Author: Jagdish Kumar, India
With a view to provide educational loans and scholarships to students, Kerala based Saintgits Group of Institutions, an educational institute has roped in Sernezio, a startup for implementing a Blockchain-based scholarship programme in a live environment.
The memorandum of understanding (MoU) was signed recently with the company that make it the first blockchain company in the world to implement such a programme.
By using Sernez’s platform, Saintgits can customize its scholarship program in a transparent and efficient manner.
Saintgits Group of Institutions COO, John Jacob said that with implementing this over 3,500 students in our institution gain access to scholarships from around the world on the Blockchain and bring transparency and authenticity in the scholarship process by reducing human intervention through the use of smart contracts.
Speaking on this, Sernez.io co-founder Rahul R Pillai said that in this era of globalization, where finance and talent acquisition are still not globalised, Sernez transcends geographical borders to democratize finance and opportunities for students all over the world.
Another Kolkata based Globsyn Business School (GBS) will be using Blockchain to issue digital diplomas to the post-graduate students of its management programs.
For this, the college has signed an agreement with Mumbai-headquartered Zeonlab to develop its certification management service.
By using this, students will be granted a private and encrypted digital key linked to their diploma, enabling them to share the credentials of their diplomas with future employers and higher education institutions across the world, without any need to send or present physical certificates.
Commenting on this, Globsyn group director Rahul Dasgupta said that with the adoption of Blockchain technology, we can help make the Indian education system more dependable and trustworthy.
Zeonlab CEO Chinmaya Sharma said, Globsyn has become India’s first academic institute to move their certificates on Blockchain. It has also joined the league of institutions like the MIT Media Lab who are managing their certificates on Blockchain.
Image credit: bitcoinmagazine.com