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.

AccessTimeIconOct 10, 2017 at 6:00 p.m. UTC
Updated Aug 18, 2021 at 7:08 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • 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

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.