I understand that the project is not going to dwell only on university diplomas? You can also use this project with other important documents?
Our goal is to turn TrustED into the industry standard for certificate accreditation. A go to portal and a global decentralized database containing every single certificate or academic credential one ever receives.
The market potential is high and is considered not only in the context of documents for verification (not only diplomas but also any certificates and documents confirming certain academic competencies: this may be a degree, an MBA degree, a diploma, a certificate and any other academic credential issued by the educational institution) but also the market is considered in the context of the target audience that will use the platform for verification (Academic Institutions such as Universities, Trade Schools, Certificate Issuers etc. Recipients/holders of certificates/credentials such as students and graduates, as well as verifying parties such as employers or government agencies).
In a world whereby almost everything we see or do is digitalized, why are our certificates still issued on paper? Smartphones have now become the new wallet, whereby everyone carries their smartphone with them 24/7, having the ability to pay, navigate, search and retrieve information instantly. So why not add in an application which has your academic credentials stored on there and viewable in an instant? When you go for a job interview, your employer will be benefited by having the ability to simply send through a request to view your academic credentials from his smartphone and receive a response instantly. No more having to contact the university to confirm your accreditation, and no more doubt on what grades the employer received whilst studying. In addition, academic institutions will no longer have to worry about attending to verification requests from employers (saving time and costs) and will also have the benefit of knowing exactly what migrating students have studied. Lastly, no one wants to carry around a paper diploma anymore. No one wishes to carry around anything paper copy. 30 years from the time you graduate, one may find themselves changing career paths or changing employment. Keeping a paper diploma/certificate intact for 30 years can be difficult, but having it stored permanently on a digital portal makes it a breeze. With blockchain in its infant stages, and with firm belief that blockchain tech will be highly influential and adopted in the future brings great confidence in the future success of TrustED.
