Mit diploma bitcoin

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4. Digital Academic Credentials!
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In , the fledgling Massachusetts Institute of Technology on Boylston Street awarded its first diplomas to 14 graduates. Since then, it has issued paper credentials to more than , undergraduate and graduate students in much the same way. But this summer, as part of a pilot program , a cohort of graduates became the first to have the option to receive their diplomas on their smartphones via an app, in addition to the traditional format.

The app is called Blockcerts Wallet, and it enables students to quickly and easily get a verifiable, tamper-proof version of their diploma that they can share with employers, schools, family, and friends. To ensure the security of the diploma, the pilot utilizes the same blockchain technology that powers the digital currency Bitcoin. When Callahan first read about the blockchain a few years ago, she was immediately intrigued.

She decided to look into the possibility. In , Philipp Schmidt, the director of learning innovation at the MIT Media Lab, had begun issuing internal, non-academic digital certificates to his team. Schmidt had realized that, despite the rise of decentralized, informal online learning opportunities, there was no digital way to track and manage these accomplishments. When Callahan and Jagers connected last fall, it became clear that a partnership on a small pilot would be an ideal way to put Blockcerts to the test.

That technology draws on the Bitcoin blockchain, an open, global ledger that records transactions on a distributed database. Each transaction — known as a block — is encrypted, timestamped, and then added to the previous block on the chain, creating a timeline. A transaction cannot be modified once it is recorded, because any change in one block would require the alteration of all subsequent blocks, and because the information is distributed across a decentralized, worldwide network of computers.

Learning Machine also recognized early on that there was a missing link in the system, despite the potential of blockchain technology to make official, recipient-owned credentials a reality. In order for the information to be encrypted, the user also needs to obtain a public and private key — a set of unique numerical identifiers that represent them. Blockcerts Wallet solves that problem. After the student downloads the app, it generates the public-private key pair and sends the public key to MIT, where it is written into the digital record.

Next, a one-way hash a string of numbers that can be used for verification later is added to the blockchain.

Digital diplomas to be issued during online commencement | The Tech

For students, the benefits go beyond mere novelty. They can share their diplomas almost immediately with whomever they please, free of charge, without involving an intermediary. This is particularly important for students who need to prove to an employer or another university that they have an MIT diploma. The portal essentially uses the blockchain as a notary, locating the transaction ID which identifies when the digital record was added to the blockchain , verifying the keys, and confirming that nothing has been altered since the record was added.

Bitcoin and Cryptocurrency Technologies

One possible application is creating stackable certificates on the blockchain, which would enable an individual to link credentials from different institutions — for example, an undergraduate degree from one university, a graduate degree from another, and a professional certification. Jagers says he believes it will soon be possible to embed links or IDs of other pre-existing digital records into a new meta-record. And it could be as big as the web, because it affects every sector. That creates a whole new reality across every sector. Last year, the startup Learning Machine launched a program at Sloan and the Media Lab that placed important documents, like transcripts and diplomas, on the blockchain.

Inside Higher Ed reporter Lindsay McKenzie spotlights how MIT has begun a new pilot program that offers students the option to receive tamper-free digital diplomas, in addition to a traditional one.

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Previous item Next item. He noted that there has been strong interest in the technology from dozens of academic institutions, as well as companies and governments.

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The University of Melbourne is already piloting digital diplomas with the app. Though some companies are looking to sell their block chain-based products, Jagers said that keeping the Blockcerts app and tool kit free and open source is important.

MIT Introduces Digital Diplomas

While MIT may be among the first institutions in the U. He noted that his institution was also looking to use block-chain technology to award degrees, but he would be taking a different approach than MIT. Instead of working with third parties, Johns Hopkins is building its own system and creating a private ledger -- rather than using Bitcoin's public one, like MIT. Black noted that many institutions already use digital signing services to verify the authenticity of their PDF documents through Adobe.

Companies such as Parchment and Paradigm also offer verified digital versions of diplomas, said Black. Be the first to know. Get our free daily newsletter. We have retired comments and introduced Letters to the Editor. Share your thoughts ». Expand comments Hide comments. View the discussion thread.

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