Besides cryptocurrency, which has revolutionized the financial world, blockchain has also had influence in a number of industries around the globe and as many look to blockchain as the technology of the future, its applications are endless. One of the most interesting applications is its use in education, as a number of institutions around the globe such as the University of Bahrain have begun issuing their certificates via blockchain in a bid to reduce certificate fraud and also ensure that all credentials can be verified instantly for employers and for graduates alike.
It was recently announced that the Chamber of Industry and Commerce of Munich and Upper Bavaria, Germany will be issuing their first blockchain-based training certificates from the spring of 2020 and that this will help combat certificate fraud and will allow credentials to be verified with more ease.
The announcement was made via a press release on November 20, 2019, by the Minister of State for Digital Affairs, who stated that employers cannot make use of an electronic key through which to verify certificates via blockchain.
This will be done by the creation of a web application by the ministry that will allow the verification of certificates using blockchain-based hash values. Applicants will be able to send the key in a PDF document to companies and the upload of the key to the web application will allow the instant verification of the said credentials.
“This offers a huge advantage for both applicants and companies. The authenticity of certificates can be checked in just a few clicks. This is a kind of digital quality seal — Blockchain, Made in Bavaria. The certificates are a first step for the concrete use of blockchain in administration and can theoretically be extended to any type of document, whether a certificate, deed or contract. We want to launch more practical applications soon,” said Digital Minister of the Free State Bavaria Judith Gerlach, who also stated that there was a possibility of the system being applied for schools and universities in the future.