• Fri, 24 May 2019, 09:00 PM
  • All times are UTC
  • Edition:
Link copied

MIT and other universities team up to explore blockchain potential for management of academic credentials

Wed, 24 Apr 2019, 04:31 am UTC

Nine leading universities have teamed up to form the Digital Credentials collaboration that will aim to create a trusted, distributed, and shared infrastructure standard for issuing, storing, displaying, and verifying academic credentials.

Participating universities include Delft University of Technology (The Netherlands), Harvard University Division of Continuing Education (USA), the Hasso Plattner Institute (University of Potsdam, Germany), Massachusetts Institute of Technology (USA), Tecnologico de Monterrey (Mexico), TU Munich (Germany), UC Berkeley (USA), UC Irvine (USA), and the University of Toronto (Canada).

Sanjay Sarma, MIT vice president for open learning, said that those who complete a degree from an institution are currently required to reach out to the institution – either by mail or in person — each time there is a need to verify the academic credentials earned.

"This can be a complicated problem, especially if the learner no longer has access to the university. Such is the case with many refugees, immigrants, and displaced populations,” he said.

Digital credentials will allow learners to maintain a verifiable digital record of their learning achievements, such as traditional degrees, badges, internships, bootcamps, certificates, and more, all of which they can easily share with employers or other institutions.

The initiative aims to use technology that relies on strong cryptography to prevent tampering and fraud, and shared ledgers to create a global infrastructure for anchoring academic achievements. It will build upon earlier research efforts by partnering institutions — including MIT's pilot program for issuing all of its graduates a digital version of their diploma that is verified against a blockchain.

“We are exploring how recent advances in public key infrastructures, public ledgers, and blockchains can be used to rethink the way we recognize and transact with academic achievements,” the website reads.

According to the official release, the team is currently focusing on the evolution and governance of a shared standard.

In June 2018, Ripple announced the University Blockchain Research Initiative (UBRI) to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,088.62 (+3.27%)
  • Ethereum (ETH) $253.12 (+3.94%)
  • XRP (XRP) $0.390000 (+3.17%)
  • Bitcoin Cash (BCH) $415.51 (+4.36%)
  • Litecoin (LTC) $101.44 (+14.82%)
  • Bitcoin (BTC) $8,088.62 (+3.27%)
May 24, 2019 (Friday)
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
German engineering giant Bosch trials Ethereum blockchain
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
Bank of Russia to review proposal on gold-backed cryptocurrency
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
Robinhood Crypto is now in New York
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
California resident sued for alleged $26M crypto Ponzi scheme
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
Rep. Swalwell accepting bitcoin donations in bid for US presidency
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
Binance CEO CZ seeks compensation for reputational damage from Sequoia
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
Coinstar extends bitcoin buying service to 21 US states
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.