TBILISI, Georgia – August 02, 2018 – Emercoin announced today the successful implementation of its open-source “Trusted Diploma” blockchain platform by the Business & Technology University (BTU).
As blockchain grows beyond fintech to empower other industries with new levels of security and immutability, the unique collaboration between Emercoin and BTU marks a new phase in the technology’s expansion. Currently in use by BTU, the Trusted Diploma platform uses blockchain to provide the education sector with verifiable diplomas and other certificates on an encrypted and secure app. The app ensures that the competencies of all graduates are easily and clearly verified.
BTU is using the open-source “Trusted Diploma” platform, built on the Emercoin Blockchain. The collaboration of the education sector and a cryptocurrency company aims to help schools, businesses, and graduates validate the online accuracy and authenticity of education credentials. The ground-breaking blockchain system enables administrators to store and share verifiable diplomas and other education certificates on an encrypted and secure app.
Emercoin and BTU are together addressing a complicated social issue in both developed and developing countries. Due to widespread corruption and manipulation, online displays of education credentials are increasingly viewed as unreliable proofs of work.
Graduates also face difficulty obtaining their records from colleges or school systems that have closed or otherwise refuse to recognize their legitimate credentials. The problem was cited as a global crisis in a 2016 report to UNESCO and the Council for Higher Education Accreditation.
“Much like the little ‘check mark’ on Twitter or Facebook profiles, companies like LinkedIn or Indeed.com could use this to validate the data represented on profiles, ensuring that data is tamper-proof and accurate,” said Emercoin advisor and venture capitalist Bill Tai.
Through secure, distributed blockchain services, Emercoin has managed to come up with a flexible, user-friendly and easily accessible technological solution.
“Trusted Diploma will help us all combat growing levels of manipulation and corruption and ensure that the education credentials we see online are valid,” said Kostiantyn Bigus, Emercoin Managing Partner. “We urge everyone to join our effort, which will improve professional services and protect people from dangerous fraud in the health care, legal, real estate, and other sectors.”
The BTU, which opened in 2016 at Silicon Valley Tbilisi to offer students innovative new approaches to learning, is placing this project on the Emercoin Blockchain because Emercoin offers unique flexibility through an innovative range of distributed services.
“We are very happy to work with the innovative Emercoin team on this crucially important project. The Trusted Diploma platform will help our school build a secure and immutable database of education certificates, which will help our graduates as they pursue successful careers.” - said Mikheil Batiashvili, the BTU university rector and Minister of Education, Science, Culture and Sports of Georgia.
Through its Name Value Storage (NVS) capability, Emercoin is more efficient and less expensive than other platforms. While Bitcoin is well suited for financial transactions, Emercoin’s NVS allows for efficient time-stamping of META-Data on its own blockchain that in turn gets merge-mined into Bitcoin Blockchain for security.
Emercoin is an emerging leader in secure, distributed blockchain business services. The interoperability of blockchain technologies provides us a holistic view that can effectively be used in both real and virtual world problems. And that’s exactly what Emercoin (EMC) is doing. Emercoin is introducing a new kind of blockchain that offers a wide range of services and solutions across all industries.
The Business and Technology University offers students innovation in learning by combining two fields of business and technology. Programs bring together faculty and professionals from international companies and universities, integrating leading management and academic thinking with innovation.
Company name: Emercoin
Company site: https://emercoin.com/