THELOGICALINDIAN - Fake academy diplomas and added accreditation are a huge botheration in this age of professionalgrade artful and press casework However one acute affairs startup says its addition usecase befalling for the blockchain
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Use the Blockchain, Not Your Own Database
Singapore-based Attores says it has the technology to acquiesce training companies and educational institutions to affair their certificates and diplomas application the Ethereum public blockchain.
Once registered there, graduates accept a cellophane and publicly-available almanac of their accomplishment.
Attores CEO David Moskowitz said his aggregation came up with the abstraction afterwards audition of problems with job applicants presenting counterfeit diplomas. In fact, several of these cases came from applicants to high-profile and government positions.
From there, they additionally arrested with some clandestine training companies to investigate the blockchain solution’s amount to them.
“There are assorted allowances to the training company, abate costs associated with issuing, autumn annal and retrieval. Another account is the business part, aback acceptance about affectation the affidavit and others can again trace it aback to the issuer. It has a actual acceptable viral coefficient.”
With professional-grade artful and certificate assembly technology accessible at ever-lowering costs, affected accreditation are acceptable a austere issue. Even if you can’t aftermath one yourself, there are hundreds of online casework blessed to do it for you.
HR departments accept declared their headaches with affected diplomas for over a decade. It’s allegedly a accurate botheration in countries like India.
Cut Costs as Well as Fake Certificates
As able-bodied as abbreviation fraud, Attores’ arrangement additionally cuts costs. Issuing and autumn certificates abandoned can amount an academy up to $40. And that’s after anytime accepting to verify its existence. Doing that costs time and money for the not alone the institutions themselves but additionally HR departments and lawyers.
Moskowitz estimates registing accreditation on a blockchain instead of on acceptable database systems produces a 75% amount extenuative overall.
This video explains how it works:
Advocacy Group Will Use the Tech for Blockchain Courses
Attores’ technology already has one user. Singapore’s cryptocurrency and blockchain advancement accumulation ACCESS will annals graduates of its account blockchain anterior training courses. Moskowitz hopes this real-life advertise will argue added accustomed educational institutions to assurance on.
ACCESS administrator Anson Zeall said the course’s acceptance are agog to get their certificates this way.
“If they still appetite a concrete affidavit they can book them. They can additionally abode it on their Linkedin profile. Anyone can again verify that the affidavit was issued by ACCESS and the apprentice completed the course.”
Attores says it’s investigating added uses for blockchain authentication, including abyssal burden tracking and accustomed agenda signing. “Although there seems to be a lot of advertising about blockchain, there seems to be some absolute use cases emerging,” Moskowitz said.
Do you anticipate this is a atypical and applied use for blockchain technology? Let us apperceive in the comments.
Images via Pixabay, LinkedIn
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