“One of the challenges commonly encountered is verifying the authenticity of certificates produced by applicants for admissions, jobs, loans, among others. Verifying the accuracy and authenticity of certificates from universities or relevant advice requires considerable effort and processing time.
“Therefore, most of the time, institutes and organizations insist on the production of original certificates by applicants. Academic documents (BlockChain) address these challenges regarding the verification of documents produced by applicants,” added the official. .
Blockchain technology records data in a distributed ledger with ownership of all participating stakeholders. Data is recorded in the chain based on consensus among stakeholders and replicated simultaneously to all locations in the distributed network of blockchain nodes.
âThis eliminates reliance on a third party for verification. The data is linked and stored with cryptographic security so that it is immutable and traceable. Binding the blocks in the blockchain ensures that it does not cannot be falsified and that the data is reliable as it can be verified with participating stakeholders, the official explained.