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Vietnam’s Ministry of Education Partners Blockchain Firm TomoChain to Store Student Records

Student records are now moving onto blockchain networks, at least in Vietnam. According to TomoChain’s official announcement, the Vietnam Ministry of Education and Training (MOET) has announced its partnership with TomoChain, a smart contact platform based in Singapore, to store the certificates and academic records of its tertiary education students under a newly-coined National Qualifications Archive (NQA) program.

This is a milestone for Vietnam, of which crypto and blockchain industries are still nascent as compared to its counterparts in the region. The National Qualifications Archive program is the first large-scale nationwide implementation of blockchain technology by the public sector in Vietnam. 

The records will be stored and viewable on TomoChain’s blockchain, which can process up to 3,000 transactions per second at a low cost of less than $1 USD.

“Diploma and certificate management is an issue that needs to be resolved by technology, which is significant for the whole of society and also cost-efficient for the diploma management system in particular, and education in general,” MOET’s Deputy Minister Nguyen Van Phuc said.

The program currently applies to more than 3 million existing high school and higher education students, and after 2021, the program will begin cataloguing records of past students. Driven by the need to prevent and circumvent academic fraud in the country, this allows businesses and organizations to verify the authenticity of diplomas in a streamlined manner.

You may also want to read: Thai SEC Enables Brokerages to Hold Crypto as Net Capital Reserve

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SuperCryptoNews is Asia’s leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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