Credentials & Blockchain

It's no mystery that the move to Blockchain to store our data, will also impact how we share our educational credentials, our professinal achievements, and ultimately our reputation. There are a number of ways to measure one's social influence today through NLP, sentiment, and relationship mapping. The primary platform currently to share our achievements has been LinkedIn. There is critical need to share this information directly, to prove our knowledge ourselves. It has never been more important to show our growth as professionals, as students in life, our reach for growth, and blockchain is the perfect vehicle to do so. The article below illustrates a great use case centered around the application of credentialing systems and Blockchain Technology. 

Credentials, Reputation, and the Blockchain

The combination of open badges and blockchain enables digital credential systems that could prevent fraud, open up new insights into the way credentials are used, and offer new mechanisms for communities to share knowledge. The first examples of such blockchain-based systems have recently moved from prototypes to commercial products. University registrars at institutions like MIT, UT Austin, and the University of Nicosia are considering issuing digital diplomas to their students this way. Refugee organizations are interested in providing them to learners who are moving from country to country and might not have the ability to carry paper certificates with them. And earlier this year, the government of Malta announced its intention to support the deployment of blockcerts, an open standard for digital credentials on the Bitcoin blockchain, which grew out of prototypes developed by my research group at the MIT Media Lab.
— J. Philipp Schmidt