The Vital Role Of Digital Certificates In Various Global Industries
06 Oct 2023
The digital versions of traditional paper-based certificates are known as digital certificates. They assist in reducing errors and forgeries, as well as reducing the time and expenses related to providing certificates.
But aren't digital certificates applicable to more than just academic credentials?
Yes, that is correct! Numerous industries, many of which stand to gain significantly and right away, have recently acknowledged and applied the potential of blockchain technology and digital certificates.
Regarding the potential of digital certificates, we are only beginning to scratch the surface!
For now, let's take a look at the various institutions and industries where digital certificates are already making an impact and get a quick view of what they'll be able to do in the future.
Digital Certificates During Covid Times
Globally, many public and private sectors started switching to digital record-keeping during the Covid pandemic. Here are a few examples, in which digital certificates play a key role in securing and storing records.
The Singaporean government began using an open-source digital standard for COVID-19 exam result certificates in March 2021. As a result of this action, any traveller who has a COVID-19 test performed at an authorised clinic in Singapore will automatically obtain a digital certificate with their test results.
Additionally, as an attachment or URL, these certificates can be seen and distributed at airports. In order to facilitate travellers’ movement through immigration checkpoints in their airports, the Government Technology Agency of Singapore (GTA) and the Ministry of Health (MOH) produced these digital certificates.
Similarly, in India, the centre is working to provide digital vaccination records that are recognised throughout the world. These will soon be operational and display a person's complete vaccination history, validated by Blockchain technology at the issuing clinic. These certificates will be added to and kept on a government-created digital site, where they will also be quickly downloaded on smartphones/devices in real-time.
Utilizing Digital Certificates For Carbon Credits
Carbon credits are essentially certifications that prove either:
The number of greenhouse gases a company has removed by introducing energy-efficient procedures in their workflow, or
The amount of greenhouse gases a company has decreased through carbon capture methods or forestation drives, or
The quantity of greenhouse gases that a business avoids by taking steps to decrease deforestation, etc.
As a result, the more carbon credits a company owns, the more its operations are in line with the guidelines established by regional environmental bodies. The interesting thing about this is that even if a corporation cannot completely halt its emissions of greenhouse gases, it can still obtain (purchase) carbon credits by either requesting that other businesses reduce their emissions or by engaging in conservation campaigns.
As a result, businesses engaged in the purchase or sale of carbon credits can trade carbon credits using a decentralised trading platform on the blockchain. Here, the architecture of blockchain technology enables quick authentication, the development of smart contracts between manufacturers, distributors, logistics networks, etc., and their incorporation into a single rule-based network that adheres to standardised procedures.
Additionally, it makes it easier to create and store digital carbon credit certificates that can swiftly be obtained and verified by environmental organisations. These digital certificates are shareable and transparent, and they can disclose the accurate data connected with each member of the network.
Digital Certificates In Law
Previously, prosecutors and court personnel have had to rely heavily on external organisations to authenticate or validate digital evidence. The use of blockchain technology can cut down the time and money required by this third-party engagement.
Consider a key segment of crime scene documentation as an example. The transparency of how the digital evidence was created or altered, as well as the availability of complete information about all of its prior custodians, would enable for seamless verification of the evidence's digital transaction history by uploading the same to the judicial blockchain network.
Additionally, corporate records are secured using blockchain technology. When it comes to business law, these data are commonly utilized internationally.
Summing Up,
Overall, digital certificate solutions backed by blockchain can greatly increase operations' perception of transparency and security regardless of the industry.
Due to the decentralised nature of blockchain, all network changes must be approved and validated by the admin/s. This ensures that all data is stored, verified, and managed in the most secure manner possible, irrespective of the task at hand.
An example of one such all-in-all digital certificate solution is VeriDoc Certificates, a blockchain-secured software that ensures quick and easy certificate management. No matter, how digitally able you are, VeriDoc Certificates has got your back. With us, you can be assured of real-time data transparency, authentic certificates, improved productivity & increased efficiency, every time.
To know more or get a demo of how VeriDoc Certificates can help your workflow, contact us today!