DIGITAL LIBRARY
EXAMINATION OF POSSIBILITIES FOR PROVING THE AUTHENTICITY OF EDUCATIONAL ACHIEVEMENTS USING NFTS OR SOULBOUND TOKENS RECORDED ON BLOCKCHAIN AND IPFS
Trakia University (BULGARIA)
About this paper:
Appears in: ICERI2023 Proceedings
Publication year: 2023
Pages: 8442-8451
ISBN: 978-84-09-55942-8
ISSN: 2340-1095
doi: 10.21125/iceri.2023.2155
Conference name: 16th annual International Conference of Education, Research and Innovation
Dates: 13-15 November, 2023
Location: Seville, Spain
Abstract:
In the contemporary digital era, ensuring the authenticity of educational achievements has emerged as a significant challenge, necessitating innovative solutions to establish verifiable and tamper-resistant records. This study delves into the examination of cutting-edge technologies, specifically Non-Fungible Tokens (NFTs) and Soulbound Tokens, recorded on the blockchain and InterPlanetary File System (IPFS), as potential mechanisms to address this critical issue.
This research investigates possibilities for the application of NFTs as secure and decentralized digital representations of educational accomplishments. The utilization of blockchain and IPFS ensures transparency, immutability, decentralization, and accessibility of academic records, offering a paradigm shift from conventional centralized certification systems.
The study provides an in-depth analysis of the underlying mechanics of NFTs issuance and usage, exploring their capacity to enhance the credibility of educational certificates through cryptographic verification. The integration of blockchain technology further guarantees data integrity and strengthens the trustworthiness of educational achievements and the management of digital assets.
This investigation unveils the transformative potential of NFTs and Soulbound Tokens in the education sector through a comprehensive examination of real-world use cases and existing projects. The findings reveal that these technological innovations can foster a global ecosystem where educational accomplishments can be seamlessly validated and transferred across institutions, empowering learners with increased trust and recognition.
Additionally, this research addresses the benefits and challenges associated with the implementation of NFTs and Soulbound Tokens in the context of educational certification. Privacy considerations, scalability, and standardization are among the key factors scrutinized to ensure successful integration.
While highlighting the advantages of adopting NFTs and Soulbound Tokens for educational purposes, this study acknowledges the need for careful implementation to overcome potential obstacles. By devising robust privacy measures, educational institutions can fully harness the potential of this technology to bolster their verification processes.
In conclusion, the examination of NFTs and Soulbound Tokens as novel approaches for proving the authenticity of educational achievements brings to light the promising future of decentralized and verifiable certification systems. As this technology matures, it has the potential to be widely recognized and used by educational institutions, offering learners a transparent and universally recognized platform to showcase their competencies while elevating the credibility of academic credentials on a global scale.
Keywords:
Authenticity of educational achievements, digital certificates management, NFT, Soulbound tokens, blockchain, IPFS.