Malta Pilots Blockchain-Based Academic Certificate Recording System

Date:

Share post:

The government of Malta is advancing a project to test the feasibility of using Blockchain technology for the recording of academic certificates. The government has partnered with Learning Machine Technologies to advance the project.

Under the agreement, learners and workers in Malta can safely store their educational records and other credentials in one place, prove ownership of the records and credentials, and share them with anyone around the world for free.

According to Minister for Education and Employment, Evarist Bartolo, the project is a win/win strategy for the government.

“For the first time, Maltese learners have a way to keep track of their lifelong achievements in one place, with the flexibility to share them with whomever they choose at no cost. Maltese businesses will find that hiring workers with the right qualifications has gotten much easier. This is a win/win for Malta, whose skilled workforce is among the primary drivers of its economic success.”

Benefits of recording data in Blockchain

Because of its distributed nature and tamper-proof features, the use of Blockchain or distributed ledger technology (DLT) for the purpose of recording data and sensitive information is very feasible. When it comes to academic records and credentials, the technology will be very useful, as it can provide a digital version of a paper document that cannot be tampered with. Moreover, the technology can also facilitate the exchange of information among parties.

Under the Maltese government the first digital academic certificates will be issued in late 2017. Three Maltese institutions have already given their support for the issuance of the certificates.

Malta is one of the Blockchain-friendly countries in Europe, as it aims to become an ideal grooming place for the technology in the region by legalizing cryptocurrencies in casinos – an industry that has been concentrated in the country.

Other Blockchain-based academic projects

Meanwhile, the Kenyan government has partnered with technology firm IBM to advance a similar digital academic certificate project. It is, however, interesting to see if these projects will be successful, and if there will be more governments advancing similar initiatives in the near term.

spot_img

Related articles

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both...