Consensys Partners With a German University to Issue Blockchain Based Course Certificates
Frankfurt School of Finance & Management (FS) becomes the first German educational center to offer course certificates on the blockchain.
Reports arising from Germany indicate that the Frankfurt School of Finance and Management (FS) will introduce a pilot program to issue blockchain based course certificates. The project will be led by Consensys, a global leading blockchain software company that will see graduates of one of FS’ courses on blockchain technology access their certification on the decentralized technology.
Consensys Partners With Frankfurt School (FS)
The Frankfurt School pilot project has brought onboard one of the best blockchain companies in the world in Consensys. The blockchain software company has built a decentralized application (DApp) for self-sovereign identities allowing users to copy their certificates to a network of nodes (computers) but not publish the certificates. The company will further cryptographically secure the copied files so that they remain immutable and publicly visible.
The Head of the FS Blockchain Center, Prof. Phillip Sandner said,
“With the blockchain you can store personal data, such as a CV or identity card, as in a picture book. With our project we show how easy and comfortable that can be for the user.”
The heavy encryption on the copy gives the owner of the copy (node owner) the control on which certificates he or she makes visible to other network participants. As the pilot project is being launched, the Frankfurt based school aims at making credentials accessible and portable to its students through
Introduction of the accessible course certificates on the blockchain makes Frankfurt School of Finance and Management (FS) the first to offer blockchain based certificates in Germany, a feat Veronika Kütt, Research Associate at the FS Blockchain Center and Head of the pilot project has praised the move as futuristic. She said,
“We are doing pioneer work here. Our students find it a privilege to be involved in new technology at an early stage. It's a bit like the programming of the first public Internet sites in the mid-'90s.”
The introduction of blockchain based course certificates has been growing across Europe as the University of Basel in Switzerland and the Center for Innovative Finance (CIF) have introduced the new blockchain based course certificates technology. The latter built its certificates on the Ethereum smart contract platform.