Headquartered in Mumbai and working as a renowned IT and web-based solution providing firm Smart Sight Innovations has designed a revolutionary blockchain-supported solution for Australia-based startup firm TrustEd. TrustEd is a globally acclaimed firm that provides excellent services and solutions in the field of academic credential verification.
Blockchain technology made its first mark in the financial space through the launch of the world’s first digital currency, Bitcoin. With the passage of time, more and more research, development, and innovation into the application of the technology led to its proliferation into multiple industrial domains like healthcare, education, hospitality, tourism, etc. The decentralized ledger technology helps in offering the highest standards of security, transparency, and immutability in storing and managing transactions and operations.
According to the reports, the web app will help the platform in identifying candidates with false degrees. This helps the recruiters in selecting trustworthy and efficient candidates for senior as well as lower job roles. The candidate needs to share a link of their credentials with the interviewer. The employer verifies the documents without having the need to cross-check the authenticity of the credentials with the university.
Academic credential verification is one of the most crucial procedures performed by the HR (recruitment) teams. The processes often prove to be time-consuming as well. TrustEd’s web application adds convenience and legitimacy to the entire procedure. It aims at creating a Blockchain secured network that enables educational institutions to store digital copies of diplomas, certificates, and degrees. The web application is beneficial for degree holders, educational institutions, and recruiters. Third-parties with authorization keys can use the system for verifying the credentials of candidates before hiring them. On the other hand, students would have ‘24*7’ access to digital copies of their academic credentials,
quoted a member from the Smart Sight Innovations firm.