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Thanks to blockchain technology, students at Massachusetts Institute of Technology (MIT) will soon be able to share the credentials of their transcript with future employers, campuses, and/or anyone else they want with 100% legitimacy. In addition to earning a traditional, paper diploma or certificate, students of MIT will also be granted a private and encrypted digital key linked to their transcript. Most importantly, this effectively reduces both the time and hassle of having to go through a third-party security source.
In a recent news article, author Lindsay McKenzie suggests:
Aside from convenience for students, [blockchain technology] also tackles another issue facing universities — fake degrees. “There are a lot of people who pretend to graduate from MIT with fake diplomas,” said [CEO of Learning Machines]. “This provides a format that people can’t fake” (McKenzie).
Blockchain technology acts as a tamperproof public ledger that can record transactions with a near 100% guarantee of authenticity. The efficiency and legitimacy of this option is what makes it such a promising project. When reviewing a job application, an HR representative can both verify someone’s academic credentials and the courses they took just by visiting a URL link to the prospective employee’s unique wallet. Ultimately, this method would obviously be much faster than having to involve a third party registrar to verify and notarize a degree. While this may not and should not replace paper degrees altogether; it does, however, illustrate how technology adds convenience and efficiency in both academic and professional scopes.
For more information, read the full article on Inside Higher Ed.