Facing widespread diploma forgery, and driven by the intense competition in India’s job market, the Maharashtra state government has announced the launch of a new blockchain verification system to ensure transparency for genuine qualifications, according to a report in Yahoo!Finance.
The new system will be the world’s largest educational blockchain system, and the Maharashtra State Board of Skill Development (MSBSD) has taken the active decision to overrule the nationwide ban on crypto technologies in order to deliver the progressive project.
In the last 10 years, there has been a rampant increase in forgery of government-issued documents which have caused huge financial and reputational losses to the stakeholders involved.
Ethereum (ETH) has been chosen as the decentralised ecosystem most suitable for hosting the project’s vast public blockchain, this may be due to the soon-to-be-launched Ethereum 2.0 update – which will bring immense scalability to the ecosystem.
This could pave the way for mass-adoption of new blockchain technologies which offer tangible solutions to the complex challenges of running the world’s largest bureaucracy.