Copy link
Increase text size
Decrease text size
Link copied

Georgia partners with IOHK for Cardano-backed blockchain verification system for education

Image by Timon91 from Flickr

Mon, 16 Mar 2020, 14:11 pm UTC

Georgia is the first country to use a blockchain-based verification system in the field of education and Input Output Hong Kong (IOHK) will be the first to implement the project in cooperation with the state.

The Ministry of Education of Georgia partners with IOHK, the third-generation R&D firm headed by Charles Hoskinson, also the co-founder of Ethereum and creator of Cardano. The two along with the Free University and the Business and Technology University of Tbilisi have been working together to build a credential verification system.

They are working on a third-generation Cardano-backed blockchain technology that will enable schools and universities in Georgia to store and authenticate grades, credentials, and certificates. Parties with permission can confidently verify academic credentials through the platform reducing the cost and time one incurs the manual process.

George Shekriladze, Representative of IOHK in Georgia, told that the blockchain-based verification system for academics will bring honestly, legitimacy and convenience to the education and human resources industry.

“Today we use centralised data systems. What does that mean? Any digital data is stored in any specific server, or cloud, or someone’s computer …. Different from this, blockchain (which is also called DLT ‘distributed ledger technology’) enables us to save data not only in one localised place but in several places,” said Shekriladze.

“For example, your birth certificate is stored in one of the servers of the National Agency of Public Registry. One technical error, or one cyber-attack, is enough for your birth certificate to be lost, so the state will not have any proof of your birth. While in blockchain, information about your birth certificate is stored in millions, billions of computers so the risk of losing it is almost zero.”

The data about the diplomas and certificates will be saved on the service of the Ministry of Education and it will be copied to the Cardano-based blockchain platform so it will be available to both centralized and decentralized data systems. The same can be used by employers to validate the credentials of potential employees without requiring third parties and skipping the lengthy process.

Shekriladze said that they chose Georgia because of the country as a blockchain-friendly legislative and due to its government’s approach to innovative technologies.

“Georgia does its best to develop innovative technologies. A clear example of that was in 2015, at a time when few people knew about blockchain, Georgia started registering real estate using this technology. This was the first example in the world to use blockchain technology in the state sector. After Georgia, the EU countries also started to think about using the same technology and Georgia has become an exemplary country for them,” Shekriladze explained.

Meanwhile, the Brazilian Ministry of Education will be using blockchain to issue digital certificates to combat the issuance of fake university diplomas. The platform will be financed by private educational institutions as they will be issuing the diplomas exclusively.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • andrewjabel
  • 2020.06.01 15:49:47
Its actually my pleasure to create this awareness of binary option(online) trade which i have invested in for years and was not profitable and encouraging until i got the best strategy for calculating the actual time to invest in other not to lose my money. now i make $15000 every week." make money from that strategy"for further information contact me on>>>>> [email protected] thank you ...........................................................................................
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $11,844.20 (+0.86%)
  • Ethereum (ETH) $436.10 (+0.44%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Chainlink (LINK) $18.74 (+11.57%)
  • Bitcoin Cash (BCH) $304.50 (+3.56%)
  • Bitcoin (BTC) $11,844.20 (+0.86%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.