Under the National Blockchain Project, Prime Minister Narendra Modi launched blockchain-based digital degrees at the 54th convocation ceremony of Indian Institutes of Technology (IIT) Kanpur. Later Prime Minister also inaugurated the completed section of the Kanpur Metro Rail Project and the Bina-Panki Multiproduct Pipeline Project. These digital degrees can be verified globally and are unforgeable.
The blockchain technology being used by IIT Kanpur to award digital degrees has been developed in-house. It is being touted as a revolutionary technology for the education sector. The technology is already being used in the financial sector. The technology has been developed by the institute under the National Blockchain Project.
