Financial University under the Government of the Russian Federation stated that it will place the diplomas of students in the blockchain. About the same time, the UNIVERSITY said on its website on Wednesday, June 26.
According to the statement, the idea is to use the technology of the distributed registry to store the diplomas belonged to the students of the University. It is expected that this will allow employers to easily verify the authenticity of documents of potential employees: from September on the official website of Financial University will be available for form validation.
Each diploma will have a unique ID that will be generated from personal data of the student and document numbering. The content is encrypted by hash algorithm SHA-256, then for each of the diploma record will be created in the blockchain with the signature of the University.
Note, the Financial University is one of the leading universities of Moscow and the country as a whole. In 2016 he got the “three stars” in the international ranking of universities QS Quacquarelli Symonds. In Russia, the UNIVERSITY is ranked 7th in the overall ranking. University first in the nation to use blockchain technology for verification of documents on higher education.
The first in the world to use the blockchain for verification of diplomas began at the Massachusetts Institute of technology (MIT). In October 2017, he launched a pilot program in which translated into the blockchain certificates more than 100 students. As told then the Vice-Dean Mary Callahan (Mary Callahan), the main goal of the experiment was to help students go to the full management of their documents. They can now easily and securely share personal information with someone you think is right, for example, with employers.
We will remind, on 1 July in Russia should come into force the laws relating to the regulation of blockchain technology. More about this in February, said Russian President Vladimir Putin. The need for regulatory officials explained the high risks inherent in the cryptocurrency market. On may 22 the State Duma adopted in the first reading the draft laws regulating the cryptocurrency, ICO and industrial mining.
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