The team behind Cardano (ADA Coin), a recent challenger to Ethereum and with a market capitalisation of over $18 billion USD, has just announced the first use case of its blockchain platform: certifying and validating student diplomas on behalf of Greek Universities.
In partnership with the Greek Research and Technology Network (GRNET), Cardano’s R&D company Input Output HK (IOHK) has been working with three national universities to insure the qualifications are genuine and no fraudulent diplomas can circulate.
Offering Public Transparency and Personal Privacy
The Aristotle University of Thessaloniki, Democritus University of Thrace, and Athens University of Economics and Business wanted to establish an extremely fast but reliable means of checking if qualifications were authentic.
Students privacy is maintained by using a cryptographic hash to register achievements rather than a copy of the whole diploma in transparent form. Permission will be required to access the private blockchain but once granted, users will be able to see the relevant details plus proof of verification undertaken.
Unlike finance, education is an area that has seen only a limited amount of projects concerning blockchain technology but signs are that is about to be increased as Cardano’s Greek initiative has foreshadowed an ongoing ICO by BCDiploma.
By developing a specific DApp to allow schools to issue qualifications on the Ethereum blockchain, BC Diploma aims to be the global standard of degree certification to be used on Linkedin and all major job boards.
Both of these projects follow on the heels of the Massachusetts Institute of Technology (MIT) who last summer, as part of a pilot program, gave a cohort of 111 graduates the chance to be the first to receive their diplomas on their smartphones via an app called Blockcerts Wallet, in addition to the traditional format.