CredenceLedger: A Permissioned Blockchain for Verifiable Academic Credentials

Blockchain, the underlying technology that powers cryptocurrencies such as Bitcoin and Ethereum, is gaining so much attention from different industry stakeholders, governments and research communities. Its application is extending beyond cryptocurrencies and has been exploited in different domains s...

Full description

Saved in:
Bibliographic Details
Main Authors: Fernandez, Proceso L, Jr, Arenas, Rodelio
Format: text
Published: Archīum Ateneo 2018
Subjects:
Online Access:https://archium.ateneo.edu/discs-faculty-pubs/83
https://ieeexplore.ieee.org/abstract/document/8436324
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Ateneo De Manila University
Description
Summary:Blockchain, the underlying technology that powers cryptocurrencies such as Bitcoin and Ethereum, is gaining so much attention from different industry stakeholders, governments and research communities. Its application is extending beyond cryptocurrencies and has been exploited in different domains such as finance, E-commerce, Internet of Things (IoT), healthcare, and governance. Some key attributes of the technology are decentralization, immutability, security and transparency. This paper aims to describe how permissioned Blockchain can be applied to a specific educational use case - decentralized verification of academic credentials. The proposed Blockchain-based solution, named `CredenceLedger', is a system that stores compact data proofs of digital academic credentials in Blockchain ledger that are easily verifiable for education stakeholders and interested third party organizations.