With each passing day, technology in India is progressing exponentially. However, as with every development there are pros and cons to it. With increasing number of fraudulent educational degrees being printed, the Indian government is looking to solve this particular problem through Blockchain.
As it was made abundantly clear during the 2018-19 Budget address, the government of India will look to “explore the use of blockchain technology pro-actively for ushering in digital economy,” as said by Finance Minister Arun Jaitley.
The government think tank Niti Aayog in collaboration with government-based blockchain initiative IndiaChain will implement this practice at premier Indian institutes such as Indian Institute of Technology, Bombay and colleges that fall under the aegis of Delhi University.
A source familiar with this development said, “The pilot trials will begin soon and once that is successfully completed, the full-scale implementation will start. The plan is to start issuing digital certificates on the blockchain (IndiaChain) from the 2019 batch onwards.”
Usually fake degrees and certificates are a problem for prospective recruiters and job consultancies in India. Companies that are scouting for fresh talent end up spending huge amount of money determining the veracity of a degree. According to some reports, fake degrees that are hard to discern with a naked eye can cost upto Rs 2000 (which is $30).
Apart from education, another area where the potential of blockchain is being explored is land titles. Recently Andhra Pradesh implemented blockchain to amicably end land-related disputes. It is estimated that $700 million is being paid as bribes across land registers in India. In October, Andhra Pradesh partnered with a Swedish Start-Up ChromaWay to solve this problem.