MIT Has Started Issuing Diplomas Using Blockchain Technology - Brad Jones, Futurism

“MIT has issued official records in a format that can exist even if the institution goes away, even if we go away as a vendor,” said Learning Machine’s CEO Chris Jagers in a press release. “People can own and use their official records, which is a fundamental shift.” Blockcerts Wallet uses the same implementation of blockchain that underpins Bitcoin to verify the legitimacy of students’ credentials. When an individual downloads the app a pair of public and private keys are generated, and a one-way hash is added to the blockchain. The student’s public key is inscribed into the digital copy of the diploma, and the app has access to the private key for the purposes of proving ownership. https://futurism.com/mit-has-started-issuing-diplomas-using-blockchain-technology/