Here’s a perfect and practical use of the Blockchain technology. Sony Education Group has just finished developing a system for storing and managing educational records using the open ledger concept. Think degrees, diplomas, standardized test records…something they call a “digital transcript.”

Sony developed the idea about 18 months ago and believes it is ready for commercialization. It’s original premise was actually to fight fraud while enabling a simpler model for 3rd parties wishing to access information for job interviews, etc. Sony is actively pursuing partnerships with universities, high schools, preparatory schools to aggregate the information and present it in a highly efficient manner.

Sony believes it can expand the system to move into areas like digital asset management, IOT logistics, real estate and content.

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