Zebi Data, Indian start-up building blockchain technologies for various sectors such as revenue and hospitality. Zebi, which has about 40 employees in Visakhapatnam (Andhra Pradesh) and Hyderabad, is planning to add 60 more in the current calendar year.
Its blockchain solution for the hospitality sector has 600 customers (hotels) in Andhra Pradesh.
One of the biggest challenges recruiters and higher educational institutions face is ascertaining the authenticity of the school and college certificates of the candidates.
Education certificates are growing, recruiters and companies have been seeking the help of verification companies, which are found to be not too well-equipped to identify the fake certificates. Zebi Data has built an exclusive blockchain platform for the education sector.
The EduChain platform has already bagged the IIIT (International Institute of Information Technology – Basar) as a client for deploying the platform. The institute will use the technology to verify requests from outside agencies that seek to ascertain the authenticity of certificates issued by the institute.
Babu Munagala, Founder and Chief Executive Officer of Zebi Said:
The issue of fake certificates has become a big issue. It is quite tough for recruiters, higher educational institutions and other stakeholders to check the authenticity of a particular certificate. Blockchain can address this problem once and for all.
The firm entered into a memorandum of understanding with IIIT (Basar) last week at the first International Blockchain Congress in Andhra Pradesh, to implement the project.
The educational institution that wants to join the platform will act as a node with full control on the data they own. They will receive requests from stakeholders to verify a particular certificate issued by them. They will vet the request and give an answer, checking their database.
Babu Munagala said.
Zebi has already developed a blockchain-based solution for land records and the hospitality industry, which is being used by various hospitals in Andhra Pradesh.
According to Babu Munagala, it can be a revenue generator for educational institutions as they verify each certificate. Zebi gets transaction fee on the verification requests made by the stakeholders.
We have a plan to develop a solution to award digital certificates to students, which makes authentication much more easily,” he said.
In India, after the RBI ban on crypto transactions, Andhra Pradesh hosted first international blockchain conference it is a good sign India giving importance to Blockchain Technology.