Georgia to Employ Blockchain for Storing Educational Credentials
Blockchain technology proceeds to get new use cases, not only in theory though in practice as well. According to a recent report, one such new use cases will include storing educational credentials through blockchain technology, and Georgia will be the first country to achieve it.
As part of its new project, Georgia will commence storing, tracking, and verifying educational credentials by leveraging blockchain technology in public services. The report also unveiled that the country will start utilizing the Cardano blockchain to track information.
Nevertheless, Georgia is adopting blockchain technology for other goals, as well. For instance, it is the first region to develop public service offered by employing this technology.
To accomplish this, Georgia is associating with the company IOHK, co-founded and led by Charles Hoskinson, who is also a co-founder of Ethereum, and the creator of Cardano itself. The two are operating together right now to set up the so-called Blockchain Educational Credentials System.
How will blockchain support?
The project is supposed to be completed in a few months, possibly by June 2020. Nevertheless, it has been in the works for quite some time — since June 2019. IOHK inked a memorandum of understanding with the Georgian Ministry of Education and the Business and Technology University of Tbilisi.
The company is being described by George Shekriladze, who stated that the credential verification service would enhance legitimacy to the human resources industry and education industry equally. The blockchain’s decentralized nature will provide data to be stored in various areas at once, as argued to only using a single server, cloud, or one person’s computer.
Moreover, blockchain’s availability will provide students across the country to observe grades, certificates, and more. They will have a secure network that will shield the data, however also one that is very accessible and simple to use, which will allow them to share their academic qualification as per need.
The data will not be deleted without authorization; neither will it be modified or even obtained by unauthorized individuals. As such, it will be in full compliance with the GDPR.
At the same time, prospective employers will also be able to quickly verify potential employee’s academic credentials through the same platform without having to go through the process manually.
As discussed, the education sector will not be the only one that will profit from this technology, as IOHK representatives also allow other uses of blockchain technology in the country. They are promoting new fintech firms, utilizing the blockchain to improve supply chains, and are combining smart contracts’ functionality in several government processes.
Moreover, the company also founded a research center at the University of Wyoming and had granted half a million dollars in ADA — Cardano blockchain’s native cryptocurrency.