India to Deal with Fake Degrees

The Indian government is going to use Blockchain in order to prevent fraud in the education system
06 February 2018   666

Indian Minister of Finance Arun Jaitley in his 2018-19 budget address announced government’s plan to clamp down on crypto trading.  The government is going to support blockchain in order to solve some problems in the world’s second most populous country. According to him, the government will examine the use of this technology.

Since the educational sphere faces a major problem with fake degrees and certificates, the first implementation of the blockchain will be in education. Companies often spend lots of money and time to certify the degree of potential candidates. The problem is that a fake degree costs about $30 and now it can pass even vigorous inspection because it can take weeks or months to certify a degree with its issuing institution. The certification of a degree costs around $15 per applicant. It may not sound like much but large Indian companies are hiring up to 10,000 employees at a time which makes the cost irrelevant.

The blockchain verification of a degree can be accomplished instantaneously using an app. Degrees and certificates registered on blockchain will save companies money and guarantee the authenticity due to this advantage.

The blockchain verification should also help candidates looking for employment in other countries since their degrees will no longer be inspected.

The Indian government is planning to use blockchain in healthcare, benefit distribution and digital identity management.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   44

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 
 

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.