Blockchain-Enabled Document Security & Verification

Blockchain-EnabledDocument Security &VerificationTSLA & DIR: E-RECORDS 2020Natalie SmolenskiHead of Business DevelopmentHyland CredentialsNovember 18, 2020

AGENDA Record-Keeping in the Public Sector Blockchain Technology Blockchain for Document Registration Q&A

RECORD-KEEPING IN THE PUBLICSECTOR

GOVERNMENT-ISSUED RECORDSProfessional Licenses Recognize qualified professionals with digital licenses that they can easilyhold on their phone and share online Licenses may be enhanced with metadata of your choosing and are fullymachine readableVital Records Citizens have an easy way of storing, sharing, and verifying their vitalrecords in a private portfolio Easily accommodate name changes with instant revocation and reissuanceIdentity Documents Citizens and residents have the ability to verify their citizenship andresidency instantly, anywhere in the worldImmunizations In a post-COVID world, verify that individuals accessing sensitivelocations or crossing a border have the necessary immunizations

CERTAIN DOCUMENTS MUST BE AUTHENTICEDUCATION: DEGREESDIPLOMASTRANSCRIPTSCONTRACTS: SERVICESEMPLOYMENTCONSTRUCTIONLEGAL: WILLSDEEDSTRUSTSCERTIFICATES: QUALIFICATIONCOMPLIANCEINSURANCERECORDS: MILITARYCRIMINALLITIGATION

PROBLEM WITHPAPER RECORDS Paper and PDF credentials and recordsare slow, insecure, easy to fake, andexpensive to verify Governments also need an alternativesolution to issuing paper-based recordsand certificates in light of COVID-relatedoffice closures and supply chaindisruptions

Lack of Convenience for EveryonePROBLEM WITHPAPER RECORDS Expensive to send and verify Potential for fraud Lack of recipient ownership Hard to enrich with meaning Single point of failure

CAN SERIOUSLY IMPACTFINANCESSAFETYREPUTATION

100,000 Fake Degrees soldonline every yearTIMETO VERIFYHealthcare “license to practice” takesAverage of Two Months to validate60% of hiring managers investigatingresumes caught fabricationsRISKOF TRUST

Blockchain can be used to validate thata document is authentic and unaltered

BLOCKCHAIN TECHNOLOGY

BLOCKCHAIN: A NEW MEMORY SYSTEMImage Credit: Ex Machina, Film4/DNA Films

Blockchain is anincorruptible digital ledgerof economic transactionsthat can be programmed torecord not just financialtransactions but virtuallyeverything of value.D o n & A l e x Ta p s c o t t , a u t h o r sBlockchain Revolution (2016)

Source: Encyclopedia Brittanica

FEI STONES: ISLAND OF YAPSource: 6/27/conceito-do-dinheiro/

A DECENTRALIZED LEDGERSenderReceiverContentTransaction 1Person APerson BStone XTransaction 2Person BPerson CStone YTransaction 3Person CPerson AStone ZTransaction 4Person BPerson CStone X

BITCOIN: AN ANCIENT TECHNOLOGYSource: 6/27/conceito-do-dinheiro/

HOW DOES BLOCKCHAIN WORK?A transaction isinitiatedData is packaged ina “block”The update isdistributedThe block is addedto the chainThe block is sent tomembersConsensus & approvalby network

BLOCKCHAIN FOR DOCUMENTREGISTRATION

BLOCKCHAIN REGISTRATIONDocumentHash

OPEN SOURCE, OPENSTANDARDSIncubated with MIT and evolving in alignment withthe W3C, blockcerts.org is the most widelyadopted open-source code for anchoring recordsto any blockchain.

APPLICATION

ANY BLOCKCHAINBlockcerts enables recipient ownership, vendor independence and instant verificationvia any public or private blockchain.BitcoinEthereumHyperledgerAnd more

MACHINE-READABLEOfficial documents are software — digital credentials built in open standard JSON are vendorindependent, tamper evident, human & machine readable and instantly verifiable.DISPLAYCONTENTRecipient Key/DIDKjhu8ue8wjh8ue993RECEIPTSigned Hash897u8usd7DHJFJKJAj888hReceiptTransaction on Chain

MOBILE APPThe passphrase is a simpleway to generate keys.PUBLIC KEY00c5d020207629c67f4ce19f487d411c0aPRIVATE KEY0e0711e8fe53fa5d5e11227b8755b4cb90

orchestration

SHAREABLE AND VERIFIABLE

BENEFITS Improve efficiencies and security Enhance agency visibility and reputation Empower your stakeholders Strengthen your network relationships

Questions?

resumes caught fabrications 100,000 Fake Degrees sold online every year. Blockchain can be used to validate that a document is authentic and unaltered. BLOCKCHAIN TECHNOLOGY. Image Credit