Published on October 23rd, 2017 | by bitcoin0
MIT and the Bitcoin blockchain
The Massachusetts Institute of Technology (MIT) has announced a pilot program that will issue diplomas to 111 graduates utilizing the bitcoin blockchain.
Also Read: MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption
MIT Will Issue Diplomas Via the Bitcoin Blockchain Using an App Called Blockcerts Wallet
Blockcerts Wallet facilitates the issuance of a “verifiable, tamper-proof” version of their certification, according to MIT’s website.
MIT states that in order to “ensure the security of the diploma, the pilot utilizes the same blockchain technology that powers the digital currency bitcoin.
Jagers states “it’s a huge roadblock to tell students to go generate public-private key pairs for the bitcoin blockchain.
The diploma information itself doesn’t go onto the blockchain, just the timestamped transaction indicating that MIT created the digital record.