Cardano (ADA), the cryptocurrency that has been growing in the last part of the last year, has recorded a new achievement. Several Greek universities will now use Cardano’s Blockchain so as to upload privately diplomas data. In this way, students will have an effective way to prove their qualifications among other possibilities.
Cardano’s Blockchain Expanding Among Projects
Cardano is not just a cryptocurrency. It is also a network that is able to run different applications from various fields like the financial world or for educational purposes. Several organizations and governments are using this technology that continues to expand. In this case, these Greek universities, will allow the PoS blockchain system to keep growing.
The Greek national research and education network GRNET will partner with a blockchain company named IOHK in order to register and verify documents from students and the University. More specifically, the students’ diplomas and qualification will be added to Cardano’s blockchain.
A private iteration of Cardano will be used to develop an application. That means, that in order to protect privacy, the membership on the platform will not be public. These universities are part of the European Union’s research and innovation program Horizon 2020. The EU is one of the funding parts of this blockchain project.
The Aristotle University of Thessaloniki, the Democritus University of Thrace and the Athens University of Economics and Business will be part of this project. There is an intention of the GRENT to add more universities to the list and other educational institutions. This new implementation will reduce fraud, issuing times, reduce bureaucracy and simplify the entire verification process.
Cardano has entered to the top 10 cryptocurrencies by market capitalization just a few weeks ago. At the moment of writing this article, Cardano is the fifth cryptocurrency by market capitalization with a solid $26 billion dollars’ market capitalization. Only four cryptocurrencies are in a better position, Bitcoin, Ripple, Ethereum and Bitcoin Cash.
Back in November 2017, this cryptocurrency was worth $0.02 dollars and reached $1.28 dollars some days ago. That represents an increase of 6400 percent.