The Authorities of Maharashtra not too long ago announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum (ETH) for offering tamper-proof diploma certificates.
In an effort to counter the rise in doc forgery, the Maharashtra State Board of Talent Growth (MSBSD) goes towards India’s crypto ban narrative to make use of Ethereum-based public blockchain. In an unique assertion with Cointelegraph, LegitDoc CEO Neil Martis highlighted that whereas the certificates are verified utilizing the normal handbook strategies, MSBSD will begin advocating solely the digital verification methodology for all of the handbook verification requests yr.
Showcasing curiosity from different native authorities authorities, Martis added:
“We’ve an energetic work order from the Govt of Karnataka (Dept of Info Expertise and Biotechnology). We’re in talks with the Authorities of Telangana (faculty schooling dept) and Increased & Technical schooling dept of Maharashtra to implement LegitDoc for his or her scholar neighborhood.”
Mainstream establishments such because the Nationwide Institute of Expertise (Surathkal) and Ashoka College are in talks to implement an identical resolution for countering the continuing forgery of paperwork, Martis stated.
Citing blockchain’s functionality in curbing the frauds associated to doc forgery, Chairman of MSBSD Dr. Anil Jadhao identified:
“Within the final 10 years, there was a rampant enhance in forgery of government-issued paperwork which have brought on enormous monetary & reputational losses to the stakeholders concerned.”
Following up on MIT’s implementation of the tamper-proof blockchain diploma, Cointelegraph reported Prof. Stuart Madnick’s standpoint that blockchain comes with its distinctive set of challenges.
As a phrase of warning, Madnick opined,
“The underside line is that whereas the blockchain system represents advances in encryption and safety, it’s weak in among the identical methods as different know-how, in addition to having new vulnerabilities distinctive to blockchain. In truth, human actions or inactions nonetheless have vital penalties for blockchain safety.”