28 Nov 2018 17:00 IST

SP Jain issues blockchain-enabled certificates to students

The automated, five-step blockchain validation is intuitive and doesn’t require any technical know-how

SP Jain School of Global Management announced the issuance of blockchain-enabled certificates to its students. As many as 1,189 blockchain-based certificates were issued and are now live on Ethereum blockchain.

This move will enable the recruiting organisations and other relevant bodies to validate the veracity of the certificates issued to a student. The automated, five-step blockchain validation is intuitive and does not require any technical know-how on the validator’s end. Prospective employers or other agencies can now directly verify our student’s credentials, authenticity, and view student projects without contacting the institution.

Speaking on this latest development, Nitish Jain, President, SP Jain School of Global Management, said, “Digital certificates are the future. There have been various attempts globally to issue certificates on the blockchain. But, so far, no one has captured the complete lifecycle of the certification. Students’ attendance and other private data are securely stored in the school’s private blockchain and only the certification related data is exposed to the public Ethereum blockchain.”

Vikram Pandya, Director of the fintech programme at SP Jain, said, “We are at the crossroads of a major digital upheaval. Right from shopping to banking, we are going the digital way. It is, therefore, natural to digitise all significant documents in the near future. By scanning the QR code printed on the certificate, anyone can validate the certificate without requiring any additional software or application.” Pandya is a leading fintech expert with extensive experience in BFSI sector and has led the digital certification initiative at SP Jain.

The intelligent custom contract, created in partnership with Smart-Sense Consulting Solutions, allows SP Jain to issue certificates, link students’ portfolio and projects, link students’ transcript and other documents, track its verification/use and control revocation list.