Home / Cryptocurrency Daily Price Analysis / Malaysia’s Education Ministry Sets up University Degree Verification System via Blockchain

Malaysia’s Education Ministry Sets up University Degree Verification System via Blockchain

The Ministry of Education (MoE) of Malaysia is organising a University Consortium to struggle level fraud the use of blockchain, the ministry introduced in a tweet Nov. eight.

According to the ministry’s tweet, the machine is designed to factor and test the authenticity of university-issued levels. The new government-backed consortium will first of all be produced from six public universities and their diploma-verifying machine is about to perform the use of the NEM (XEM) blockchain. According to the ministry, the brand new machine used to be evolved by way of a group led by way of a professor from the International Islamic University Malaysia (IIUM).

According to an area media report, the speculation of the consortium used to be proposed by way of the MoE with the intention to maintain the popularity and the integrity of Malaysian universities, to give protection to the rights of scholars, in addition to to advertise allotted ledger generation (DLT).

The MoE commented to the media that the primary function in the back of the established order of the consortium is to “spread skills training,” in addition to to broaden and undertake the generation by way of scholars and lecturers. In the long run, the ministry mentioned additionally it is eyeing the advance of what it known as “industry-standard” blockchain answers that might probably generate income for Consortium member universities.

Recently, a Russian state-backed college announced it will retailer degree knowledge on blockchain, claiming that the establishment has already recorded the guidelines of “all diplomas issued over the past ten years” the use of DLT.

In October ultimate yr, the Massachusetts Institute of Technology (MIT) reportedly became the arena’s first college to factor virtual diplomas by way of enforcing blockchain generation.

About mujtaba

Check Also

Sell USDCHF @ 10091.9 – RSI Divergence

Sell USDCHF @ 10091.nine – RSI Divergence U.S. Dollar/Swiss Franc FX:USDCHF HilldogFX RSI Divergence on …

Leave a Reply

Your email address will not be published. Required fields are marked *