The software Learning Machine –the vendor behind this development– used the Bitcoin blockchain, but it’s not the only blockchain around. There has been a proliferation of new types of blockchains, but that Bitcoin remains the gold standard for Learning Machine’s purposes because it prioritizes security over other qualities like speed, cost, or ease of use. “We believe it’s still the right choice for official records that need to last a lifetime and work anywhere in the world,” he says.
For students, the benefits go beyond mere novelty. They can share their diplomas almost immediately with whomever they please, free of charge, without involving an intermediary. This is particularly important for students who need to prove to an employer or another university that they have an MIT diploma.
And thanks to the blockchain, the third party can easily verify that the diploma is legitimate without having to contact the Registrar’s Office. Using a portal, employers or schools can paste a link or upload a student’s digital diploma file and receive a verification immediately. The portal essentially uses the blockchain as a notary, locating the transaction ID (which identifies when the digital record was added to the blockchain), verifying the keys, and confirming that nothing has been altered since the record was added.
This adds great value to higher education.
- MIT News: Digital Diploma debuts at MIT