One of the first use cases that deployed blockchain in higher education unsurprisingly came out of MIT and their partnership with BlockCert and Learning Machine. After several years of innovating and most certainly a lot of hard work, the trio developed a distributed ledger solution that was open and recorded the transactions of awarding degrees on a blockchain. Led by the brilliant Chris Jager, the Learning Machine CEO and partners designed and implemented software on the Bitcoin blockchain platform that puts security first, and only then other characteristics factor in like speed, price, or under experience. The addition of the Blockcerts Wallet, an app downloaded on the students’ mobile device, allows the security of public-private key pairings for a one-way hash to be placed on the blockchain which verifies the MIT issued diploma only – and does not actually putting the timestamped diploma itself on the blockchain.
Students gain ownership of their diplomas, universities reduce administrative work, and security of academic records is bolstered
The Blockcerts Wallet empowered students to almost immediately receive their secure, verified, and time-stamped diploma proof on their mobile device to officially produce for grad schools seeking proof of completion as well as potential employers. This gave MIT students more independence and autonomy to control their own diploma, and not rely completely on jus the university. Last fall, MIT graduated a cohort of 111 master’s students who were given the option to receive their diplomas the old fashioned way (paper) as well as on their mobile device via their BlockCert Wallet.