Academia ICO: XCT Token For 0xcert Blockchain Certification?
Before we start with this review, it can be of much benefit for readers to take a look at a some startling facts regarding the education industry. As of 2017, there are currently over 5000 fake degree mills that are present across the globe. Additionally, it has been found that nearly 1 in 2 PhDs are fake, and as a result of this, employers have to face a loss of nearly $45,000 USD annually.
Additionally, a recent study released by the University of Wisconsin shows that here are more than 870,000 new postgraduate students who enroll within in the US (520k) and UK (350k) each year. On an average, the vetting processing for each candidate takes upto 2 hours along with a $15 fee.
What Is Academia?
Academia is an all new “blockchain-based certificate management” system that is designed especially for academic institutions and education providers. From a purely functional standpoint we can see that this platform allows digital asset holders to store certificates, collectables and badges in their wallet. As a result of this, the entire interview process can be streamlined, since all of one’s educational data can be signed and verified by the employer within a matter of minutes.
Academia XCT Token For 0xcert Blockchain Certification Features
Some of the other key aspects of Academia include:
Since the platform is based entirely within the blockchain, it leaves no imprint on the web regarding who the executioner of a particular transaction is. The data that is stored within the blockchain is only visible to the user and the person with whom the information has been shared with (aka the employer).
Once a data entry has been made into the Academia ledger, it is nearly impossible to alter the recorded information (as well as any of the pre-existing cryptographic proofs).
Another key facet of this platform is that it is able to help in the validation of certificates and documents within a matter of seconds.
Academia makes use of a service protocol that promotes interoperability through conventions lying in conjunction with established world-wide standards.
According to the website, the service has been built on top of an “open source, permissionless protocol”.
Why Choose Academia?
Academia helps create a peripheral market for universities by allowing issuers to receive a remuneration of upto 80% of the total verification cost.
Anyone in the academic world can make use of this system. It is not only intuitive and user friendly, but also free of cost.
Academia comes in the form of a decentralized app that runs on the 0xcert protocol. This protocol comes packed with a host of innovative features as well as an all new blockchain based certification technology.
How Do I Get On Board With Academia?
To start making use of this platform, users have been asked to get in touch with company representatives either via email, Discord or Telegram. Early participants are eligible to receive regular bonuses in the form of XCT tokens.
Alternatively, users can also sign up for the weekly newsletter to stay abreast of all the latest happenings within the world of Academia.