Follow

What are Blockchain Credentials?

Accredible allows you to issue verifiable credentials on the blockchain to help prevent fraud:

With paper certificates a key barrier to fraud could be broken with Photoshop or photocopier skills. With digital credentials fraud is harder and puts the onus on our cyber security. Adding your credentials to the Blockchain makes this even stronger because there's a record of the credential that's impossible to change.

We use the blockchain to cryptographically seal a record of the credential when it's created so that third parties can be absolutely certain that a record hasn't been altered since being issued. This dramatically improves fraud protection for your organization.

 

What is the Blockchain?

Accredible uses the Bitcoin Blockchain to store an immutable record of credentials. The Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Anything that we write to the Blockchain can't be altered in the future by any party.

 

How does the Blockchain prevent fraud?

Once we've recorded a credential on the Blockchain it cannot be altered, faked or spoofed. If someone attempts to create a credential that looks like your credentials it won't verify against the Blockchain record. 

 

How does it work?

When you create a credential we use the information provided to create a series of numbers that represent that information. We send this information to the Blockchain and store it there. Whenever someone goes to verify a credential we check the stored series of numbers against what the credential information generates today and make sure they're the same.

 

Is private information available on the Blockchain?

No private or personal information is stored on the Blockchain. The only thing stored on the Blockchain is a series of numbers mathematically derived from the credential information. We can use this series of numbers to verify that the content displayed matches the original record.

 

Was this article helpful?
2 out of 2 found this helpful
Have more questions? Submit a request

0 Comments

Please sign in to leave a comment.