Learning Machine provides the easiest way to issue official records in a digital format that recipients can own and use directly in the world. Rather than having to rely on institutions to transmit official records, the blockchain provides a new technical infrastructure allowing records to be shared peer-to-peer and verified as authentic.
Because these records are cryptographically sealed, recipients and third parties can be absolutely sure they are authentic and have not been altered since originally being issued. This creates benefits for everyone involved:
- Fraud protection for your organization
- Ownership and pride for recipients
- Convenience for verifiers
What is a digital record?
A digital record is any important document that may be used to demonstrate some aspect of identity. Digital documents include academic records, government records, professional certification, memberships, awards, incorporation, accreditation, licenses, and more.
How are these records different from other verified records?
Historically, verification has depended on the issuing institution or other trusted authority to confirm the authenticity of a credential. Not only is this time consuming and costly, if those organizations cease to exist, records can no longer be verified. The blockchain provides a more durable solution in the form of a distributed network of recorded history that cannot be easily altered or taken down. This network removes single points of failure, such as a vendor service or issuing institution, ensuring that records can be verified without any institutional dependencies.
What does the blockchain actually confirm?
The blockchain logs transactions between parties, so that later it can be used to verify the following:
- Confirms that the record has not been altered since issuance
- Confirms the signature of the issuing institution
- Confirms the owner of the record
- Confirms that that has not expired or been revoked
This makes it possible for official records to be verified by strangers and allows recipients to prove ownership if requested.
How does the blockchain prevent fraud?
Once a record has been cryptographically sealed and recorded on the blockchain, it cannot be altered or spoofed. If someone attempts to create fake records, even if they look real, those records will not verify. Another type of fraud that may be attempted is impersonating an institution. Anyone attempting to impersonate an issuing institution will not be able to issue documents that verify because the keys used to sign fake documents will not correspond to those belonging to the legitimate issuing institution. Decentralized key registries help to address this across different industries. Read more about the security features.
How does this create a more convenient verification process?
Traditionally, record verification has been a costly and time-consuming process. This technology allows a verification lookup service to be built directly into enterprise I.T. systems. This allows for the automated verification and sorting of large numbers of records. Until adoption becomes more widespread, Issuers can also host verification sites where records can be instantly verified. In short, the central benefit of using the blockchain is that it allows digital records to be verified with unparalleled efficiency, even if the issuer no longer exists.
Is private information available on the blockchain?
No private information is stored on the blockchain. Only a one-way hash of the content is stored on the blockchain, and it is useful only for verification. A hash is a string of numbers that are mathematically derived from the original content. Verification happens by comparing the hash on the digital record to the one on the blockchain. No certificate content can be recreated from the hash or any other data that is stored on the blockchain.
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