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German Frankfurt School to Issue Blockchain-Based Course Certificates

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The Frankfurt School of Finance & Management has introduced blockchain-based coursework certificates for its students.

The Frankfurt School of Finance & Management (FS) in Tyskland will now offer students the ability to prove their qualifications using blockchain technology, Cointelegraph auf Deutsch reported September 17.

As part of a pilot program, graduates of one of FScourses on blockchain technology will be able to prove their successful completion of the course with a certification stored on a blockchain itself.

For the pilot project, FS is working with Consensys, one of the leading software companies in the blockchain field. Consensys has developed a decentralized app (DApp) for so-called self-sovereign identities, wherein certificates are not necessarily published on a blockchain, but only copied to the computers of numerous network participants.

The copies can be encrypted so that the owner of a particular node in the respective network can decide on a case-by-case basis which certificates he or she makes visible to other network participants. Thus, the blockchain actually makes credentials physically portable for the students.

Veronika Kütt, Research Associate at the FS Blockchain Center and Head of the pilot project, finds the opportunity to digitally present certificatesfascinating”:

We are doing pioneer work here. <…> Our students find it a privilege to be involved in new technology at an early stage. It’s a bit like the programming of the first public Internet sites in the mid-’90s.

Professor Philipp Sandner, Head of the FS Blockchain Center, added:

With the blockchain you can store personal data, such as a CV or identity card, as in a picture book. With our project we show how easy and comfortable that can be for the user. “

This makes the FS the first educational institution in Germany to offer its students blockchain-based certificates. The new technology is also being used in Switzerland at the University of Basel. At the end of April, the Center for Innovative Finance (CIF) introduced course certificates registered on the Ethereum blockchain.

Hjem Krypto nyheder World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection
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World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection

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The World Economic Forum has outlined more than 65 blockchain use cases for environmental protection in a recent report.

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressingenvironmental challenges, in a report published September 14.

In the report, titled “Building Block(chain)s for a Better Planet,” the Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges.

The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, and others.

In addition to the potential for improving existing processes, the report also mentions the possibility of introducing completely new blockchain solutionsso-called “game changers” – that are expected to completely transform the way major environmental issues are managed.

These “game changersinclude “see throughsupply chains, decentralized energy and water management systems, sustainable fundraising sources, carbon markets, and others.

According to the report, the next important step in introducing blockchain applications for environmental protection is the establishment a “responsibleand “globalblockchain ecosystem, as opposed to funding specific, separate projects.

In conclusion, the WEF also pinpointed the problem of excessive use of blockchain caused by the hype around the industry.

To solve this issue, the organization has suggested three major questions to be considered as a starting point for any blockchain-related initiative: can the technology solve a specific problem, can the risks of unintended consequences be managed acceptably, and whether a functioning ecosystem of stakeholders is available.

On September 13, the WEF published a joint report that has estimated that the distributed ledger technology (DLT) could add $1 trillion to the volume of global trade over the next ten years. The report also argued that the embracement of the technology by major governments, including the member-states of the Europæiske Union, is “unavoidable.

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