SP Jain School of Global Management has announced the issuance of Blockchain enabled certificates to its students. As many as 1189 blockchain based certificates were issued which are now Live on Ethereum Blockchain. With this, SP Jain School of Global Management has become the first B-School in the world to issue certificates for its degree and professional certification using custom smart contract on popular public blockchain platform Ethereum.
The automated five-step blockchain validation is intuitive and does not require any technical know-how on validator’s end. Prospective employers or other agencies can now directly verify our student’s credentials, authenticity, and view student projects without contacting the institution.
Speaking on this latest development, Nitish Jain, President, SP Jain School of Global Management said, “Digital certificates are the future. There have been various attempts globally to issue certificates on the blockchain. But so far no one has captured the complete lifecycle of the certification. Students’ attendance and other private data are securely stored in the school’s private blockchain and only the certification related data is exposed to the public Ethereum blockchain. The future is now. It’s either change or perish”.
Vikram Pandya, Director of the Fintech Program at SP Jain Global said, “We are at the crossroads of a major digital upheaval. Right from shopping to banking, we are going the digital way, it is therefore natural to digitize all significant documents in the near future. By scanning the smart QR code printed on the certificate anyone can validate the certificate without requiring any additional software or application.” Mr. Pandya is a leading FinTech expert with extensive experience in BFSI sector and has led the digital certification initiative at SP Jain.
The intelligent custom smart contract, created in partnership with Smart-Sense Consulting Solutions, allows SP Jain School of Global Management to issue certificates, link students’ portfolio & projects, link students’ transcript and other documents, track its verification/use and control revocation list.
