Amid a period of growth for the higher and further education sectors, with some institutions investing millions of pounds in new building projects and developments, officers want to highlight how organizations can be left vulnerable to the risk of money laundering, fraud, and cybercrime. Institutions also have a duty to ensure that workers in the supply chain are not being exploited as victims of human trafficking.

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.