ZUG, Switzerland, Dec. 13, 2021 /PRNewswire/ — The BSV blockchain’s Switzerland-based association and University of Sharjah (UAE) have launched a joint research agreement to develop a blockchain-based system to validate the academic certifications and the accreditation of higher education institutions.
Commenting on the signing of the agreement, His Excellency Prof. Maamar Bettayeb – Vice Chancellor for Research and Graduate Studies, stressed the importance of this project in strengthening the relationship between the university and the industry while providing a very useful use case of the Blockchain Technology that helps not only the University of Sharjah but all the academic institutions around the world to authenticate academic credentials. In UAE, it is extremely prohibited to use fake academic certificates or credentials issued by an unauthorised academic institution, and the Federal National Council (FNC) has recently proposed in February 2021 a federal law to penalize anyone who uses false education certificates to secure jobs in the country with fines reaching 1 million dirhams and imprisonment from 3 to 24 months. The development and deployment of blockchain technologies has been a key priority for the government in the UAE, with the Emirates Blockchain Strategy 2021 aiming to transform government services by putting 50% of transactions on-chain by the end of the year.
Commenting on today’s announcement, His Excellency Mr. Jimmy Nguyen – Bitcoin Association for BSV Founding President, said: “With a firm mandate from the government to build and implement world-leading blockchain technologies for the benefit of all of its citizens, UAE represents one of the most forward-thinking and innovative destinations for blockchain and data technologies globally. We are very excited and pleased with the partnership with a premier institution in the UAE such as the University of Sharjah to develop an innovative solution that can help current and former students in…
