Analysis of Blockchain Technology for Higher Education

Abstract

The authenticity of academic diplomas is a matter of great concern for employers and other authorities to verify the authenticity of academic degrees. The issuing institutions may have closed or fail to keep accurate records. In these situations, the verification of academic diplomas launches challenges. In a worldwide education market, many institutions are involved, and it becomes even harder to keep track and handle different approaches/procedures to verify the status and authenticity of diplomas. As in many other areas, the blockchain technology surges as a promising solution to the referred problem. In this paper, we propose an approach using this technology implemented in University Fernando Pessoa. We also discuss the new challenges in security and implementation raised by the usage of this technology.