Paper documents are hard to manage, hard to share, hard to understand and often hard to trust. Overtime, it becomes difficult to keep track of educational documents, certificates and diplomas. Sharing paper is by nature a one-off transaction and if a student needs 10 transcripts for job or scholarship applications they have to purchase 10 copies.
In order to check the authenticity of paper credentials you have to use an additional verification process contacting a university or hiring a third party to validate them. This causes various problems for school and university applications, job applications and global mobility that blockchain can solve. Another issues is the credibility and the Authenticity of such documents, often times are questionable. TrustED a company built on the blockchain is the first-of-its-kind academic credential verification service, that brings honesty, legitimacy, and convenience to the education and human resources industry. TrustED leverages cutting edge blockchain technology to mitigate many of the problems faced in the process of academic credential verification and storage.
Market Potential & Benefits To Investors
Trusted Platform Identified a huge Gap in the market worthy of exploring. Currently, there exists no universal database of records where an authority can go to verify academic credentials of any one individual, nor is there one for these individuals to securely store their credentials. Venturing into this will make Trusted King and the market base will be enormous considering the no of Institutions that will register and Investors will surely reap great benefits as a result of the market size.
Investors will benefit if the dollar price for today’s Trusted token rises. Currently at 0.02$, if demand surges it will be really awarding for investors.
Some Institutions go extinct and are not contactable, with this increased risk, obtaining past credentials of Individuals becomes a problem and are sometimes at a very high cost. The same principle applies for students who may be transferring to international universities from incapacitated academic institutions which makes it impossible to contact and verify the academic data. Huge market potential here for-Trusted, and the potential rewards surely will be worthwhile.
Benefits Of Trusted Platform
The TrustED platform helps overcome the currently dysfunctional system by enabling academic institutions to store credentials and certifications on a distributed global ledger, rather than centralized databases.
Employers can validate credentials of prospective employees without requiring third parties, or a lengthy process.
TrustED will invite credential issuing authorities, like academicinstitutions, to participate on the platform and issue credentials for their graduates in digital form through the TrustED platform
Credential holders and graduates will be able to create an account on the TrustED platform and have access to their verified credentials at all times.
TrustED will employ the use of TrustED tokens (TED) an ERC20 compliant token to facilitate the purchase of Trust Credits (TCRD) which is a native token to TrustED, utilized for all payments and transactions within the system.
Unique Team
Trusted have ambitious goals which will enable them to set new standards for the Market. To achieve this goal a strong Team is built with all the necessary skills, talents and long-time experience needed for the project. Most of the team members on Trusted have LinkedIn profiles. This is all good because the more transparency a company have in regard to their team, the more trustworthy they typically are. Below is the two co founders of this wonderful project.
Kosta Batzavalis ( co- founder)
Raghu Bala ( c0-founder)
Token & ICO Details
The TrustED ITO will offer the TrustED Token (TED) to participants, which will be an ERC20 token hosted on the Ethereum Mainnet. The ITO will commence with a private pre-ITO, followed by a public ITO that will take place in four stages
Conclusion
TrustED prevents academic fraud and allows instant peer to peer authentication of academic credentials. TrustED is an application which leverages blockchain technology to allow academic institutions such as universities or trade schools to store, authenticate and issue any form of academic credential or certificate digitally to its recipients. Through TrustED it’s impossible to fake academic credentials due to the nature of blockchain technology whilst also eliminating the current lengthy process associated with having to manually issue and verify the academic credentials of prospective individuals. Register now to participate in Trusted token offering.
NOTE: This article is just a guide to potential clients, stakeholders and everybody itching for a snip of this wonderful project and its published regarding bounty campaign. I am not a project team member or its representative but a supporter of this incredible project. The whitepaper will provide an in-depth and thorough analysis of this wonderful project. You can click on the link below and find out more about this wonderful project.
