Digital certificates that are based on the blockchain are now available for students in the high schools around Singapore upon graduation. The use of blockchain technology comes as an ‘’easy and reliable way’’ to provide the students with a tamper-free certificate according to the latest cryptocurrency news coming from Singapore.
The idea behind digital certificates is simple. All of the students who graduate will get a blockchain-based certificate via email with an embedded cryptographic proof. The schools in the country will add the certificates to the MySkillsFuture account file of the student which is basically an online portal charting career and serves as a reliable learning guide. A copy will also be provided for the students on the Ethereum-blockchain platform-OpenCerts.
With the blockchain-based certificates, the students can apply for further studies, scholarships, and jobs by sending the document to the school or employer. There are a couple of relevant parties that verify the content of the certificate against the copy that is also stored on the blockchain. The education minister Ong Ye Kung says that the initiative is a ‘’tangible example’’ of how the nation is collecting the benefits of the Smart Nation journey.
With the help of the digital certificates, the job application process but also the employing process will become much smoother. There will also be no more complications by having multiple institutions getting involved in the process. Students will also now be relieved of the obligation to request certified-true copies of the schools’ certificates.
Also, as the altcoin news report, with the help of the blockchain-based certificates, employers will be able to verify the digital diplomas without having to approach other institutions and wait to receive an answer. However, students would still be able to receive their physical certificate during the graduation ceremony.
Singapore is one of the countries in the world that is strongly embracing bitcoin, crypto and blockchain technology. For example, the Central Bank of Singapore developed a blockchain-based settlement system for tokenized assets and it also has its own wealth fund. The bank is also a major investor in the US-Based exchange Coinbase.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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