Holberton, the new software school located in San Francisco, has recently announced it will be making use of blockchain technology to combat the problem of fake degrees. Along with its startup partner Bitproof, Holberton Degree certificates will include a Digital Certificate Number that can verify the degree on Bitcoin’s Blockchain.
With both degree and CV fraud increasing in an ever more competitive job market, this presents a fast, secure way to verify qualifications, empowering students and potential employers alike. This shift to verifiable degrees could change the employment market with wider adoption, effectively ending misleading claims on CVs.
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Partnering with startup Bitproof, founded by Louison Dumont, Holberton Software engineering school in San Francisco has announced its intention to utilize blockchain technology to combat the use of fake degrees.
Statistics on the use of fake degrees specifically is hard to come by, but a recent survey showed that 86% of employers are finding lies on CVs submitted during the hiring process, and there is a significant market for fake degree certificates, both suggesting that it does indeed represent a significant problem. To combat this, Holberton is placing a Digital Certificate Number with every degree certificate that can be verified on Bitcoin’s blockchain, providing fast and secure verification of degree attainment.
Sylvain Kalache, the co-founder of Holberton School, said during the announcement that this presents a faster and more cost effective solution for employers, noting that “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." He went on to suggest that the technology could be more widely adopted by schools and colleges as a way to tackle the fake degree issue without causing problems for employers further down the line.
For digital currency and the underlying technology of the blockchain this is a significant step, the use of the system to combat fraud once again highlights the security and trustworthiness of the technology. This is especially useful if widespread adoption for college goers becomes a reality, as it brings awareness of not just blockchain technology, but digital currency, to a broad demographic. Not only that, but this awareness comes while emphasizing the security aspect of the underlying systems as what is possibly their first dealings with digital currency. School goers with the acceptance of blockchain and digital currency as an ultra-secure medium can only be beneficial for the long term acceptance of the technology by the wider market.