According to a CNN Money Switzerland interview on Sept. 19, the University of St. Gallen announced that they are introducing a blockchain-based pilot project to verify the legitimacy of their educational degrees in a matter of seconds rather than days.
Moreover, the University of St. Gallen will be using blockchain so employers can verify if a diploma is real or fake. The new pilot project aims to issue 200 tamperproof certificates by next year, says CIO Harald Rotter. It comes amid concerns of a global rise in this type of fraud.
The university’s CIO Harald Rotter said:
“I saw that it could be necessary and it could be a valid use case to transfer or to make easier to validate our diplomas based on a digital process on blockchain.”