Summary:
LegitDoc plans to adopt Ethereum Blockchain, setting India amidst early adopters to execute an e-governance scheme for higher education. Martis says mainstream organisations such as the NIT at Surathkal and Ashoka University are in discussions to achieve a similar solution for solving the continuous forgery of documents.
Detail:
The Government of Maharashtra lately declared the partnership with LegitDoc (an Indian blockchain startup) to execute a credentialing system sourced by Ethereum (ETH) for offering tamper-proof diploma certificates. To solve the increase in document forgery, the MSBSD moves against the ban on the Indian crypto and start using Ethereum-based public blockchain.
In an exclusive announcement, Neil Martis – LegitDoc CEO, points out the trend of certificates that get verified using the traditional manual methods. The Maharashtra State Skill Development Council plans to support the digital verification method for all manual verification inquiries.
Highlighting the concern from other local government authorities, Martis mentions that “We have an effective work plan from the Dept of IT and Biotech under Karnataka Government. We imply to work with the Telangana Govt for the primary education and Department of Higher & Technical education under Maharashtra Govt. We are sure to achieve LegitDoc, a success for the student community.”
LegitDoc plans to adopt Ethereum Blockchain, setting India amidst early adopters to execute an e-governance scheme for higher education. Massachusetts Institute of Technology, Malta and Singapore cites blockchain’s capability in controlling the scams associated with document falsification.
Dr Anil Jadhao, MSBSD guides that “In the last decade, there has been a wild spread in forgery of government-issued certificates which have created extreme economic and reputational losses to the stakeholders concerned.” Catching up on MIT’s execution of the tamper-proof blockchain for diploma certificates, Prof. Stuart Madnick’s points that blockchain comes with its bizarre set of challenges.
As a term of caution, Madnick shows his opinion by saying – “The baseline is that while the blockchain platform outlines progress in encryption and security, it is weak in some of the identical ways as other technology, as well as owning new vulnerabilities unusual to the blockchain. However, Human activities or inactions have significant outgrowths for blockchain security.”
Credits: www.cointelegraph.com