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South Korean University Issues Blockchain-Stored Diplomas

South Korean University Issues Blockchain-Stored Diplomas

South Korea’s Pohang University of Science and Technology (POSTECH) is planning to issue a blockchain-stored diploma for its new graduates.

Amid the coronavirus outbreak, it is no longer safe for students to congregate at a graduation ceremony. Instead of postponing the event, the administration made a decision to give students the option to get their diplomas online.

“Due to the new coronavirus, it is impossible to hold a graduation ceremony. From now on, even if students do not visit the school to receive the diploma, they can get an online digital degree secured by the blockchain technology.”

POSTECH Official

As per a report, over 800 POSTECH graduates will receive their blockchain-based diplomas on Feb. 7. The diplomas are digitalized, thanks to the blockchain-based certification service “broof”, developed by ICONLOOP.

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Meanwhile, other higher education institutions are also experimenting with digital academic credentials. MIT Media Lab, for example, is building a set of tools to store and manage cryptographically signed certificates on the Bitcoin blockchain.

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