• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, February 2, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Indian State Agency MSBSD Issues 100k Certificates On Polygon

August 5, 2022
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Related articles

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

February 2, 2023

MINA Price Prediction – Bulls Moving This “Succinct” Blockchain to $1

February 2, 2023

The Maharashtra State Board of Skill Development (MSBSD) has distributed about 100,000 digitally verified certificates that are connected to the Polygon Blockchain Network, through the LegitDoc platform.

According to a report, published by indianexpress.com on August 4, LegitDoc aided in the collaboration between MSBSD and the Maharashtra State Innovation Society (MSINS) that led to the creation of a method for issuing and validating digital documents based on blockchain technology.

“This project aims to digitise the diplomas and transcripts awarded to about 100,000 students annually by the MSBSD“. The whole data will remain tamper-proof digital diploma PDFs anchored on the blockchain of Polygon network,” said co-founder of LegitDoc, Neil Martis.

When compared to standard online certificates, blockchain-based degrees prove to offer greater data protection, privacy, openness, and cost savings opportunities, as per Martis

It is to be noted that earlier the board was not equipped to award the degrees online. Although with this project it’s the board’s first attempt to digitise certificates and distributions.

Martis further added that:

“However, instead of moving to the current traditional centralised digital methods, the board decided to move directly to an on-chain based digital certificate method.”

Earlier MSBSD issued only paper-based mark sheets and diploma certificates for which over a thousand workers across a network of training institutes and departments were involved in issuing hardcopy certificates to students which takes about a month before its distribution.

Martis commented that generally verifying degrees is a lengthy process, as it requires three board officials and an average cycle time of 30 days to handle a standard verification request.

“Therefore, this project has been undertaken to automate the entire process and eliminate all manual interactions and inefficiencies in the verification process by digitising the issuance and verification of the diploma certificates through the use of blockchain technology.”

There are various instances where Maharashtra has previously used blockchain technology for various purposes including caste certificates and covid certificates, while achieving successful implementation of blockchain use cases, and now the Maharashtra government has decided to issue blockchain-based diploma certificates.

While the government has already conducted a pilot project by using the Ethereum blockchain to test this option for past student credentials, although due to problems like scalability and the high gas prices associated with Ethereum Blockchain, “the board went forward and decided for a full expansion on the Polygon Network”.

Read also: Japan may reduce the crypto tax from 55% to 20%

Credit: Source link

ShareTweetSendPinShare
Previous Post

Arthur Hayes predicts Ethereum will reach $5K after merge if Fed pivots

Next Post

Brazil Sees The Backend Tech Of Bitcoin As A Better Payment System

Related Posts

BankProv Stops Offering Loans Secured by Crypto Mining Rigs

February 2, 2023

After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the...

MINA Price Prediction – Bulls Moving This “Succinct” Blockchain to $1

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Mina price has followed Bitcoin’s bullish...

Celsius’ Official Creditor Committee Denies Rejected Bids

February 2, 2023

There have been rumours circulating that the bids for Celsius' crypto assets have been turned down, however the attorney who...

North Korea Is Targeting Crypto Hodlings – Are Your Funds Safe? 

February 1, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market took a huge hacking...

The January figures are 92.7% lower than the $121.4 million

February 1, 2023

During the month of January, there was a sharp drop in losses from exploits compared to the same time period...

Load More
Next Post

Brazil Sees The Backend Tech Of Bitcoin As A Better Payment System

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Theta Price has Been Increasing Since The Start of The Year— Which Way Is The Price Headed?

January 29, 2023

Terra Classic (LUNC) Rises 20%, Or…

January 11, 2023

Ethereum (ETH) Creator Vitalik Buterin Reveals What He’s Bullish On for 2023 – The Daily Hodl

January 3, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Damus social platform hits 45K members on first day
  • BankProv Stops Offering Loans Secured by Crypto Mining Rigs
  • LBank Exchange Will List LiveGreen Coin (LGC) on February 10, 2023

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,805.003.13%
  • ethereumEthereum(ETH)$1,667.635.83%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.13%
  • binancecoinBNB(BNB)$328.746.83%
  • usd-coinUSD Coin(USDC)$1.00-0.07%
  • rippleXRP(XRP)$0.4139583.18%
  • binance-usdBinance USD(BUSD)$1.000.02%
  • cardanoCardano(ADA)$0.4010314.81%
  • dogecoinDogecoin(DOGE)$0.0935620.93%
  • matic-networkPolygon(MATIC)$1.2211.82%
  • okbOKB(OKB)$39.946.30%
  • solanaSolana(SOL)$24.915.85%
  • staked-etherLido Staked Ether(STETH)$1,661.255.84%
  • polkadotPolkadot(DOT)$6.504.73%
  • litecoinLitecoin(LTC)$100.104.01%
  • shiba-inuShiba Inu(SHIB)$0.0000123.02%
  • avalanche-2Avalanche(AVAX)$21.7613.19%
  • tronTRON(TRX)$0.0634272.26%
  • uniswapUniswap(UNI)$6.956.53%
  • daiDai(DAI)$1.000.02%
  • cosmosCosmos Hub(ATOM)$14.677.76%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,742.003.07%
  • ToncoinToncoin(TON)$2.456.97%
  • chainlinkChainlink(LINK)$7.255.70%
  • moneroMonero(XMR)$178.482.41%
  • leo-tokenLEO Token(LEO)$3.36-6.65%
  • ethereum-classicEthereum Classic(ETC)$22.454.85%
  • AptosAptos(APT)$18.3010.09%
  • bitcoin-cashBitcoin Cash(BCH)$138.645.18%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0929803.76%
  • apecoinApeCoin(APE)$6.185.80%
  • quant-networkQuant(QNT)$148.967.58%
  • filecoinFilecoin(FIL)$5.6610.33%
  • nearNEAR Protocol(NEAR)$2.448.47%
  • crypto-com-chainCronos(CRO)$0.0813563.64%
  • lido-daoLido DAO(LDO)$2.306.96%
  • algorandAlgorand(ALGO)$0.2555527.71%
  • hedera-hashgraphHedera(HBAR)$0.0690058.71%
  • vechainVeChain(VET)$0.0247478.93%
  • internet-computerInternet Computer(ICP)$5.972.18%
  • fantomFantom(FTM)$0.578.10%
  • decentralandDecentraland(MANA)$0.797.12%
  • axie-infinityAxie Infinity(AXS)$11.558.57%
  • aaveAave(AAVE)$90.8711.82%
  • the-sandboxThe Sandbox(SAND)$0.766.64%
  • eosEOS(EOS)$1.083.17%
  • flowFlow(FLOW)$1.149.20%
  • elrond-erd-2MultiversX(EGLD)$44.104.20%