Getting to know Digital Credentials

According to a recent UNESCO assessment, there is currently no efficient national or worldwide system that holds adequate information on credentialing and its related learning outcomes that can be accessed, understood, and used for decision-making by a wide range of stakeholders. As a result, there is a growing need to provide a structure that allows for the comparison of digital credentials and assists users in determining it’s recognition and utility for usage in a variety of educational and employment settings.

Getting to know Digital Credentials:

Digital certificates are the virtual replacement for traditional paper-based certification. They can be earned for completing an online degree, participating in activities, completing an assignment, and more. It increases learner engagement and fosters participation.

Digital Credentials are cost-effective, tamper-proof, can be validated electronically without the need of a third party, and are simple to share, monitor, and store. As a result, it is critical for every organization in any industry to improve the digital credential process because this will stimulate engagement, which will lead to increased brand value.

Application of technology frameworks such as blockchain are promising in order to attain the complete capacity of flexibility of digital credentials with a complete and accurate set of information about credentials. Beyond the technological features, blockchain ecosystems share academic principles such as transparency, sustainability, and students’ autonomous usage of  credentials and blockchain. When working with this new technology, accessibility of services and standards is critical to the effectiveness of the job and assessments.

Blockchain Technology and Digital Credentials:

The industry for learning management systems will be disrupted by blockchain, which will become the standard underpinning technology for the issue of Digital Credentials, hastening the termination of paper-based qualifications framework.

In the year 2020, India was introduced to Blockchain technology, which has been a catalyst in altering the education sector, organizations, and Edtech firms’ credentialing processes.

Blockchain technology is used in conjunction with powerful and secure databases and virtual ledgers to collect and store credentials provided through their platform. This aids educational institutions and professionals in verifying the integrity of the certificate given and avoiding fraudulent practices.

Top Edtech businesses like Udemy, Coursera, and Upgrad are improving their education platforms by combining digital credentials with blockchain technology for enhanced education and professional growth. With the use of blockchain technology by leading Edtech businesses and educational institutions, it has undoubtedly left an indelible mark on India’s sector.