Educational certificate forgery is a widespread and systematic problem affecting education institutes’ reputation, trust value of the certificate holders and ability of companies to differentiate qualified candidates from non-qualified ones. Up to 30 percent of the certificates and diplomas in circulation could be fake jeopardizing the whole concept of value creation from higher education and specialized skill training programs. Vottun has created BlockEdcuate as a unique and sustainable solution to this problem using decentralized blockchain for education sector.
“The number of earned PhD degrees in the United States is 40,000 to 45,000 each year. The number of fake PhDs bought each year from diploma mills exceeds 50,000. In other words, more than half of all people claiming a new PhD have a fake degree.”
Not only in United States, the problem is even worse in other countries, for example “In France, 33% of applicants use fake diploma. This number is similar in the United Kingdom.” According to the official organisation in charge of diploma authentication. Countries such as India and China where number of issuing organization is staggering, its nearly impossible to even verify the identity and license of the issuing authority leave aside the verification of certificate itself.