Digital Credentials Solutions: What Are the Challenges?
Digital Credentials make the presentation and sharing of third-party validated credentials on the Internet easier and safer. However, there are some common barriers to the digitalization of certificates and the acceptance of blockchain digital credentials.
Let’s have a look at these challenges:
Change Process Isn’t Taking Place:
In a competitive market, digital company transformation is required for long-term survival. Organizations have become more data-rich and integrated as years progresses. Digital transformation success can be hampered by obsolete organizational structures, inefficient operations, and dogmatic leadership styles. An emphasis on organizational change management, as well as employing external specialists and technology professionals to support your existing team, will aid in the acceleration of current digital credential management solutions.
Digital transformation is built on the foundation of customer data. Inviolable and decentralized registry via blockchain not only means that the database is resilient, but also that it is shared with all users who have previously recorded copies. This may upset some people who are concerned about their data privacy. The General Data Protection Regulation (GDPR) of the European Union and the Consumer Privacy Act of 2018 (CCPA) of California may place restrictions on how personal data is handled on the blockchain. CertifyMe’s compliance, on the other hand, is an assurance of integrity and transparency to its partners and clients.
Scalability of the blockchain:
Blockchain technology is rapidly evolving, and a blockchain ecosystem’s capacity to sustain a competitive advantage without endangering previously published data and framework components is critical. When it comes to extending blockchain-in-education solutions globally, the comparatively modest efficiency of blockchain transactions may cause disruptions.
Challenges with Resources:
Interpreting digital information from an earlier version to support a later version is becoming increasingly difficult due to rapid changes in technology, operating systems, and applications equipment and software. Changes in capacity, software upgrades, and problems such as obsolete technologies and data manipulation are all created by technological advancement. Digital management software must include resources that are updated and adaptable to current technological breakthroughs.
To Sum it Up:
It is critical for credential management firms to remain relevant with digital disruption and to assess whether data centralization can be leveraged for other reasons, or whether the management software requires third-party inspection.