
Tony and Kangle decided to contribute 50K budget for business development for the next 8 months.
See something off about this company?
We received a technology investment that's worth 50k from Smart Trade Network Global Limited.
We had several schools saying yes to pilot our product so we started off piloting the solution.
We finished developing our V1 product, a web platform that allows education providers to issue and manage tamper-proof certificates.
This is when we decided to start focusing on education credentialing as our client was asking us to build a more user friendly interface to register certificates onto the blockchain.
Digital Record is a leading provider of blockchain-backed credentialing solutions for educational institutions and accreditation agencies. Our services are currently available in 7 countries spanning 5 continents. Our digital platform allows education providers to issue secure & verifiable digital credentials that are backed by the blockchain. What Is a Verifiable Credential? We use the power of blockchain to create verifiable credentials that are digital and cryptographically secure. This includes diplomas, transcripts, and other education records. Storing a record on the blockchain is like storing it on thousands of secure individual databases, where each databases keeps each other in check. Blockchain's inherent property ensures the authenticity of the record. The holders of digital diplomas recorded on the blockchain can share their digital credentials with any entity using a simple link or QR code. With the use of blockchain technology, trust is guaranteed. Target customers: Education providers (i.e Universities, Vocational Training) Problem: Paper & PDF credentials are hard to verify, easy to fraud, and easily lost or destroyed Solution: A web platform where education providers can issue and manage tramper-proof credentials Currently, many universities globally are issuing tamper-proof certificates via our platform. (i.e University of San Francisco, University of Nairobi, etc)
We combat the problem of fraudulent paper and PDF credentials that hinder verification, impacting employment and hiring. Traditional credentials are vulnerable to manipulation and forgery, undermining individuals' confidence in showcasing their qualifications and employers' ability to authenticate candidates' credentials. According to Eaton & Carmichael's 2022 research, this fraud is estimated to be at least $21 billion USD. We are still using paper & PDF for verification purpose in the era of photoshop. Paper & PDF credentials are easy to fake, hard to verify, and easily lost or destroyed. When PDF file first came out in 1993, it was the source of truth as not many people had the access or the knowledge to use photoshop. But today anyone can photoshop straight from their phone without special training. The issue of fake credentials not only undermines the credibility of the individuals who hold them, but also undermines the overall trust and value of education. This has significant economic and social consequences, as employers and society as a whole rely on credentials to determine the knowledge and skills of individuals. The current system of paper and PDF credentials is therefore no longer adequate and a more secure and trustworthy solution is needed.
Kangle Lin
founder
Tony Lenko
founder