Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

The University of London is fighting fraud with the help of Bitcoin verification

University College London prevents Fraud with diplomas, using the Bitcoin-verification system.

The University announced the completion of the development of a pilot program that allows graduates of the department of financial risk management to instantly verify their academic qualifications.

All graduates of 2016-2017 can register data on their scientific degree on a platform developed by the Gradbase start-up.

Read Also : How Blockchain Technology Can Save the Logistics Industry

Read Also : Pension Fund of South Korea invests in crypto-currencies

University College London against academic fraud

After registration, the school verifies the authenticity of the data entered into the system and commits a Bitcoin transaction confirming the authenticity of the information about the student.

Further, the graduate gets a QR-code, which can be placed on CV-documents, business cards or in a profile. Thus, the employer will be able to scan the code and check the data on the applicant’s education.

According to the co-founder of the company, Cedric Kolle, academic fraud is currently a problem requiring a global solution. The goal of the project, according to his statement, is to easily and reliably check the qualifications everywhere, reports Bitcoin.com

Read Also : DFS asks South Korean banks to track crypto-currency transactions

Read Also : What future awaits XRP?

The post The University of London is fighting fraud with the help of Bitcoin verification appeared first on Pypur.com.



This post first appeared on Pypur, please read the originial post: here

Share the post

The University of London is fighting fraud with the help of Bitcoin verification

×

Subscribe to Pypur

Get updates delivered right to your inbox!

Thank you for your subscription

×