DEVELOPED FOR VARIOUS REASONS
➢ INDEPENDENCY – Validation process that would be independent of the issuing institution (original implementation case UNIC in 2014)
➢ LONGEVITY – A solution that would outlive the issuing institution itself
➢ SIMPLICITY – Easy issuing and validation process
➢ SECURITY – A solution that would protect against fake certificates
➢ AUTOMATION/EFFICIENCY – A solution that would reduce manual processes & costs
PRINCIPLE DRIVEN
➢ Built by pioneers in the space with vast experience
➢ Open Source Technology
➢ The easiest to understand and adopt
➢ Built on the most secure blockchain to date (Bitcoin Blockchain)
➢ Versatility, feature-full
➢ Supported by proven professionals and top academics
BUILT BY THE PIONEERS IN THE SPACE
➢ The University of Nicosia, of which Block.co is a spin-off, were the first to publish certificates on the Blockchain as early as 2014, first to offer a degree in Digital Currency and the first to accept bitcoin as a form of tuition fee payment.
➢ More than 15,000 certificates issued as of Dec. 2018
➢ Block.co’s team is supported by The University of Nicosia’s cross-disciplinary research Institute For the Future
OPEN SOURCE CODE & SIMPLICITY
➢ When developing our technology the aim was to achieve as much adoption as possible. That is why our technology is Open Source Code. We abide by the principles of decentralization and invite developers worldwide to further expand our solution for a truly global adoption.
➢ The only way to achieve that was to develop a product that was as easy as possible to understand and therefore to adopt
➢ The use of a PDF file as the document transferred between issuer, owner and validator of certificate has made this possible
PUBLIC RELIABLE BLOCKCHAINS
➢ We chose a Public Blockchain so as not to have any dependency on the life expectancy of any private institution
➢ We chose the Bitcoin Blockchain in particular as it has the least chances of being hacked
➢ We chose the Bitcoin Blockchain as it is by general consent the one expected to outlive all the rest
BENEFITS
➢ Decentralized validation process
➢ No limit as to
➢ Certificates can be issued in batches
➢ Covers the needs of any certificate issuing organization
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➢ Ability to revoke
