Enterprise content material service supplier Hyland and DLT community Hedera Hashgraph have partnered to develop blockchain expertise that verifies government-issued data. A proof of idea (PoC) of the initiative was offered to the Texas Secretary of State and instigated by the Texas Blockchain Council, a commerce affiliation.
The PoC will challenge digital Apostilles, that are internationally acknowledged authorities authenticated paperwork. Hyland will present the software program to course of doc requests and challenge them on a blockchain. Traditionally Hyland’s credentials have used the Bitcoin and Ethereum blockchains. Given Ethereum’s present excessive transactions prices, Hedera can present another, cost-effective safe protocol community layer. Its hashgraph is technically a public distributed ledger expertise (DLT) fairly than a blockchain.
Hyland’s software program is enabled by Learning Machine, a blockchain credentialing startup acquired by Hyland originally of 2020. Its platform relies on Blockcerts, an open commonplace for blockchain credentialing.
“A blockchain may be utilized as a digital notary. That makes it good for validating official data, together with identification paperwork and credentials.” mentioned Hyland’s Head of Enterprise Improvement Natalie Smolenski. “Governments shall be adopting blockchain to stop fraud, mitigate danger, create efficiencies, and decrease prices.”
This partnership appears to be centered on issuing citizen’s data. There are a variety of comparable tasks with an emphasis on validating pre-existing credentials on blockchain and even growing a credential e-wallet. For instance, the U.S. Homeland Security is trying to develop a pockets that may maintain decentralized credentials reminiscent of Everlasting Resident Playing cards. Moreover, the Velocity Network, which incorporates Oracle and Randstad, is growing verifiable profession credentials on blockchain
In the meantime, Hyland and Hedera are Strategic Companions of the brand new Texas Blockchain Council. The initiative is a non-profit affiliation of corporations and people lively within the blockchain business which goals to advertise blockchain innovation in Texas. That is its first official undertaking.
Final yr, Hyland launched a blockchain-based schooling credentialing platform that facilitates verification and sharing of certificates, diplomas and levels amongst faculties and schools. As for Hedera, world regulation agency Dentons just lately joined the community, becoming a member of excessive profile governing council members reminiscent of IBM and Google.