Blockchain for Academic Credentials
This addresses inefficiencies in credential verification for recruiters and institutions, but it is incremental as it builds on existing BlockCerts standards.
The paper tackles the problem of inefficient academic credential management by proposing a blockchain-based solution using BlockCerts, enabling recruiters to verify credentials without centralized third parties, resulting in reduced time, cost, and increased transparency.
Academic credentials are documents that attest to successful completion of any test, exam or act as a validation of an individual's skill. Currently, the domain of academic credential management suffers from large time consumption, high cost, dependence on third-party and a lack of transparency. A blockchain based solution tries to resolve these pain-points by allowing any recruiter or company to verify the user credentials without dependence on any centralized third party. Our decentralized application is based off of BlockCerts, an MIT project that acts as an open standard for blockchain credentials. The project talks about the implementation details of the decentralized application built for BlockCerts Wallet. It is an attempt to leverage the power of the blockchain technology as a global notary for the verification of digital records.