Blockchain refers to a bookkeeping method that “chains” together entries so that they are very difficult to modify later. It provides a way for large groups of unrelated companies to jointly keep a secure and reliable record of their transactions. It is called blockchain because in the technology underlying Bitcoin, where blockchain was first developed, all the transactions are sorted into “blocks,” and each block is chained, using sophisticated math, to the ones before it, all the way back to the very first transaction — a structure that makes it tough for anyone to change the records after the fact.
By creating a blockchain framework in higher education, institutions could potentially share a wide range of documents, including student transcripts or certificates, in a secure, verifiable network.
2017 Technology & Transfer Conference
Stanford explores a new approach of document certification using technologies popularized by blockchain and cryptography. Our goal is to enable institution to self-certify student credentials and representations, which can be easily validated by human users and systems afterwards. We will share our learning and discovery through our pilot journey in this session.