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The University College London (UCL) has declared that its Centre for Blockchain technologies has recently finalized a pilot program permitting MSc graduates in Financial Risk Management to offer immediate confirmation of the academic qualification via bitcoin. London-based startup Gradbase has developed a platform in which all graduates in 2016-2017 of the above course mention can register their degree credential. The validity of this information is verified by the school and followed by the system providing a transaction approving the genuineness of these degrees through bitcoin.

For a small fee, platforms provide university qualifications, from bachelor's to doctorate degrees. "We have seen this trend return over the past three years, even though sites from the early 2000s which sold fake diplomas had been gradually disappearing," acknowledges the founder of VerifDiploma, which verifies the authenticity of job candidates’ diplomas on behalf of Human resources services. Each year, his company checks 50,000 applications. Of these, 8% contain false diplomas.

Government’s plan to draft in a policy to target qualification fraud is expected to reap positive results for South Africa, including ensuring that South African tertiary institutions are not robbed of the reverence many of them have earned for decades. One of the main benefits would be that CV verification will become standardised, ensuring accuracy and no room for deviation, in both the public and private sectors.