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.
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