FAQs
We’ve compiled answers to some of the most common questions about our innovative web app, designed to revolutionize the way you manage educational certificates.
Explore below to learn more about how FirstCert can simplify and secure your certificate management process.
What is a blockchain certificate?
A blockchain certificate is a digital document that records educational or professional credentials on a blockchain. This ensures the certificate is secure, immutable, and easily verifiable. Unlike traditional certificates, blockchain certificates leverage cryptographic algorithms to prevent forgery and tampering.
What are the primary benefits of blockchain certificate?
The primary benefits of blockchain certificates include enhanced security and immutability, instant and decentralized verification, global accessibility and recognition, reduced fraud risk, and improved efficiency in issuance and management of credentials​.
What are the advantages of blockchain certificates over traditional certificates?
Blockchain certificates offer enhanced security, instant verification, permanence, and ease of access. They are resistant to forgery, cannot be lost or damaged, and provide a streamlined process for verifying credentials without the need for intermediaries.​
How can employers verify a blockchain certificate?
Employers can verify a blockchain certificate by accessing the blockchain ledger where the certificate is recorded. They can use a provided digital key or QR code to check the certificate’s authenticity and verify its details instantly without needing to contact the issuing institution.
Can blockchain certificates be revoked or updated?
Yes, blockchain certificates can be revoked or updated. This is usually done by adding a new transaction to the blockchain that indicates the change in the status of the certificate, ensuring the history and updates are transparent and traceable.
How does blockchain ensure the privacy of certificate holders?
Smart contracts play a crucial role in real-world asset tokenization by automating and enforcing the terms of agreements related to tokenized assets. These self-executing contracts are programmed with predefined rules and conditions governing asset ownership, transfer, and management. Smart contracts facilitate the issuance, transfer, and redemption of digital tokens representing ownership stakes in real-world assets, without the need for intermediaries.
They enable secure and transparent transactions, automate compliance and regulatory requirements, ensure the integrity of asset ownership records, and reduce administrative overhead.