The Maharashtra State Board of Skill Development (MSBSD) has distributed about 100,000 digitally verified certificates that are connected to the Polygon Blockchain Network, through the LegitDoc platform.
According to a report, published by indianexpress.com on August 4, LegitDoc aided in the collaboration between MSBSD and the Maharashtra State Innovation Society (MSINS) that led to the creation of a method for issuing and validating digital documents based on blockchain technology.
βThis project aims to digitise the diplomas and transcripts awarded to about 100,000 students annually by the MSBSD“. The whole data will remain tamper-proof digital diploma PDFs anchored on the blockchain of Polygon network,β said co-founder of LegitDoc, Neil Martis.
When compared to standard online certificates, blockchain-based degrees prove to offer greater data protection, privacy, openness, and cost savings opportunities, as per Martis
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
It is to be noted that earlier the board was not equipped to award the degrees online. Although with this project it’s the board’s first attempt to digitise certificates and distributions.
Martis further added that:
“However, instead of moving to the current traditional centralised digital methods, the board decided to move directly to an on-chain based digital certificate method.”
Earlier MSBSD issued only paper-based mark sheets and diploma certificates for which over a thousand workers across a network of training institutes and departments were involved in issuing hardcopy certificates to students which takes about a month before its distribution.
Martis commented that generally verifying degrees is a lengthy process, as it requires three board officials and an average cycle time of 30 days to handle a standard verification request.
“Therefore, this project has been undertaken to automate the entire process and eliminate all manual interactions and inefficiencies in the verification process by digitising the issuance and verification of the diploma certificates through the use of blockchain technology.”
There are various instances where Maharashtra has previously used blockchain technology for various purposes including caste certificates and covid certificates, while achieving successful implementation of blockchain use cases, and now the Maharashtra government has decided to issue blockchain-based diploma certificates.
While the government has already conducted a pilot project by using the Ethereum blockchain to test this option for past student credentials, although due to problems like scalability and the high gas prices associated with Ethereum Blockchain, “the board went forward and decided for a full expansion on the Polygon Network”.
Read also: Japan may reduce the crypto tax from 55% to 20%
Indian state agency MSBSD issues 100k certificates on Polygon
https://bitcoinik.com/indian-state-agency-msbsd-issues-100k-certificates-on-polygon/feed/
https://bitcoinik.com/indian-state-agency-msbsd-issues-100k-certificates-on-polygon/feed/
ππGet ready for the biggest ICO of 2022.
β
ICO starts from August 16, 2022
β
ICO= Initial Coin Offering. Where you can purchase tokens at base price.
β
ICO has different rounds with different price.
β
Round-1 price: $0.0005
β
Round-2 price: $0.001
β
Round-3 price: $0.002
β
Round-4 price: $0.004
β
Round-5 price: $0.008
πICO will be finished on September 15, 2022.
πTrading will start after ICO completion.
ππEXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)ππ
π©π»βπ»For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
ππππππππΌππππ ππππππ½
https://koinswap.io/register?referralcode=CFxqfP
β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
ππππππ
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
