The Royal Melbourne Institute of Technology Gives Blockchain-Powered Credentials

On Tuesday, July 24, it became clear that the Royal Melbourne Institute of Technology (RMIT) had decided to allow students to have their credentials stored on the blockchain. The initiative is seen as part of a fintech partnership with popular digital platform Credly.

“RMIT is an innovator, and with this initiative, we're exploring the latest application of this technology as part of our commitment to enhancing our students' experience,” professor Belinda Tynan, deputy vice chancellor for education and VP, explained. 

The project is expected to embody a perfect use case for distributed ledger technology. Students will be able to make a CV with further presentation of their skills on a blockchain. Moreover, they can even share the data with social networks such as LinkedIn. 

The credentials can be used by all students that participate in the university’s program Developing Blockchain Strategy. The course covers main points of the new financial market technology, including the concept of blockchain tech, its impact on the society, and many others. RMIT plans to issue the digital credentials in late August. 

Having a strong belief in blockchain technology, RMIT went on a partnership with Credly. Jonathan Finkelstein, founder and CEO of Credly, described this partnership with following words: 

“This collaboration with a pioneering global partner provides an opportunity to test and refine the application of blockchain in unlocking the full potential for individuals - and organisations - to communicate and discover skills and competencies.”

It is worth mentioning, that the University has already shown its positive attitude towards blockchain technology last September. It founded the RMIT Blockchain Innovation Hub, that is regarded as the world’s first research lab examining the social science of the new tech.