Concurring to the ministry’s tweet, the framework is planned to issue and confirm the realness of college-issued degrees. The new government-supported consortium will at first consist of six public universities and the diploma verification system will operate on the NEM (XEM) blockchain.
According to the Ministry, the new system was created by a group led by a professor from the International Islamic University of Malaysia (IIUM).
The local media report further indicates that the idea of the consortium was suggested by the MoE in order to protect the notoriety and the astuteness of Malaysian universities, to secure the rights of students, as well as to advance distributed ledger technology (DLT).
The MoE informed the media that the important reason behind the setting up of the consortium is to “spread skills training,” as well as to create and embrace the innovation by students and scholastics. In the long term, the ministry expressed it is additionally looking at the improvement of what it alluded to as “industry-standard” blockchain arrangements that could possibly produce income for Consortium member universities.
Ministry of Education Announces setting up of a University Consortium on Blockchain Technology and Launches the e-Scroll system – A University Degree Issuance and Verification System Based on the Blockchain technology pic.twitter.com/lpqm2pdOJ2
— KPM (@KemPendidikan) November 8, 2018
As of late, a Russian state-backed university reported it would record diploma information on blockchain, pronouncing that the institution has as of now recorded the data of “all diplomas issued over the past ten years” utilizing DLT. Last October, the Massachusetts Institute of Technology (MIT) supposedly became the world’s first university to deliver digital diplomas by employing blockchain technology.