Digital Delivery of Education Transcripts
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Distributed Repository Built on Blockchain Will Provide Trustless Disintermediation for Secure Storage of Digital Assets.
Blockchain is the technology behind bitcoin. Bitcoin is a digital payment system that eliminates the need to trust a third party intermediary to execute the transactions. A distributed ledger with smart contracts acts as a third party intermediary.
The entries stored in the distributed ledger are immutable. That means nobody can change the transaction entries as the transactions are distributed. The documents are verifiable for consistency. Any node on the network can verify entire set of transactions through the blockchain thus ensuring consistency.
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