Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset transparent through the use of decentralization. One of the important features of Blockchain is Immutability, meaning that anything recorded on the blockchain can’t be changed in the future. Hence, altering any piece of information would require overriding the entire blockchain network, which consists of many devices and established rules.
When a credential is issued through DocuTag, the academic record is listed and registered into the list of blockchain transactions.
DocuTag uses the NEM blockchain to store the credentials.
Blockchain Security, what keeps your academic records safe?
Imagine not having to worry about losing your academic records, graduation certificates while employers, on the other hand, don’t have to worry about the authenticity of the degree presented to them. This and much more is possible with the introduction of Verifiable Digital Credentials.
Using blockchain Technology, DocuTag digital credentials gain permission ability, immutability, and verifiability. Digital credentials, or even just attributes of a credential, can be shared using QR codes or private and public keys.
When the issuer of a credential decides to issue a Blockchain Credential, DocuTag makes an encrypted record of:
- The Issuer
- The Recipient
- The Award
- The Date of Creation
These pieces of data are encrypted right onto the blockchain. This means that every blockchain credential is incredibly secure.
When needed, the holder can physically or digitally present credentialed information to a verifier who needs to validate that the holder’s credential is trustworthy.
Digital credentials eliminate the hassle of managing multiple physical documents, mitigates fraud risk, and allows holders to selectively share only necessary data with the requesting verifier.
When it comes to digitizing credentials, the first thing that comes to mind is that it’s simply a replacement for traditional paper certificates. However, the digitization of learning records goes much further. The Implementation of a digital credentialing system such as the DocuTag platform empowers employees and students to acquire new skills while having verifiable proof of skills they have gained and are ready to use in their professional life. for employers, this is a chance to broaden the talent pool, create more diversity within the workplace and an easier access to individuals with niche skills.
Tap into the power of Digital credentials by signing up for a free account. For more Information about our credentialing platform or a demo, please get in touch with one of our sales representatives.
Digital transformations may sound overwhelming at first, but it doesn’t have to be with some guidance from our experts. we’re here for you.