World’s largest blockchain technology pilot launches
15 academic institutions representing 400,000 students are taking part in the new digital document exchange
Educhain – a leading blockchain records platform – announced the launch of the world’s largest pilot of blockchain technology in the education sector. Launched in Dubai, the initiative includes partners across North America and Europe and spans all levels of education.
The project will enable the creation of Academic Passports with secure digital records. These documents can be viewed, managed, and shared for purposes as broad ranging as school transfers and university and job applications. The academic passports offer students global mobility.
Academic institutions can issue digital credentials – cutting costs and processing times – while placing ownership of academic records into the hands of students.
These records are easier to authenticate and will greatly reduce academic fraud.
CEO of Educhain Mark Balovnev said: “This will be the world’s first large-scale pilot of blockchain in education and the largest public/private sector collaboration in the sector. Blockchain will revolutionize how we issue, manage, and share digital records.”
“This pilot demonstrates that the value of blockchain,” Khalfan Belhoul, CEO of the Dubai Future Foundation, added, “and solidifies Dubai’s reputation as the blockchain capital of the world.”
Dr. Geoffrey Gachino, Provost at the University of Dubai welcomed the chance for improvements in the student experience: “As part of our continuous work to create new opportunities for our students, we recognize the growing need for academic institutions to innovate and adapt to their needs in the digital age. This project enhances mobility and hireability for our students.”
Confirmed participants in the program encompass over 400,000 students and include leading institutions such as the University of Dubai, Zayed University, Academia Management Solutions International, MENA College of Management, and Horizon English School.