Higher Ed Compliance Solutions
Fraud and corruption in education exist in various forms. Its global manifestations include diploma mills and the counterfeiting of academic documents, as well as the hiring of academic staff, the passing of examinations, admission into education programs and the award of degrees.
From an institutional perspective, the ramifications of failure to address fraud and corrupt practices are sometimes severe. The most prominent example may be the University of Wales, which was abolished in 2011 because it ran degree validation programs with dubious or downright illegal overseas partner institutions.
Dickinson State University in North Dakota was placed on notice by its accreditor, the Higher Learning Commission after it came out that the university had been graduating international students from top programs with Chinese and Russian partner institutions without authenticated documents or appropriate academic prerequisites. The 2019 College admission scandal is the latest in the many scandals. The problem is an urgent one. The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.
The Education Institutions, similar to most organizations are inundated in data from a variety of sources and devices, are are required to make decision on incoming applicants, incoming employees and at the same time are required to verify credentials of outgoing students and out-going employees.
Challenges in the Current Environment
The current operating model is extremely ineffective:
- Each institution must be manually engaged
- The current marketplace is Closed with zero transparency
- The current process is labor intensive and repetitive
- High costs in the current operating model
- The validity of applicants data is Unknown
The decision makers are under pressure to collect and combine the right mix of available data and use it to make the right decision in the shortest possible timeframe.
How We Do It
ResourceVerified provides a faster decision blockchain platform:
- All verifications are done transparently from the source
- There will be no need for repetitive verification as all data will be permanent
- Cloud based solution, can be implemented with minimal disruption by new or traditional company
- Increased efficiency, lower costs and access to accurate data
Reduce Risk. Be Compliant. Reduce Cost. Increase Efficiency.
The ResourceVerified platform will empower the Educational Institution with the ability to access verified, unaltered applicant data in real time. The key benefits are reliability, availability, immutability. and irrevocability.
Additional value-add includes:
- Validated data
- Unaltered applicant Data
- Cost effective solution
- Transparent to end users
- Dynamically tailored to your objectives
- ResourceVerified will leverage blockchain as a method of recording all data
- All updates and data verified as it happened