We are thrilled to share that SP Jain School of Global Management on 27th November 2018 announced the issuance of blockchain-enabled certificates to its students to help curb fake certificates. With this initiative, we have become the first B-School in the world to issue certificates for its degree and professional certification using the custom smart contract on popular public blockchain platform Ethereum. As many as 1,189 blockchain-based certificates were issued which are now live on Ethereum. This step will enable the recruiting organisations and other relevant bodies to validate the veracity of the certificates issued to a student.
The automated five-step blockchain validation is intuitive and does not require any technical know-how on validator’s end. Prospective employers or other agencies can now directly verify our students’ credentials and authenticity and view student projects without contacting the institution.
Speaking on this latest development, Nitish Jain, President of SP Jain School of Global Management, said, “Digital certificates are the future. There have been various attempts globally to issue certificates on the blockchain. But so far no one has captured the complete lifecycle of the certification. Students’ attendance and other private data are securely stored in the school’s private blockchain and only the certification related data is exposed to the public Ethereum blockchain. The future is now. It’s either change or perish.”
The intelligent custom smart contract, created in partnership with Smart-Sense Consulting Solutions, allows SP Jain School of Global Management to issue certificates, link students’ portfolio and projects, link students’ transcript and other documents, track its verification/use and control revocation list.
Vikram Pandya, Director of the Fintech Program at SP Jain Global, said, "We are at the crossroads of a major digital upheaval. Right from shopping to banking, we are going the digital way, it is therefore natural to digitise all significant documents in the near future. By scanning the smart QR code printed on the certificate, anyone can validate the certificate without requiring any additional software or application.”