Vietnam To Store Education Records On TomoChain
- Vietnam’s Ministry of Education and Training wishes to create a transparent and immutable record of its student certifications through blockchain technology.
- The “National Qualifications Archive” initiative will be implemented for the 2020-2021 school year.
A student of Khmer descent learns Kinh language (the official Vietnamese language) at the Lac Hoa Primary School in Soc Trang province. Chau Doan/World Bank
Singapore-based TomoChain has entered into a partnership with Vietnam’s Ministry of Education and Training (MOET) to store student records on its blockchain, the firm said in a blog post on 18 November.
According to the announcement, the project is part of MOET’s “National Qualifications Archive” initiative, which will see the country’s high school and higher education certifications uploaded to a blockchain, to create a transparent and immutable record. Vietnam’s new system is expected to come into effect next year, and store all kinds of student certifications from the 2020-2021 school year.
Currently, these records are managed by the country’s educational and training facilities, which according to the blog post, slows down the verification process of recruitment agencies and HR departments. The Deputy Minister of MOET, Nguyen Van Phuc, said in a statement:
“Diploma and certificate management is an issue that needs to be resolved by technology, which is significant for the whole of society and also cost-efficient for the diploma management system in particular, and education in general.”
In the Wednesday announcement, TomoChain also claimed that this initiative is the first instance of a Vietnam government agency applying blockchain technology to its workflow. It is also the first time that the Singaporean startup will provide services to a government agency.
Storing educational data on a blockchain is not a novel idea, with a number of educational institutions and companies already working on such projects. Back in 2019, Japanese tech giants Sony and Fujitsu teamed up to field trial the viability of blockchain technology in management of course records and exam grades. Earlier this year, the Ministry of Education of Brazil also proposed to issue certificates from non-state universities on a blockchain, with the goal of preventing fraud.
- HDBank is one of the few Vietnamese banks that can offer confirmation for L/Cs, and is the first to issue a L/C on the blockchain.
- The bank joined the Contour open trade finance network, which focuses on digitizing the L/C process, back in May 2020.
Image from Shutterstock
- The goal of the alliance is to provide the skills, connections, and knowledge to students interested in blockchain development.
- Launched in October 2019, the organization also tries to link corporate blockchain projects with researchers, students and new protocols.
- CoinDCX’s learning platform will use infographics, tutorial videos, and other content about blockchain and crypto.
- The platform will focus on topics such as blockchain, cryptocurrencies, trading, economics and security.