When academic documents go beyond students
Aside from its relevance to students, academic documents especially transcripts are greatly related to the business sector. This is because the transcript is among the required documents that the company’s HR department consider when recruiting. Also, offices need to confirm with universities to recheck whether the transcripts are genuine. This process causes universities and organizations unavoidable business costs.
Each year, there is an average of 245,000 new graduates. If all new graduates apply for a job, the business sector will need to request for document verification with the university at the same amount. This proves to be a burden for related parties. This is worsened by today’s advanced technology that can flawlessly and increasingly create fake documents. Thus, verification needs to be completed with great care. At the King Mongkut’s University of Technology Thonburi alone, students’ request for documents amounts to over 37,000 times per year. At Mahidol University, business sectors’ request for document verification amounts to an average of no less than 5,000 times per year. Today, the “issuance university” is the sole entity that can verify the documents while the process can take up to approximately 3-4 weeks.
The current verification process can also lead to data privacy issues. This may arise from the process wherein documents must pass through various people in different departments and personal information of the applicants may be exposed. A technology that can safely and credibly protect and verify personal information can be no other than the Blockchain.
“B.VER” solution: Easing burden and enhancing transcript verification via Blockchain
As a solution, Digital Ventures has developed “B.VER” or Blockchain Solution for Academic Document Verification. The project is supported by the Ministry of Digital Economy and Society along with 7 universities namely Kasetsart University, Khon Kaen University, King Mongkut’s University of Technology Thonburi, Mahidol University, Rangsit University, Srinakharinwirot University, and Sasin School of Management, Chulalongkorn University. Collaborated business sectors include Thai Oil, Bangchak Corporation, PTT Exploration and Production, PTT Global Chemical, Golden Land Property Development, and IRPC. B.VER is enhancing the verification process with the following steps.
- Part 1 is the preparation of documents on the platform before verification.
Students’ transcripts are uploaded onto B.VER. Afterward, transcripts are encrypted and safely stored in the Blockchain in a fingerprint format which is unique to each document.
- Part 2 is when companies request for the verification.
Once applicants submit the digital-format transcripts acquired from universities to companies, the companies can verify the transcripts on the B.VER system. This is done by uploading the document onto the platform, then the system will encrypt the document in a fingerprint format. This will be compared with the original fingerprint that was previously stored in the Blockchain to find a similarity and results are instant. Fingerprint match means that the document is genuine, if unmatched, this means that the information may have been modified or it may be fake. The result is real-time, and the HR department isn’t required to directly connect to the universities.
- Tech attributes are a solution for companies in the digital age. Not only does B.VER provides companies with speed in document verification and enhance the working process, but it is also an open API that can immediately connect with HR’s current system.
How does B.VER solve user problems?
We have mentioned the problems that each sector is facing as well as B.VER’s process. To get a clearer picture, let us take a look at how B.VER is a solution for all related parties.
When organizations are capable of verifying transcripts via B.VER, universities’ burden on requests and verification is lifted.
- Business Sectors
With B.VER, they are given the speed and precision in terms of applicants’ documents verification. This can reduce the working process, decrease business costs, and lessen the risk of employing applications with fake academic documents.
In the future, students can request university transcripts via B.VER. Also, they can instantly share the document with organizations via this platform.
B.VER is the solution for academic documents usage both in terms of convenience and credible verification. This type of solution is not only confined to Thailand but can also solve similar problems that are happening around the world. Follow Digital Ventures for more updates.
Get to know B.VER in 3 minutes.
Special thanks to:
King Mongkut’s University of Technology Thonburi