Learning MacHine Blockcerts Wants Students to "Own Their Own Records" via Blockchain Credentialing
Learning Machine plans to take its new Bitcoin blockchain certification solution to the commercial market in 1Q 2017. This is less than a year after its June 2016 launch of the open standard Blockcerts toolset, which it built in collaboration with MIT Media Lab. The partnership came about as a result of the company’s work on admissions systems for the....
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Back in June MIT Media Lab tested certification authentication using the Bitcoin blockchain. After working on research and development for over a year, the school organization has released an open standard for digital academic certificates called Blockcerts. Blockcerts Enables Immutable Certification for Anyone. Blockcerts is a MIT Media Lab project....
The MIT Media Lab's Learning Initiative and Learning Machine have released the first version of an open-source project that builds an ecosystem for creating, sharing and verifying blockchain-based educational credentials. The project represents the first step in a broader undertaking that is focused on creating new technologies and collaborating to evolve standards that lift the entire ecosystem. The MIT Media Lab's Learning Initiative integrates learning-related projects across different research groups, develops new technologies for creative learning, and uses the Media Lab as a platform....
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....
Storing educational credentials on a distributed ledger in a transparent manner makes a lot of sense. MIT Media Lab and Learning Machine has done exactly that, allowing individuals to share digital proof of their education and employment. It is always positive to see an open-source blockchain solution being used for this type of purpose. Creating,....
You can add R Jesse McWaters, financial innovation lead at the World Economic Forum (WEF), to the growing chorus of industry voices warning that we’ve reached a "peak" when it comes to the hype surrounding blockchain technology. "I’m trepidatious about inflated expectations re: the blockchain," McWaters said in a new interview, the comments coming as he described the ongoing "awakening" he’s seen among major financial institutions in regards to the technology. While even the WEF itself has lauded blockchain as a global....