Australian University Tests Blockchain in Bid to Back Up Academic Credentials

The University of Melbourne is testing a new system for storing academic credential information on a blockchain.

Oct 10, 2017 at 6:00 p.m. UTC
Updated Sep 13, 2021 at 7:01 a.m. UTC

A public university in Australia is testing a mobile-based system for issuing and maintaining recipient-owned academic credentials on a blockchain.

The tools being built for the University of Melbourne are based on the Blockcerts open standard, developed last year by Learning Machine Technologies and the MIT Media Lab. The government of Malta, as previously reported, is also looking to track changes in academic records by using the tech.

According to a statement from university officials, the trial forms part of a wider effort to bridge new technologies with the higher learning institution's existing services. By storing credential data on a blockchain – within which that information is tied to a certain transaction at a particular point in time – the university is hoping to mitigate the risk of credential fraud.

"While we are entirely committed to the existing degrees and awards that the University offers, we are also interested in exploring how we can build a more diverse credentialing ecosystem," said University Pro Vice-Chancellor Gregor Kennedy. "Issuing credentials on the blockchain is a key component of this investigation."

The news marks the latest intersection of higher education and blockchain more generally. A growing number of institutions (and the researchers who work for them) are looking to launch courses related to the tech, and a few have even begun accepting cryptocurrency as payment.

Image via Shutterstock

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Bitcoin Options Data Suggests Bearish Sentiment Among Investors

Put/call ratio for Bitcoin options reached yearly highs on Thursday, data shows.

Put/call ratio for Bitcoin options reached yearly highs on Thursday, data shows.

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
3
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
4
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown