Thailand’s Naresuan University has partnered with blockchain infrastructure ThunderChain to develop a blockchain-based platform for academic certificate verification for universities and students.

Called Certory, the platform is designed to address issues surrounding academic record databases and certificate verification in the Thai education system. The platform will make use of ThunderChain’s technologies as well as expertise in blockchain deployment.

Help Preventing Academic Falsification Using Blockchain   

Academic falsification has become a social problem in Thailand as well as other countries in Southeast Asia. Thai media outlet Amarin reported there is a black market in Thailand where falsified academic certificates and evaluation records are traded.

One survey showed about 200,000 fake academic certificates are sold each year in the region. The persistent problem of academic falsification affects not only universities and students, but also employers looking for the right hires.

Naresuan University, one of the top public universities in Thailand, has initiated Certory in collaboration with ThunderChain in an effort to restore trust in the Thai education system with an open and well-regarded platform.

Ensuring Authenticity and Credibility via Transparency

An open and transparent blockchain-based platform will ensure data authenticity and credibility, unlike a centralized academic database. It is hoped Centory will improve the efficiency of academic certificate verification while reducing the costs of communication and validation among relevant parties.

ThunderChain, the sole technical service provider of Certory, will encrypt and hide data using encryption algorithms to ensure privacy for users and confidentiality of academic records. Centory will also provide academic statistics for educational authorities.

Designed by cloud giant Xunlei, ThunderChain provides stable, fast and low-cost blockchain services for various industries including financing, e-commerce, gaming and social media.

Source: finance.yahoo.com

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