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 Ability Improvement (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 standard guide strategies, MSBSD will begin advocating solely the digital verification technique for all of the guide verification requests 12 months.
Showcasing curiosity from different native authorities authorities, Martis added:
“We now have an energetic work order from the Govt of Karnataka (Dept of Info Know-how and Biotechnology). We’re in talks with the Authorities of Telangana (college training dept) and Greater & Technical training dept of Maharashtra to implement LegitDoc for his or her pupil group.”
Mainstream establishments such because the Nationwide Institute of Know-how (Surathkal) and Ashoka College are in talks to implement an identical resolution for countering the continuing forgery of paperwork, Martis mentioned.
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 improve in forgery of government-issued paperwork which have induced large 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 perspective 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 susceptible in among the similar methods as different expertise, in addition to having new vulnerabilities distinctive to blockchain. In truth, human actions or inactions nonetheless have important penalties for blockchain safety.”