Life Clips, Inc. Subsidiary Belfrics To Issue University Certificates On Its Blockchain For The Indian State Of Maharashtra
March 07, 2022 08:30 ET | Source: Life Clips Inc.
Universities in Maharashtra State India can now verify certificates within 10 seconds
Belfrics to onboard more than 45 universities for issuing certificate
Currently the academic degree verification and certification process used by universities is a manual process requiring human intervention
AVENTURA, Fla., March 07, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) today announced its Belfrics subsidiary will issue all university level certificates to students in the State of Maharashtra, India on the Belrium blockchain. Mumbai, India’s financial and commercial center, is the capital of Maharashtra state. This will make Maharashtra India’s first state to use blockchain for educational certificates, as well as one of the world’s largest users of blockchain based educational certificates. Belfrics partner will be Maharashtra Information Technology Support Center (MITSC), a company it announced a partnership with last month.
MITSC president, Yashwant Shitole, said, “There are 22 million students across Maharashtra state. Initially, we plan to issue 500,000 certificates in 3 years to students who will complete English Proficiency Skills this year, and another 50,000 certificates to students who will complete affordable advanced skill development courses such as cyber security, artificial intelligence, machine learning and blockchain. Each student will receive a digital file containing the original pdf of the certificate and its corresponding blockchain proof file. Our plans call for onboarding 23 state universities and 21 deemed universities that issue degree and diploma certificates. We are also in talks with additional universities who are willing to opt for blockchain based certificates for their students.”
Praveen Kumar, Founder & CEO of Belfrics Group, said, “Countries like Singapore, Bahrain, Dubai and Malta have already adopted blockchain when it comes to issuing certificates. Our partnership with MITSC is off to a great start, as we initiate this process in India, as well. Our focus is to not only to increase digitization of educational processes, but to also reduce forging of certificates, which is a serious concern for universities and other educational institutes. MITSC has decided to issue blockchain-based certificates to the universities associated with them and also to universities and other autonomous institutes across Maharashtra.”
Blockchain based certification effectively reduces the verification process for universities to under 10 seconds. Certificates could be verified by providing the unique identifier of the certificate such as transaction ID, unique exam roll number or cryptographic hash of the certificate. This will ease the verification process for the document receiver, verifying the authenticity and integrity of the certificate. Currently the academic degree verification and certification process used by universities is a manual process that requires human intervention.
Rob Grinberg, CEO of Life Clips, said, “We are only seeing the beginning of the real-world capabilities of Belfrics’ blockchain solutions. I believe we have a more advanced offering than many of our larger competitors, and a Belfrics team with the right relationships to successfully market it.”
Maharashtra is the second-most populous state in India and the second-most populous country subdivision globally. According to the most recent census data, Maharashtra has a population of 112,374,333. It is divided into six divisions and 36 districts, with the state capital being Mumbai, the most populous urban area in India. Spread over 118,809 square miles, Maharashtra is the third-largest state by area in India. Maharashtra is among the most developed Indian states contributing to the national economy with a share of 12% in the country's GDP. The economy of Maharashtra is the largest in India, with a gross state domestic product equivalent to US$350 billion.
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