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The penetration of blockchain technology into various sectors has showcased that it has the potential to revolutionize the processes and operations across industries.

Vietnam is striving to streamline its educational record-keeping and archive student data on a blockchain.

The Ministry of Education and training has struck an exclusive agreement with smart contract developer TomoChain to maintain its educational records over the blockchain.

Vietnam Education Ministry Adopts Blockchain

The National Qualifications Archive Program would use the TomoChain blockchain to store all the certifications and degrees attained by the Vietnam higher education and high school students. The TomoChain said that its  public blockchain would maintain the records in a transparent and immutable chain, providing more efficient record keeping. 

The record-keeping and verification would enable the Vietnam government and educational institutions to prudently manage their students’ certificates and records, leading to faster processing. This would enhance the overall productivity of the departments leading to faster recruitment and hiring cycles, which are often delayed due to sluggish verification processes in the traditional educational record keeping.

Legacy technologies for maintaining educational records often thwarts the processes leading to delayed verification and posing challenges for the students to transition to higher education institutions or avail employment opportunities quickly. Blockchain can provide a seamless and efficient credit transfer system by facilitating a more transparent and open sharing of the data. Blockchain technology is robust to provide security and authenticity, which the traditional systems lack. 

Vietnam is fast adopting blockchain technology in its various sectors; this would be the most substantial initiative by the government to archive its massive student educational data and maintain all new records on blockchain. Several countries like Malta have experimented with blockchain for educational record keeping.

As per Vietnam’s Deputy Minister of Education and technology, Nguyet Van Phuoc, the Diploma and certificate management issue must be addressed with technology to provide overall cost-effectiveness for the department and generic benefit to society and education.

TomoChain

Tomochain is a Singapore based blockchain company having operations in Vietnam and Japan and runs TomoDex its own crypto exchange. TomoChain announced that the project would be one of the largest public blockchain adoptions in the educational sector. Once the trial is concluded successfully, an estimated 1.5 Million diplomas and certifications of all types awarded by the institutes regulated by MOET would be maintained on the blockchain.

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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