TE-FOOD Unveils New Product to Authenticate Certificates
Blockchain-based food traceability solution, TE-FOOD, has unveiled BlockSeal, a new product for authenticating certificates. BlockSeal will allow issuers of certificates to create secure, authentic, and easy-to-share versions of certificates on the blockchain.
While citing the vulnerability of paper-based certificates, TE-FOOD stated that fake certificates are a major problem in the food industry for both producers and retailers. In a bid to cut down on cost and increase profits, participants within the food industry often patronize companies that issue fake certifications.
BlockSeal provides an easy way for certificate issuers to upload certificate data, get back a QR code and a blockchain hash and generate an electronic version of the certificate with the blockchain-based data. The QR code can be printed on the paper-based certificate to serve as a reference to the landing page for validation reasons.
The possible use cases of BlockSeal extends beyond food traceability and the supply chain, which TE-FOOD is known for. BlockSeal can be used in any industry that requires the authentication of certificates including academic and professional settings.
In 2018, for example, the CEO of a software company was arrested for selling fake university degrees up to the sum of $140 million. Universities and certificate-issuing organizations can use BlockSeal’s solution to store data which can be authenticated at any point in time on the blockchain.