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Blockcerts: An open Standard for Blockchain educational certificates
Blockcerts is an open standard for creating, issuing, viewing, and verifying blockchain-based certificates. These digital records are registered on a blockchain, cryptographically signed, tamper-proof, and shareable. The goal is to enable a wave of innovation that gives individuals the capacity to possess and share their own official records.
Type of content:
Assets
Type of asset:
Standard
Big data potential
Yes
Policy domains:
Education, Youth, Culture & Sport
Phase in the policy cycle:
Policy Implementation
Open license availability
No
Website
Tags:
Smart work
IT
IT architecture
Serves:
Addresses:
| SWOT Analysis for Blockcerts: An open Standard for Blockchain educational certificates |
||
|---|---|---|
| Helpful | Harmful | |
Internal |
Strengths• Creating, issuing, viewing, and verifying blockchain-based certificates. • Digital records are registered on a blockchain, cryptographically signed, tamper-proof, and shareable. |
Weaknesses• Low ease of use • Because of the nature of blockchains, it will always be slower than centralized databases • Initially, taking part in standardization does require an investment (in terms of sending experts, travel costs and the overall costs of participation, training personnel etc.) |
External |
Opportunities• Enable a wave of innovation that giving individuals the capacity to possess and share their own official records. • Standardization promotes efficiency and quality assurance in industry, technology, science and the public sector. It serves to safeguard people and goods and to improve quality in all areas of life. • Interoperable future: Create technical resources that other developers can utilize in their own projects. Rather than independently developing custom implementations, work together to build an interoperable future. • Collaborations: Ongoing development, actively encourages other collaborators to get involved. • Areas in which digital certificates provide exciting opportunities include: o Corporate/ enterprise training: Many large companies offer a myriad of training opportunities to their employees, but they lack systems to reliably track and store the results. Existing HR systems are often monolithic and don’t talk to other corporate databases, there are no consistent ways to compare skills, and accomplishments are not portable o Workforce development: There are millions of apprenticeship records and certificates, but no systems to manage them. |
Threats• Professional reputations: Need to be thoughtful about its design, and the type of institutions that will be trusted to govern it. • Nascent technology: resolving challenges such as transaction speed, the verification process and data limits • Uncertain regulatory status. • Control, security, privacy: while solutions exist, including private or permissioned blockchains and strong encryption, there are still cyber security concerns that need to be addressed • Integration concerns: Blockchain applications offer solutions that require significant changes to, or complete replacement of, existing systems. In order to make the switch organizations must strategize the transition • Cultural adoption: Blockchain represents a complete shift to a decentralized network, which requires the buy-in of its users and operators |
