking.
Welcome to Web 3.0 and Blockchain
Web 3.0 and blockchain are the future. They are game-changing. More so, in these pandemic times, when online education and digitization have become the new normal even as the dark side of the cyber world lurks in the shadows.
There is no escaping that in India, many “degree mills” providing illegitimate academic degrees, diplomas, or PhDs exist. Even though, presenting fake degree certificates is a punishable offence, under the Fraud Act, 2006, that can result in imprisonment of up to ten years.
To tackle this challenge and other security-related ones, educational institutes are adopting pioneering Blockchain & Web 3.0 technologies, as they shift from physical to digital issuance of credentials.
Blockchain has been developed as one of the essential technological layers of Web 3.0. It is responsible for facilitating trust in a trustless virtual landscape.
Web 3.0, on the other hand, is futuristic third-generation internet technology. With Web 3.0, websites and apps can smartly process information using artificial intelligence, machine learning,ry65 big data, and blockchain technologies.
Blockchain Advantage for Educational Institutes
Job Hunting becomes easier
Blockchain allows students to own their personal records and control their academic identities. As a result, when job hunting, they are able to prove the accuracy of their credentials very easily and have control over what an employer can access.
Student records are managed better
A blockchain empowered platform allows institutes direct access to student records, which otherwise demands a lot of time and effort.
Document confirmation can also be easily accessible and completed in a few clicks. Blockchain can easily manage the transfer of student records when are on exchange programs or those who change institutions in the middle of the academic year
Certificates and diplomas can be issued flawlessly
Blockchain helps in issuing digital certificates and diplomas to students Unlike conventional paper documents, digital credential holds several advantages. They are less prone to damage, significantly reduce forgery, and the issuance process, which is smooth, consumes fewer resources.
Documents can be stored securely
Digital storage of documents like degrees, curricula, and miscellaneous records takes up a lot of space. And locally storing academic documents can result in a loss of data.Decentralization is also not possible with cloud storage.With a blockchain system, documents are stored in a secure and easily accessible manner.
TruScholar, a leader in digital Credential Issuance
Document issuance and verification is a complicated domain involving multiple tedious authentication procedures. And as every organization has its peculiar authentication, verification, and issuance process, it becomes difficult to implement a standard verification procedure.
Here is where the power of blockchain comes in up. By leveraging blockchain, the TruScholar digital credential issuance platform can secure academic records in an impenetrable manner and negate fraudulent claims by proving the legitimacy of credentials.
In addition, our blockchain platform – which caters to educational institutes, universities, EdTech companies, and recruiting agencies – makes Digital credential issuance and verification quick as-lightening and inexpensive with its in-built easy-to-share and verify mechanisms.
Built on the open course Hyperledger Indy Blockchain Platform, a public permissioned network that is also compliant with the W3C DID’s protocol – DID (Decentralised Identifiers) protocol, our platform conforms to the interoperability standards being developed by the W3C Verifiable Claims Working Group.
Online Education will fuel the need for Blockchain-powered TruScholar’s platform.
Did you know that India has one of the largest networks of higher education institutions in the world? It is also the second-largest market for e-learning after the US?
Industry stats, current security challenges, and the convenience of digital credentials are taking forward TruScholar’s thrust towards building a more academically-strong and economically powerful India. More Power to Blockchain & TruScholar. Let’s celebrate this year’s Technology Day with block-chain-powered TruScholar.
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