Combatting the scourge of fake certificates, the blockchain bandwagon has added another feather to its cap. SP Jain School of Global Management has announced the issuance of blockchain-enabled certificates to its students. As many as 1189 blockchain-based certificates were issued, which are now live on Ethereum Blockchain. With this, the business school claims to become the first B-School in the world to issue certificates for its degree and professional certification using custom-smart contract on popular public blockchain platform Ethereum.
The B-school’s movement in the direction of technology will enable recruiting organisations and other relevant bodies to validate the veracity of certificates issued to a student. The automated five-step blockchain validation is intuitive and does not require any technical know-how on the validator’s end. Prospective employers or other agencies can directly verify a SP Jain student’s credentials, authenticity, as well as view the student’s projects without contacting the institution.
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Speaking on this latest development, Nitish Jain, President of SP Jain Global said, “Digital certificates are the future. There have been various attempts globally to issue certificates on the blockchain. But so far no one has captured the complete lifecycle of the certification. Students’ attendance and other private data are securely stored in the school’s private blockchain and only the certification related data is exposed to the public Ethereum blockchain. The future is now. It’s either change or perish”.
Vikram Pandya, Director of the Fintech Program at SP Jain Global said, “We are at the crossroads of a major digital upheaval. Right from shopping to banking, we are going the digital way, it is therefore natural to digitise all significant documents in the near future. By scanning the smart QR code printed on the certificate, anyone can validate the certificate without requiring any additional software or application.” Pandya is a leading fintech expert with extensive experience in the BFSI sector and has led the digital certification initiative at SP Jain.
The intelligent custom-smart contract, created in partnership with Smart-Sense Consulting Solutions, allows SP Jain Global to issue certificates, link students’ portfolios and projects, link students’ transcript and other documents, track its verification or use, and control revocation list.
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SP Jain Global is an Australian technology-led business school with campuses in Dubai, Singapore, Sydney, and Mumbai. The school offers undergraduate, postgraduate, professional, and doctoral programmes with a motive towards crafting leaders for the 21st century workplace. Their full-time Global MBA program has received significant recognition in global rankings. For example, the Forbes Top 20 Best International 1 Year MBAs (2017 – 19), The Economist Top 100 Full-time MBAs Worldwide (2015), Forbes Top 20 Best International Business Schools (2013 – 14), and the Financial Times Top 100 Global MBA Programs (2011 and 2012).
The B-school is registered as a Higher Education Provider in Australia. Upon graduation, students receive a degree conferred by SP Jain Global, Australia. Their business courses are accredited by the Department of Education/Tertiary Education Quality and Standards Agency (TEQSA), Australia, and licensed by the Council of Private Education, Singapore and the Knowledge and Human Development Authority, Dubai.
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