Tuesday, July 16, 2019

Globsyn Business School Debuts Issuing Diplomas on Blockchain
Wednesday, July 25, 2018 - 10:46:20 PM - By News Bureau
Share With

 Top news
Rahul Dasgupta, Group Director, Globsyn Business School
KOLKATA: Globsyn Business School (GBS) announced that it is now using Blockchain technology to issue digital diplomas to the students of its post graduate management programs. According to a media release, the rollout of the diplomas on Blockchain on a system known as Verified-on-Chain built on the Ethereum Blockchain will allow the students and their prospective employers to access the diploma credentials from any geographical location, without any need to send or present physical certificates. GBS has partnered with Mumbai-based Blockchain strategy and applications company Zeonlab for developing its certification management service.

Rahul Dasgupta, Group Director – Globsyn said, “Our deep competencies in technology have helped Globsyn stay ahead of the curve in adopting technology to aid the various systems and processes of an education institution. Following this legacy, GBS is now set to disrupt yet another age-old system of providing paper diplomas to its graduating students.”

All students graduating from post graduate program of GBS will now be able to share the credentials of their diplomas with future employers and higher education institutions around the world without any hassles. They will be granted a private and encrypted digital key linked to their diploma. This digital key effectively reduces the time and hassle of having to go through traditional processes for documentation and verification of academic credentials. The move to Blockchain Technology also warrants the diploma to be tamper-proof and eliminates the possibility of production of a fake diploma.

“The adoption of Blockchain Technology is still in its infancy in the education industry, but we believe it can help make the Indian education system more dependable and trustworthy. We at Globsyn Business School are very excited about the adoption of Blockchain to issue our diplomas and are sure it will be a move that every other education institution adopts soon,”Mr. Dasgupta added.
Blockchain is a decentralised distributed digital ledger, which is collectively maintained by a network of computers. It can be visualized as a large ledger book shared among many people (members) who collectively keep the records. No data on the ledger can be modified by a single person without every other member of the ledger agreeing to the change. Moreover, the ledger book is not stored in one place but is distributed among all the members, ensuring that there is no single person who can tamper with the records, which is highly probable in a centralised database. This makes Blockchain hugely secure and is a technology which is being used extensively in the financial industry.
Globsyn has always paved the way towards adoption of technology in various systems and process of academic delivery to make it more productive and convenient for its different stakeholders. While GBS Direct enables the MBA aspirants have a hassle-free application process into GBS, eGlobsyn is a web 2.0-based LMS portal that operates as a virtual classroom, social network and digital locker for the students. Globsyn’s SkillsXchange is an invite-only AI-based platform for the corporates to access the database of all GBS students and alumni for hiring of fresh graduates and lateral candidates, giving employers access to a more authentic and relevant pool of candidates than a regular job portal.

Chinmaya Sharma, CEO of Zeonlab said, “Globsyn has joined the league of institutions like the MIT Media Lab who are managing their certificates on Blockchain. We at Zeonlab are thrilled to have played a role in reaching this milestone, by developing a state-of-the-art certification management service on the public Ethereum Blockchain. We see education as being one of the most deserving use-cases of Blockchain.”

Zeonlab will provide end-to-end management of the service including managing student queries, uploading and managing certification, aiding in placement process for employers to be able to verify student certificates.

About Globsyn Business School : Today Globsyn Business School (GBS) has uniquely positioned itself as India's only ‘Corporate B-School’, drawing from the strength and diversity of the fast evolving global corporate world. The new economy background of the school makes it one of the most forward thinking institutions in India today. With an edifice built on Innovation, Research and Technology, coupled with its philosophy of learning ‘Beyond Education’, Globsyn is well on its path to create a globally networked, corporate savvy, research-driven management education system which moves beyond traditional forms of management knowledge dissemination to a research based delivery framework to create ‘Industry Relevant Managers’ - an agile group of professionals equipped to operate in today's technology-driven business environment. As a result of that over the years, more than 350 organisations have absorbed our students, both during final placement and summer internship. Our students have earned rich accolades for their achievements and a large number of them are star performers within their organisations.

Globsyn Business School has received many accolades from the education fraternity from time to time and has been ranked among the Top 5 B-Schools in Eastern India along with IIM-Calcutta, XLRI-Jamshedpur, XIM-Bhubaneswar and IIT-Kharagpur (VGSM) as per Business India’s Best B-Schools Survey 2017.

Globsyn Business School's two-year full-time AICTE Approved Post Graduate Diploma in Management (PGDM) is accredited by NBA (National Board of Accreditation). Set up by the Ministry of HRD, NBA has introduced a new process, parameters and criteria for accreditation, which are in line with the best international practices and oriented to assess the outcomes of the programme. NBA is the highest accreditation rating in Management Education in the Country and Globsyn Business School has now joined the ranks of the select few B-Schools which have received this accreditation. The PGDM program offered by Globsyn Business School is accorded equivalence with Master of Business Administration (MBA) degree of an Indian University as per Association of Indian Universities (AIU).

About Zeonlab: Zeonlab is India’s leading Blockchain strategy and applications company for enterprise. We work across sectors with companies looking to stay at the forefront of technology. We work with some large as well as smaller clients both in India, US and SE Asia- however, the one thing all our clients share is a deep, unflinching faith in technology being the only long-term differentiator. We are funded by one of India's largest and most successful VCs- Info Edge.

Zeonlab Management : Chinmaya Sharma has worked with Bain & Co. for 4 years in the Private Equity, healthcare and technology practices. He is an Aerospace Engineer from IIT Kharagpur and MBA from IIM Bangalore and Booth School of Business, University of Chicago. Chinmaya is an eminent speaker on Blockchain and has conducted Blockchain lectures and workshops across multiple colleges and co-working spaces.
Rahul Dasgupta
Group Director
Globsyn Business School
Issuing Diplomas
Chinmaya Sharma