Soon, graduates from Southern Alberta Institue of Technology won’t just be receiving a paper diploma. They will soon receive their credentials via a secure blockchain key. The Calgary-based technical post-secondary institute is the first in Canada to issue blockchain-secured credentials, and one of just around a dozen schools globally (including MIT and Stanford).
Daniel Duffy, SAIT’s chief information officer, said most people are likely familiar with blockchain technology because of Bitcoin and other cryptocurrencies. However, financial transactions are only its first use case. Blockchain has applications in a multitude of areas, including storing secure and private information.