Registering standardization certificates happens in a system controlled by one agency. This system is often well protected, but a single source of truth makes them potentially vulnerable to security breaches.
In some other jurisdictions, the protection of databases storing such sensitive standardization with industry best practices. Hence, multiple products or organizations can inadvertently or maliciously share standardization certificates.
Blockchain technology itself is still a long way off from standardization as it is to be expected of a disruptive technology that is barely ten years old. A handful of them are fundamentally unique, but most of them are variants of the same idea.
Updates and changes to the certificates are automatically linked to QR codes, which are re-recorded (hashed) on the blockchain platform. This information corresponds to NeN's Certificate Registration System.
Using secure, uncopyable QR codes and blockchain technology, NeN is now powered with transparency into their supply chains and the ability to directly engage in meaningful, two-way conversations with their end-consumers.
Organizational certificates are now on various organizational systems, in inaccessible folders for some. In future white label environments, each organization will have its dashboard, with its data, to do their analysis on that data.
The International Organization for Standardization (ISO), which develops and publishes International Standards says the first standards for Blockchain technology will be released in the next 18 months. LTO is actively involved in this group.
Certificates are actually printed on badges and certificates that are used on the worksite. This means that the validity can be checked instantly by superiors and/or regulators.
Since certificates are managed in the BettyBlocks application, run by NeN-partners, smart, decentralized certificates can be revoked with the click of a button.
The new solution allows for immediate, trusted checks on certificates by anyone with a smartphone.
Paper-based certificates can't be validated on the spot, when necessary.
The revocation of a certificate is anchored on the blockchain, meaning that working with a revoked certificate becomes impossible.
Having a certificate doesn't mean that it's still valid, and hasn't been revoked.
LTO's blockchain is optimized for anchoring, making transactions near-instant and affordable.
Traditional blockchains tend to be very slow and expensive to anchor this many transactions.