More Info About ICO
|Anfangsdatum||January 20, 2019|
|Endtermin||March 20, 2019|
Academic credential verification is a critical process that almost all individuals have to go through at some point in their lives. Proving the validity of one’s academic qualification is not just important to land a job at a reputed organization, but also becomes relevant when moving across geographical borders, whether for higher education, or for work. Conventional academic credential verification systems are exhaustive, time-consuming, costly, and do not serve their purpose effectively. The incidents related to distortion of facts in credentials can be attributed to traditional manual and paper-based processes that are unfortunately prone to forgery and human error. Academic institutions incur significant administrative and storage costs when it comes to securing and maintaining records of their students. Additionally, employers spend a lot of time and money in the process of verifying academic records of potential candidates. Furthermore, students do not have an outlet to securely and immutably store their credentials in a digital state. TrustED is poised to disrupt the academic credential verification processes, leveraging the functions of Ethereum smart contracts and Hyperledger, combined with advanced security measures and novel data storing techniques. TrustED will use the ERC20 compliant TrustED token (TED) and a native Trust Credit (TCRD) token for its functioning, thereby, optimizing, securing and expediting the procedures involved in the credential verification process. Credential issuers can upload verified and error-free credentials on a secure, peer-to-peer (P2P) network for their respective credential holders to access, and/or permit the sharing of, to respective stakeholders. In this way, employers or verifying agencies can instantly access the verified credentials of prospective candidates. Moreover, credential holders can keep and share their academic records in a trusted and secure network.