Malaysian University Degree Can Be Verified On Blockchain November 10, 2018 November 10, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 10, 2018 by Kelly Cromley

Malaysian University Degree Can Be Verified On Blockchain

In a tweet dated November 8, the Malaysian Ministry of Education (MoE) announced that it was setting up a university consortium to fight degree fraud using blockchain.

Concurring to the ministry’s tweet, the framework is planned to issue and confirm the realness of college-issued degrees. The new government-supported consortium will at first consist of six public universities and the diploma verification system will operate on the NEM (XEM) blockchain.

According to the Ministry, the new system was created by a group led by a professor from the International Islamic University of Malaysia (IIUM).

The local media report further indicates that the idea of the consortium was suggested by the MoE in order to protect the notoriety and the astuteness of Malaysian universities, to secure the rights of students, as well as to advance distributed ledger technology (DLT).

The MoE informed the media that the important reason behind the setting up of the consortium is to “spread skills training,” as well as to create and embrace the innovation by students and scholastics. In the long term, the ministry expressed it is additionally looking at the improvement of what it alluded to as “industry-standard” blockchain arrangements that could possibly produce income for Consortium member universities.

As of late, a Russian state-backed university reported it would record diploma information on blockchain, pronouncing that the institution has as of now recorded the data of “all diplomas issued over the past ten years” utilizing DLT. Last October, the Massachusetts Institute of Technology (MIT) supposedly became the world’s first university to deliver digital diplomas by employing blockchain technology.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.