Verify — A Niftron Case Study
Verified certification of any specific skill has become a benchmark standard by entities to measure the potential candidates. Paper-based certificate issuance and verification is an intricate process that is vulnerable to fraud and prone to errors. Verify helps academic institutions and other business entities to simplify and automate the certificate validation and publication process. Verify’s aimed to works towards making the certification less fraudulent, transparent, instantly verifiable smart certificates secured by blockchain technology in order to reduce the carbon footprint.
To achieve their goal The Verify network (Pvt) Ltd. created a platform named “Verify”, which issues trusted, secured and transparent smart certificates through blockchain technology. The technology ensures that the certificates are not tampered with enabling a less fraudulent and secured platform. The smart certificates can be verified by any entity hence the transparency. Full ownership of the certificates and data will be with the user than with the platform or third party. This automated system allows students and their prospective employers to access the certificates and academic credentials from any geographical location without any need of a physical certificate.
Few of the main selling points of verify includes
- We are the pioneers
- Affordable price tags
- Custom packages
- Pay as you go model
- 24X7 local language support
Verify uses Niftron to attain various values that verify was founded on as Niftron provides its Blockchain as a Service platform to enable Verify to integrate blockchain easily and efficiently to improve trust, transparency, security, and ownership.
“Blockchain is not simple”. Building a blockchain application is completely different, compared to how we build other software applications. The same goes for integrating blockchain with your existing projects. In a blockchain project, 60% — 70% of the time is allocated for architecting the solution perfectly. While architecting, businesses need to think about how to maintain trust, transparency, decentralization, transaction management, how to build the app cost-effectively, wallet and key management, the security of data & key and the scalability of the solution. Verify’s Partnership with Niftron made blockchain simple by taking all these metrics from the developer side and providing them with an SDK with services and APIs which can be used to connect with the blockchain that they prefer. This provides them with the flexibility to switch to another blockchain just by a button click through our developer console.
The core of Niftron is tokenization and that helped Verify to tokenize the certificates as blockchain assets. This provides liquidity to the certificates and enables the certificate issuers to easily transfer the certificates to the users with full ownership. Users can receive the certificates in a form of a token and the data and token will be stored in the user wallet under their full controlled. Verify uses Niftron’s secure and user-friendly blockchain wallet for their users to accept and store their certificates. In addition, Verify uses Niftron’s blockchain-based approvals to get multiple people to approve upon issuing the token. Verify users or anyone who wants to validate the certificate can use Niftron’s explorer to validate and verify the issuer, receiver, dates and multiple other info in a secure and trusted manner.
Verify has done a pilot study with a local and an international entity and provided around 400 certificates via our verify portal. Currently, they are in progress with 2 private universities and 2 virtual international conferences as digital certificate partners. Also, emerged as a national finalist and second runners up of the globally renowned women entrepreneurship competition, “She Loves Tech 2020” Sri Lanka edition. Below are some posts shared by the students who received IIT Cutting Edge 2020 Certificates through Verify.
In the future verify hopes to work with more universities and institutes and become a globally trusted digital certificate provider to reduce the carbon footprint. We are really happy to see organizations like verify integrating blockchain with their products easily and cost-effectively to provide trust through transparency and security.
Niftron already has attracted local and international customers after the beta release. We have clients who are developing decentralized social media application, non-profit fundraising and traceability app, domain name issuing as well as issuing tickets and certificates through blockchain. The most attractive feature for the clients is our Pay as you Use model where they don’t need to invest a lot to integrate blockchain and they can pay based on their usage only. To learn more visit https://www.niftron.com.