Blockchain technology elevates content services
Forward-thinking organizations across every industry are looking to blockchain technology to combat fraud, mitigate risk and relieve administrative burdens associated with exchanging information and content. When leveraged as part of a holistic content and process management strategy, blockchain’s power only grows.
Hyland recently acquired Learning Machine, an innovator in blockchain-secured digital credentialing solutions. Learning Machine is a pioneer in leveraging blockchain technology to authenticate documents and content, with solutions that facilitate the creation and sharing of digital records that are recipient-owned, vendor-independent and verifiable anywhere.
By incorporating digital credentialing solutions into an overall content services strategy, organizations generate and manage digital documents that are both easily shareable and instantly verifiable.
What is blockchain technology?
A blockchain is a series of transactions grouped together and stored in a decentralized network of servers called nodes, where they are then replicated across all other available nodes for security and verification of the transaction. Once a block is “written,” it is unalterable because changing it would require editing the transaction record on every node. Each new block of transactions also checks, verifies and ties to the previous block on the chain. For this reason, a blockchain is often compared to a securely decentralized ledger of transactions.
Blockchain technology supports trust, accountability and visibility. It also offers a range of use cases beyond Bitcoin and cryptocurrency. The most mature application of blockchain today, beyond cryptocurrency, is digital credentialing.
What is blockchain-anchored digital credentialing?
Blockchain-anchored digital credentialing empowers organizations like higher education institutions and governmental agencies to instantly validate the authenticity of any document. Diplomas, personal IDs, patient health records, birth certificates, professional certifications and course credits are just some examples of use cases this technology can help advance.
Who can benefit from digital credentialing solutions?
Any organization that issues credentials or documents that may require validation and review can benefit from a blockchain-based digital credentialing solution. Explore customer success stories here.