Malaysia’s Ministry of Education has finalized the utilization of blockchain technology in taking on issues of illicit educational degrees in the country. The Ministry is currently in preparations to use the NEM blockchain platform to guarantee that degrees being offered in universities are all legitimate and verified. This process will be called “e-scroll system,” of which idea came from the Council of ICT Deans of Malaysian universities.
The goal of the Ministry of Education is to ensure the integrity of educational institutions through the use of blockchain. This initiative came about after receiving a large number of requests from organizations to verify the degrees of specific candidates.
“Realizing the need to safeguard the reputation and integrity of Malaysian universities, the Ministry of Education has taken a decisive action to prevent such degree fraud, which also cheats and unfairly disadvantages genuine students,” the Ministry of Education stated.
Through blockchain, the Ministry of Education aims to resolve issues on: 1) ensuring only bona fide students receive degrees––same with making sure that only those who took the courses will get the opportunity, not those with fake degrees; 2) enabling the straightforward verification of degrees provided by Malaysian universities to companies and other organizations looking to hire candidates and confirm their credentials.
The NEM blockchain was opted to be utilized in this project for its unique and effective methods of verification and traceability. A QR code can be scanned and printed to easily verify the authenticity of the degree. In fact, a similar system is being developed by the NITI Aayog of India––the country’s prime think tank and public policy organization.
Furthermore, Malaysia’ Ministry of Education has launched its consortium on blockchain technology in different places across the country. Six universities have been named under founding members of said consortium.
ABOUT THE NEM BLOCKCHAIN PLATFORM
NEM is an "out-of-the-box", enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features which include: multi-signature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can "plug 'n play" with NEM.
ABOUT THE NEM.io FOUNDATION LTD
NEM.io Foundation is registered in Singapore, operating globally. It was launched to promote NEM's blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.