LuxTag Takes Part in a Blockchain Regulatory Framework
LuxTag® presents e-Scroll™, its new solution for anti-counterfeiting and proof of ownership of diplomas and certificates. Initially deployed for Malaysian public universities, e-Scroll validates certificates using a blockchain-powered web application. Malaysian private universities, as well as international educational institutions, are already showing interest to work with us.
Fake University Degrees And the Black Market
In recent years, university diplomas have become easier to copy, fake and sell on the black market. This situation has reached an alarming point as it puts each one of us at risk, especially in industries like the health sector. Moreover, the standard process of verifying the validity of these documents is time-consuming and often inefficient. Hence, it discourages institutions and employers to proceed to check the authenticity of these documents.
How will e-Scroll Provide a Solution Against Fake Diplomas?
LuxTag’s solution is fast, easy and safe. Every diploma and certificate are tagged with QR codes linked to the blockchain: a secure, immutable and incorruptible database. Issuing institutions keep a register of diplomas on the blockchain which is represented by a QR code. Authentication of diplomas is done by simply scanning the QR code. Thus, the verification process is made simple and transparent.
International Islamic University Malaysia (IIUM) was the first university to implement our solution: in November 2018, a batch of PhD graduates received their blockchain-tagged diploma. The idea was first mooted in one of the meetings of MADICT (Council of ICT Deans of Universities in Malaysia). Dr Maszlee Malik, Minister of Education of Malaysia launched the e-Scroll system during the convocation ceremony at IIUM last November.
Regarding future developments, LuxTag is formulating a collaboration with a reputable Malaysian IT solution provider to service educational institutions nationwide and abroad. Through this collaboration, LuxTag expects to have access to world-class infrastructure and support to make e-Scroll the system of choice when it comes to authentication of education certificates.
Recent Media Coverage about LuxTag E-Scroll Diplomas on the Blockchain
- Harian Metro TV, 17/Feb/2019 — mention of e-Scroll: https://www.youtube.com/watch?v=759V4_SqkrI&feature=youtu.be
Blockchain is a data structure that represents a ledger, programmed to record and track anything of value while being distributed and without a central point of authority. Unlike a regular database, Blockchain has a non-destructive, immutable method to track data changes over time.
LuxTag is an anti-counterfeit and anti-theft solution provider, utilizing the state of the art blockchain platform called NEM. The blockchain-powered service issues digitized certiﬁcates of authenticity for tangible products and links these to brands and owners through multi-signature contracts. LuxTag’s technology provides additional business intelligence through innovative means of enhanced customer engagement. As of today, the catered industries include Art, Fashion and Apparel, Jewelry, Luxury, and Documents.
®“LuxTag”, Trademark registered.
™ “e-Scroll”, Trademark of LuxTag.