Swiss University Battling Fake Degrees With Blockchain Technology

The University of St. Gallen in Switzerland is setting its sights on blockchain technology to fight fake diplomas, a type of fraud that has been on the rise globally in recent years.

According to a sources on Sept. 19, the University of St. Gallen has announced that it is introducing a blockchain-based pilot project to verify the authenticity of its degrees in a matter of seconds rather than several days. The university’s CIO Harald Rotter said:

“I saw that it could be necessary and it could be a valid use case to transfer or to make easier to validate our diplomas based on a digital process on blockchain.”

The University of St. Gallen has chosen to partner with Swiss blockchain startup BlockFactory and will use its certification solution to create immutable diplomas that are registered on the Ethereum blockchain. (Positive)

Oil and Gas Giant Pilots New Blockchain Platform

Blockchain startup Modex announced the launch of its blockchain-based database platform for simplified blockchain deployment, which will be piloted by Dietsmann, a major oil and gas firm.

Modex announced the release of its latest product, the Modex Blockchain Database platform (Modex BCDB) which simplifies the way companies can deploy blockchain technology projects.

According to the announcement, Modex BCDB enables companies to start blockchain projects in just a few hours, instead of days or even months. CEO and founder of Modex Mihai Ivascu said.

“With the launch of Modex BCDB, we’re excited to usher in a new era of enterprise blockchain adoption. We’ve developed Modex BCDB specifically with enterprise needs in mind in order to counteract the high barriers to adoption that have typically kept businesses on the sidelines.”

On the other side, oil and gas giant Dietsmann, which was founded in 1977 in the Netherlands, is one of the first partners to bring Modex BCDB to its industries. The firm specializing in maintaining the production facilities of other companies.

Peter Kutemann, president and founder of Dietsmann said that blockchain will significantly benefit the company and open new ways of collaborating with its main clients and suppliers, adding:

“Modex Blockchain Database infrastructure allows Dietsmann to be up and running on a private blockchain infrastructure at low cost in a matter of days, with high efficiency and minimal effort from our technical team.” (Positive)

LMAX Digital Continues its Solid Growth Trajectory 

LMAX Digital, the regulated institutional crypto currency exchange and part of the LMAX Group, had a strong financial performance during June, July and August 2019. With a monthly record high of $8.6 billion traded in spot volumes in June and daily record high of $1.25 billion traded on June 27th, LMAX Digital has become a leader in bitcoin spot currency exchange globally.

LMAX Digital currently serves over 200 institutional clients around the world and clearly satisfies the need amongst institutional market participants for a robust, efficient and trusted platform on which to trade digital currencies.

LMAX Digital is regulated by the Gibraltar Financial Services Commission. (Neutral)

Posjetite našu Mjenjačnicu kriptovaluta

  • brza i izravna konverzija kriptovaluta za fiat valute i obrnuto
  • jednostavna i kvalitetna usluga prema standardima FIMA brenda
  • povjerenje temeljeno na dugogodišnjem iskustvu i rezultatima