FAQs Archive | Page 4 of 7

Q: Is forgery hard to prove?

For forgery to be proved, valuable resources and time need to be allocated. Block.co’s solution helps you prevent forgery with blockchain technology, providing a fast and easy validation mechanism without the need for intermediaries.

Q: What types of institutions benefit the most from licensing your product?

Any institution, may it be a public one, a local authority, or any private corporation that issues documents for which they wish to have an enhanced level of security and immutability.

Q: How do you link the blockchain transaction back to the certificate?

We insert the metadata transaction ID and the Merkle proof back to the certificate once the transaction is complete.

Q: Which university in Cyprus specializes in blockchain technology?

The University of Nicosia (UNIC) in Cyprus. In 2014, UNIC became the first university globally to offer a Masters’ degree in Digital Currencies, the first university to accept bitcoin for tuition fees, and the first globally to develop a solution to issue academic certificates on the Blockchain, out of which the company Block.co was spined off.

Q: Where can one find the webapp to validate the certificate?

https://block.co/verify-credentialing

Q: Where else can your validators be found?

You can see examples of our validators as follows: University of Nicosia: https://www.unic.ac.cy/verify/ University of Finance and Economics Mongolia: https://www.ufe.edu.mn/English/Default.aspx?page=9067 Ayia Napa Municipality: https://www.ayianapa.org.cy/validator.php Block.co validators: https://validator.block.co https://block.co/verify-credentialing https://testnet-validator.block.co Please note that the list is not exhaustive as our technology is Open Source Code.

Q: How can I see at which block height my certificate is anchored?

Copy and paste the transaction id on any public bitcoin/litecoin block explorer to see all the details.

Q: Why the Bitcoin blockchain?

It has proved over the years to be the most secure blockchain.

Q: Why is Bitcoin the most secure network?

Proof-of-Work public blockchain security is measured by the processing power (aka hashrate, because it calculates cryptographic hashes) that the network spends on security. Bad actors need to get a majority of the hash rate to attack the network and even so they are limited to what they can do. Bitcoin is the most secure because it has the highest hash rate, so much so that even global companies and state actors cannot really be incentivized to amass that much processing power.

Q: Why not Ethereum blockchain?

We feel there is not much to gain by using Ethereum blockchain.For more insights regarding our design principles, please read the relevant article on our blog: http://staging-blockco.temp312.kinsta.cloud/design-principles-future-directions/