The university partners with BlockFactory, a blockchain based firm to build a transparent and tamperproof system to store academic certificates.
An interview on CNN Money Switzerland on Sept 21 with St. Gallen University’s CIO, Harald Rotter revealed the university’s use of blockchain technology to issue trusted digital certificates. As the problem of fake diplomas and degrees heightens across the world, the university plans to store over 200 immutable certificates next year.
St. Gallen Pilots Blockchain Project on Digital Certificates
The University is aiming to be the first higher education institution to offer digital certificates in the country. IN a report by UNESCO, over 200,000 fake diplomas exist as the issue of educational fraud takes root in various societies around the world.
The university started the project in early 2018 and is ready to pilot the blockchain, built on Ethereum, to authenticate and verify over 200 academic diplomas. Harald said,
“I saw that it could be necessary and it could be a valid use case to transfer or to make easier to validate our diplomas based on a digital process on blockchain.”
Universities around the World Adopting Blockchain
Educational institutions around the world are looking to develop blockchain solutions to store academic certificates. In April this year, nine universities including Netherlands’ Delft University of Technology, the University of Potsdam’s Hasso Plattner Institute in Germany, the MIT and the Harvard University, Division of Continuing Education, Mexico’s Tecnologico de Monterrey, UC Irvine, UC Berkeley as well as the University of Toronto in Canada, have partnered to launch a blockchain solution for academic certificates.
University of Malaysia also announced the E-Skrol, a dApp built on NEM blockchain that aims to reduce the cases of fake degrees within the country.