Universities in Malaysia are using the E-Skrol platform to keep track of their students’ degrees and certifications, allowing recruiters and employers to verify their qualifications with ease, as reported by Open Gov Asia.
According to the Malaysian Education Minister, a graduate’s name, transcript, date of graduation, and class of degree will be stored on the blockchain platform. This information can then be accessed through the E-Skrol application and by scanning the graduate’s QR code.
Graduates from October 2018 of Universiti Islam Antarabangsa Malaysia (UIAM) will be the first batch to have their information available on the platform. All public and private Malaysian universities have been included in the initiative.
Apart from Malaysia, the problem of fake degrees and certifications is becoming increasingly prevalent in several countries. A Singaporean blockchain startup recently announced its own development of a blockchain platform as an immutable academic record, in order to combat fake degrees.
Malaysia is among the ASEAN countries that have continued to develop distributed ledger technology and blockchain professionals. The government recently launched a work visa program targeting freelancers with experience in the emerging technology.
The program, launched in June 2019, is a joint venture between the government’s Malaysia Digital Economy Corporation (MDEC), a blockchain organization, and a job marketplace in the country. Skilled workers from other countries can receive a maximum one-year visa in Malaysia to provide blockchain-related services or attend training at a Malaysian firm.
The global blockchain market is expected to exceed US$16 billion in value by 2024, according to a recent report by a market research firm. The report says that a key factor contributing to the market’s growth is the increasing adoption of blockchain by financial institutions.
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