Startup That Puts Academic Diplomas On the Blockchain Raises $3 Million

“We don’t wish to pick winners together with blockchain. We do generally urge users pick blockchains with an established record but finally you don’t wish to prescribe to clients which blockchain they need to utilize.   Should they have strong feelings of ethereum, then they ought to utilize ethereum; should they have strong feelings on bitcoin, then they ought to utilize bitcoin; should they have strong feelings about a private blockchain they ought to utilize a private blockchain.”
The chief in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and abides by a strict series of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
The startup hopes to allow clients to utilize any blockchain they want she said, noting that some clients may prefer a public string versus a private one.

“That really is the future,” she advised CoinDesk. “By 2020 most associations will be using blockchains in some way, form or shape and the question we have to answer today is would be the solutions going to be open-standard or are they going to be proprietary?”

The funding comes months after MIT unveiled it had partnered with Learning Machine on the electronic diploma initiative, which relies on the open-source Blockcerts standard.

Last autumn saw other academic associations and organizations establish their own Blockcerts-based pilots, such as the University of Melbourne  and also Malta’s authorities. That program tool, according to Learning Machine vice president of business development Natalie Smolenski, can be utilized to connect academic certifications to different blockchains – such as bitcoin and ethereum – together with the objective of eliminating level forgery.

“Right now in part I think because blockchain technologies is still relatively new, there are a lot of high or strong emotions about which blockchain is Far Better than the other and blockchain has type of engendered these fierce loyalties,” she said, including:

Graduation caps picture via Shutterstock

Smolenski went on to forecast that educational institutions improve their usage of their technology – including that she hopes they’ll learn toward tapping open-source projects.