PM Narendra Modi launches blockchain-based digital degree at IIT Kanpur

Kanpur: Prime Minister Narendra Modi  launched a blockchain-based digital degree at the 54th convocation ceremony of the Indian Institute of Technology (IIT) Kanpur. In this convocation all the students were issued digital degrees through an in-house blockchain powered technology developed at the institute under the National Blockchain Project. These digital degrees are globally verifiable and cannot be duplicated.

Addressing the convocation, PM Modi said that technology is the future and it is receiving invaluable gifts from prestigious institutions like IIT Kanpur. At the same time, All India Radio has shared a short video of this digital degree launched by PM Modi on the micro-blogging platform Koo App.

This blockchain-based highly secure digital degree was handed over to 1723 students in a single click during the ceremony. With this, IIT Kanpur became the premier institute in the country to deliver blockchain technology and degrees that are uniquely recognized across the globe. If we talk about this degree, then every degree is equipped with the features like Tender Proof i.e. tamper-proof, verifiable worldwide, viewable with the consent of the user and can be seen only by whomever he wants.

What is Blockchain Technology

Blockchain system works on the principle of decentralization. This means that its control is not in the hands of a single central agency, but a dispersed network of nodes. This will help keep the data secure even if a specific node has been hacked. Furthermore, information in a blockchain is recorded and stored sequentially with an accurate timestamp. In this, the previous information cannot be changed and can only be modified by adding a new block. This makes it very difficult to tamper with a single transcript.

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