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Passing the test with flying colors: Securing employee accreditation through Blockchain

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Passing the test with flying colors: Securing employee accreditation through Blockchain
Source: Lition

In today’s fast-paced world, businesses need to ensure their employees are well versed in relevant technology, regulations, and practices. Top-notch training programs are vital for keeping employees up to date and at the top of their game. But unfortunately, current certification methods aren’t airtight.

Online certificates for successful completion of education programs are often issued on PDFs, which extremely vulnerable to falsification, theft, and duplication. 

And that means company leadership and customers can’t always be certain team members have completed all necessary training and received the proper accreditation.

Luckily, all this is about to change thanks to ERC721 tokens and recent developments in blockchain infrastructure. As an example case study, E-learning provider Lawpilots is collaborating with a blockchain infrastructure firm Lition to finally deliver secure employee accreditation certificates.

By deploying ERC721 token certificates, education programs can kiss vulnerable PDF certificates goodbye forever. By storing certificates on a private blockchain, documents are able to be secured and made available to relevant parties without putting the certification’s authenticity at risk.

However, not all blockchain platforms are created equal, and any platform up to the task must be able to secure certificate on the chain while allowing the data to be deleted when it is no longer relevant.

Let’s take a glimpse into the future of document sharing and security.  

In this kind of system, when a user completes a training module and receives their certificate, they can then upload the certificate to a private sidechain on the network, securing the record. 

The certificates could then be shared upon request with relevant individuals or organizations to prove that the user passed the course. Counter-parties could easily connect to the private sidechains to inspect documents, with access limited to specific time frames or the maximum number of clicks if necessary. 

Many certifications expire after a set period of time, requiring the user to partake in further training. While most blockchain networks are immutable, and therefore would leave expired records in the system, a deletable blockchain infrastructure could be set up to automatically destroy certificates after they are no longer valid. 

Deletability would also give users control over their personal data while guaranteeing enterprises that their systems are GDPR compliant.  

Lawpilots chose to work with Lition precisely because of their novel public-private deletable blockchain infrastructure, which allows enterprises to take advantage of an uncompromising blockchain network and delete data when necessary.

Through this kind of architecture, education companies and their clients could guarantee their employees receive and are up to date on the latest training, helping their businesses run smoothly and protecting themselves from legal vulnerabilities.

The implications of this technology cover countless industries. Nearly every type of business needs to be able to eliminate counterfeiting and provide document security.

Think of all the sensitive information we pass around on PDF that can be easily tampered with or duplicated. Transcripts, university degrees, bank statements, real estate records, healthcare information.

 The list goes on! Isn’t it about time the world doubled down on document security and stopped relying on PDFs that are clumsy, easily doctored and insecure?

Dr. Richard Lowhasser, Lition CEO



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Guest Post

Industry player Fumgo gives 5 tips on how to trade cryptocurrencies

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Industry player Fumgo gives 5 tips on how to trade cryptocurrencies
Source: Fumgo

Look, you could have bought one bitcoin in April for $4,000 and sold it today for $8,000.

It sounds like an easy way to earn money, right? The crypto trading, however, isn’t that simple. In fact, the always-changing price, high stakes, and online scams make it also dangerous for those who know little about it.

So when you take risks for rich rewards, make sure to follow these tips:

1. Use reputable exchanges

To trade cryptocurrencies, you go to exchanges, internet platforms that help buyers and sellers meet.

But high market demand brought in a number of phony exchanges. You must keep an eye out for them and make sure you use only reputable ones like Bittrex, Huobi Global, OKEx, HitBTC, or Binance.

There are also trading terminals like Fumgo. The terminals let you trade across multiple exchanges — including the ones mentioned above — from one interface. In fact, it’s even safer to use them, because they offer two-factor authentication when you log in, unlike exchangers.

2. Learn from professionals

Crypto trading is a job. You need to monitor the price movements and make decisions. This is hard to do without knowledge about the market.

Find real traders and learn from them. Some of them post videos on YouTube.com, others publish articles. It takes time, but it’s well worth it.

At this stage, beware of scammers who have never traded cryptocurrencies but promise to teach the craft. The internet is full of free tips, but these “experts” sell them as professional knowledge.

There’s a way to shortcut the learning curve: the Fumgo terminal has a feature that allows mirroring the traders. If you switch it on, it will make your account copy the actions of chosen professionals automatically. The system verifies them — only true pros allowed.

3. Practice with small sums of money

Seen enough and feel confident? Then it’s time to practice. But don’t rush, start with small investments.

The cryptocurrencies rates change unpredictably, so invest the amount of money that you wouldn’t regret losing. Practice as much as possible this way and when you manage to earn regularly, raise the stakes.

4. Stick with one strategy

Every trader has their own style. Copy one and stick with it for some time, see how it goes. If you change your strategy too frequently, you won’t be able to see the result.

Three tricks are universal, however: 1) make a limited amount of transactions per day to approach trading energized; 2) pay attention to Bitcoin, its price influences other currencies; 3) keep statistics on your transactions to understand what strategies work best.

For the latter, there’s a shortcut, too. The Fumgo terminal tracks your stats automatically and shows the history of all the transactions.

5. Trade different currencies

Bitcoin isn’t the only cryptocurrency worth attention.

The price for Monero, for example, has been changing constantly from $10 in 2017 to $100 today. At some point, it even cost $500. The same with Dash and Ethereum.

Pro traders usually devote only 5–30 percent of their capital to one cryptocurrency. Follow suit.

The easiest way to keep track of your cryptocurrencies is via terminals: in one interface, you can compare the rates of your cryptocurrencies across various exchanges and sell each where it’s most profitable. Terminals usually have subscription models: Fumgo, for example, costs $20 a month but offers a trial week and two free months for subscribers.

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