Blockchain Rev1
Blockchain Rev1
SYSTEM 21BCE1358
A. Adithya 21BCE1280
INTRODUCTION
PROBLEM STATEMENT ( CURRENT SCENARIO )
•Centralization and Trust Issues: Traditional skill verification systems are often centralized, relying on
educational institutions, certification bodies, and employers to validate skills and qualifications.
This centralization creates a single point of failure, making these systems vulnerable to data breaches,
manipulation, and fraud. The trustworthiness of the credentials is often questioned,
especially in cases where the verification process lacks transparency.
•Inefficiency and Delays: The process of verifying credentials can be slow and cumbersome,
requiring multiple layers of verification, manual checks, and administrative overhead. This inefficiency not only delays
hiring processes but also hinders professionals from
quickly showcasing their verified skills in a competitive job market.
•Lack of Ownership and Control: Individuals often have limited control over their own credentials.
Once a skill or qualification is issued by an institution, it resides within that institution's centralized database,
leaving individuals dependent on third parties to verify their credentials.
This lack of ownership can be problematic, especially when individuals move across borders or switch industries.
•Inconsistencies and Lack of Standardization: The verification process varies widely across different institutions
and industries, leading to inconsistencies in how skills and qualifications are recognized.
This lack of standardization makes it difficult for employers to compare credentials from different sources, further complicating the
hiring process.
7 Skill Verification • Blockchain technology for • Blockchain enhances skill verification for
Using Blockchain skill verification and transparency and security.[1]
in a Transparent credential • Future efforts aim to improve scalability and
Future validation. [1] [2] incorporate AI for verification.
• Smart contracts and
decentralized identity
management for scalability
and security. [2]
• Machine learning and AI
for automated verification
processes.