• Globsyn Business School Becomes the First AICTE Approved B-School in India to Use Blockchain Technology to Digitise its Certification Process
Kolkata, India, February 12, 2019 : Globsyn Business School (GBS) becomes the first AICTE approved B-school in India to use Blockchain technology to digitise its certification process – a feat that has yet to be achieved by any other academic institutions in India, and among the very few to have taken this disruptive step globally. The rollout of the diplomas on Blockchain will allow the students and their prospective employers to access the diploma from any geographical location, without any need to send or present physical certificates. All students graduating from the post graduate programmes of GBS will now be able to share the credential of their diplomas with future employers and higher education institutions around the world without any hassle.
Rahul Dasgupta, Director, Globsyn Business School, said, “Having forayed into the quest for continuous innovation in education two decades ago, it is due to its propensity for technical breakthroughs that today, Globsyn Business School stands on a strong foundation of technological platforms across its systems and processes. Following this legacy, GBS is now set to disrupt yet another age-old system of providing paper diplomas to its graduating students.”
This has been made possible with the use of Certy, a platform that enables educational institutes to issue tamper-proof and instantly-verifiable certificates on the Blockchain, eliminating the need of background verification of students from the root. Certy is the brainchild of Somish, India’s leading Blockchain startup based out of New Delhi.
“Globsyn Business School has made a bold statement by becoming India’s first B-school to adopt Blockchain in their critical certification process. Students can now simply share their certificate IDs and Blockchain transaction hash with prospective employers for instant verification. This is truly ground-breaking. We are dedicated in supporting Globsyn with their Blockchain journey,” said Ish Goel, CEO of Somish.
Blockchain is a decentralized distributed digital ledger, which is collectively maintained by a network of computers. It can be visualized as a large ledger book shared among many people (members) who collectively keep the records. No data on the ledger can be modified by a single person without every other member of the ledger agreeing to the change. Moreover, the ledger book is not stored in one place but is distributed among all the members, ensuring that no single person can tamper with the records, which is highly probable in a centralized database. This makes Blockchain hugely secure and is a technology which is being used extensively in the financial industry.
“The adoption of Blockchain Technology is still in its infancy in the education industry, but we believe it can help make the Indian education system more dependable and trustworthy. We, at Globsyn Business School, are very excited about the adoption of Blockchain to issue our diplomas and are sure it will be a move that every other education institution adopts soon,” Dasgupta further added.
Globsyn has always paved the way towards promoting and advocating technology to facilitate various systems and processes of pedagogic delivery to make it more productive and convenient for its different stakeholders. While GBS Direct enables the MBA aspirants to experience a hassle-free application process into GBS, e-Globsyn is a web 2.0 application with cloud computing based components and an extremely robust Learning Management System that integrates knowledge management, social networking and active learning tools under a single login system.
