smartworld
Image Source: Unsplash

Smartworld and Etisalat Digital have partnered up to secure academic certificates in the UAE. According to the announcement, Etisalat will offer the blockchain solution developed by Smartworld to all schools in the region exclusively.

Digital Certificates Secured by the Blockchain

Etisalat Digital will use the Shahada platform, a tamper-proof platform for digital certificates, to secure all digital certificates issued by schools in the UAE. Using the Shahada platform will help to save time and resources by making it possible for schools to issue certificates on the blockchain.

The result will be reduced incidents of forgery that are common with paper-based certificates. Besides that, it will enable the creation of educational passports. With these passports, sharing credentials with third parties will become easy since the verification process will be seamless.

Smartworld & Etisalat Digital Partnership

Etisalat Digital will work with Smartworld to ensure Shahada gets to the masses by leveraging its market reach. Besides that, it will rely on the UAE’s advanced infrastructure and operational capabilities to ensure it reaches all universities and schools.

Part of the UAE Blockchain Strategy 2021

The Shahada platform is aligned perfectly with the UAE Blockchain Strategy 2021. In the strategy, which was launched in April 2018, there is a goal of moving 50 percent of government transactions onto the blockchain. It makes the UAE the first country to set such a target.

It is based on the belief that blockchain technology will save effort, time, and resources while facilitating the processing of transactions at a time and place most convenient to citizens. The UAE expects to save around $3 billion in processing costs for documents and transactions. It also expects to save around $108 million in printed document costs annually and 77 million annual work hours.

Each customer in the UAE’s digital transactions system will have a unique identification number, which points to their information stored securely on the blockchain. Since the blockchain is immutable, it will ensure the security of national documents and transactions, which will cut costs and improve the speed of decision-making.

Smartworld & Etisalat Leadership Feedback

According to the Senior VP of Government Sales at Etisalat, Abdulla Ebrahim Al Ahmed, they were pleased to work with Smartworld to bring Shahada to the educational sector. He added that Etisalat Digital was utilizing disruptive technologies to empower all sectors of the UAE and the ME.

The Smartworld CEO, Abdulqader Ali, said that major synergies would be gained from their partnership with Etisalat Digital. Abdulqader believes that aside from students, their solution would help governments and educational institutions. Employers would also have the proper framework to easily verify the credentials of perspective employees. 

About the Shahada Platform

Smartworld announced the launch of the Shahada platform in February 2020. The platform brings together schools, the government, and other stakeholders on a secure platform powered by the blockchain. It enables government bodies to play their regulatory role in the education sector effectively.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like

Token: Open Banking API Provider Raises $16.5 Million From Opera Tech Ventures

Cryptocurrency is evolving, perhaps even faster than the world, and it keeps…

Report Claims Asset Management Could be the Most Impactful Use of the Blockchain

A New report published by ConsenSys claims that the blockchain could help to revolutionize…

Crypto Liquidity Provider Enigma Securities Partners With CME Group

Enigma Securities, a financial institution that specializes in crypto liquidity, custody solutions,…

Bangalore to host India’s largest Blockchain Developer Conference – Genesis DevCon

Genesis Devcon to launch a corporate blockchain accelerator, as well as the…

How Cryptocurrency May Enter The Japan Political System

According to a recent report by Reuters, Japan’s internal affairs minister confirmed that politicians…
Crypto M&A Deals 2020

Crypto M&A Deal Flow Already Surpasses 2019, Hits $600M

According to recent reports, Crypto M&A deal flow in the first 6…
Line - Leading Messaging App In Japan To Launch NFT Marketplace 

Line – Leading Messaging App In Japan To Launch NFT Marketplace 

Line, the leading messaging app in Japan, plans to launch an NFT…

Billionaire Tim Draper Bullish on the future of XRP Cryptocurrency

In early this month, Bitcoin bull Tim Draper responded to a question…

Bitcoin Energy: Scientists Propose a New Cryptocurrency Model that Uses Less

While the cryptocurrencies have grown a great deal nearly a decade since…
BIGG Digital Assets Adds More Bitcoin To Treasury, Total Sits At $3.6M

BIGG Digital Assets Adds More Bitcoin To Treasury, Total Sits At $3.6M

Another company is betting on Bitcoin in the long-term. BIGG Digital Assets,…