San Francisco's new software engineering school, Holberton, has announced it will tackle fake degrees using bitcoin technology.
In partnership with Bitproof, the notary startup founded by teenager Louison Dumont, Holberton will issue every graduate with certificate that can be verified on bitcoin's blockchain using a Digital Certificate Number (DCN).
While statistics on the prevalence of fake college degrees is thin on the ground, 86% of employers in a recent survey said they'd found candidates lying on their CV. In addition, fake certificates are widely available and cheap to buy.
Inserting degree information into the blockchain could be a faster, cheaper solution for employers, said Sylvain Kalache, the co-founder of Holberton School:
"It is much more efficient, secure, and simple than what you can find today in the industry. We think first about our students – we want to make sure that our certificates will always remain valid and verifiable by employers. It will also keep them safe and impossible to copy or hack."
"The blockchain is the future of certification, and we believe that in the following years, more schools will use the public blockchain to secure their certificates and diplomas," he added.
Holberton School launched earlier this month, following a $2m seed round from Silicon Valley's elite, to address the shortage of programmers. An alternative to traditional theory-driven courses, it aims to build 32 'full stack' engineers in two years.
Students in the first intake this coming January will spend their first day at Holberton building their own PC.
Degree image via Shutterstock