CreditX: A Decentralized and Secure Credit Platform for Higher Educational Institutes Based on Blockchain Technology

The current flow of education and industry needs, consistent convergence among students, Higher Education Institutes (HEIs) and industrial organizations. Though, maintaining the credibility and verifiability of students' credit information is one of the vital priorities for HEIs, the current credit systems used by most of the HEIs are not sound, and lack effective means of verification. Most of these HEIs, currently utilize systems of centralized and monolithic nature which possesses limitations in availability, security, and scalability domains. Therefore, there exists an absolute requirement for a more secure, efficient, and scalable means of student's credit information management. Blockchain technology empowers the formation of a decentralized domain where data and transactions are not heavily influenced by any outsider association. Every transaction is logged in a public ledger in a verifiable and perpetual manner allowing the visibility to all the parties involved. This enables the creation of a system that is not feasible to penetrate. Therefore, we propose a more credible and innovative solution called CreditX, a decentralized and a secure credit platform for HEIs to collaborate, share and transfer credit data among HEIs, students and industrial organizations while establishing trust.