Degrees issued by local tertiary institutions can now be verified through blockchain-based application.
The Malaysian Ministry of Education announced that the E-Skrol blockchain application will now be available for all public and private universities in the country. E-Skrol allows the Ministry to verify the authenticity of Maylaysian educational degrees,
The E-Skrol application aims to tackle problems such as fake educational degree certificates in Malaysia, which can be obtained online from so-called diploma mills.
Education Minister Dr. Maszlee Malik stated that the issue of degree forgeries has had a negative impact on the Malaysian higher education system, adding:
“There are people who latch on to the reputation of Malaysian public universities to improve their profiles by displaying fake certificates. I believe the blockchain application can change this situation.’
The education minister added that now anyone, anywhere in the world can verify the data of any graduate of a Malaysian university, including their name, full transcript, graduation date and class of degree through the application and scanning the QR code, which are printed on the certificates.
Malaysia focusing on blockchain
Malaysia is committed to making the most of blockchain technology. The government is also planning to grow its blockchain talent pool.
In June, The Malaysian government launched a work visa program targeting blockchain-capable talents from all over the world.
The program aims to attract foreign professionals who will have the right to stay in the country for up to 12 months to provide blockchain-related services or undergo training at a Malaysian company.
The growing blockchain market
The global blockchain technology market is set to surpass $16 billion by 2024, according to a recent report from a market research firm.
According to the analysis, the key factor contributing to the global blockchain tech market growth will primarily be increasing adoption of blockchain by financial companies.