Accredible, a digital credentialing platform has announced that it is the first organization to issue live credentials via blockchain technology. Blockchain is a digitized, decentralized, public ledger of transactions currently most well known for logging bitcoin and cryptocurrency transactions, however blockchains can be programmed to record any transaction of value. Accredible is now using it to issue un-hackable, verifiable digital credentials.
It works by recording every transaction on the blockchain to every computer on the network. If someone attempts to create a fake credential that looks like an issued credential, it won’t verify against the existing blockchain record. Even if the company issuing the credential itself is hacked, the digital credential itself will remain unaffected and secure. This means once a credential is recorded to the blockchain, it can’t be altered, faked, or spoofed.
The announcement comes during National Cyber Security Awareness Month, of which Accredible is a national champion of.
Danny King, Co-Founder and CEO of Accredible said:
“We quietly rolled out this program in June to the excitement of our clients. Beforehand, using this sort of technology to securely issue digital credentials was only theorized, but no one had actually done it.”
Initially partnering with Tierion, Accredible has issued over 5,000 blockchain credentials since June 1st to hundreds of clients, including Digital Marketing Institute, Blockchain Institute of Technology, American College of Healthcare Sciences, Financial Planning Standards Council, and The Professional Petroleum Data Management Association.
Alan Heppenstall, Co-Founder and CTO of Accredible said:
“The implications for the industry are huge: using the blockchain means we can now offer credentials that are vastly more secure. In an age where reputation and trust means everything, this is consequential for the legitimacy of online learning and the credentialing industry as a whole.”