Published on February 24, 2021
The contract will see OIO provide blockchain consulting and development services to Indocyber Global Teknologi to implement blockchain solutions for authenticating academic certificates.
The solution will reduce the burden of authentication on employers, and deny forgers the chance to crowd-out employment and education opportunities for legitimate students.
Indocyber Global Teknologi (“Indocyber”) announce a new project with Singapore Exchange-listed company OIO Holdings Limited (“OIO”) to digitize academic certificates in Indonesia on the blockchain.
Indocyber and OIO will work together on developing a blockchain-based platform for securing and validating tamper-resistant digital academic certificates. The platform will use the Hyperledger Besu protocol hosted on a third-party cloud platform. The platform stands to benefit the different stakeholders involved: educational institutions, students and employers. Educational institutions can benefit from the reduced amount of time and manpower devoted to verifying third party authentication requests.
"Educational fraud is on the rise, and it unfairly degrades the value of higher education. Fortunately, blockchain has the potential to revolutionize the process of authenticating qualifications and prevent certificate forgers from poisoning the well. This blockchain solution can also encourage cross-border hiring and reduce the burden of verification on employers."
"It is my pleasure to work with OIO to enhance our business with their blockchain solutions. We expect that the solution will be implemented widely in Indonesia and numerous stakeholders can benefit from a world where document management is simple and secure."