Abstract: There is disclosed a method of authenticating credential data signed on a blockchain-based validation and authentication platform, the method being based a computer readable medium storing machine-readable instructions which when executed by the processor cause the processor to generate an ECDSA (Elliptic Curve Digital Signature) algorithm-based digital signature using a private key from an issuer, and authenticate the signed credential data via the ECDSA algorithm directly using a corresponding public key. As another aspect, a system for validating/authenticating academic credentials and facilitating equivalency between different credentials is disclosed comprising a blockchain for storing signed credential data and for processing transactions, a database for storing non-transactional data, a cryptographic algorithm for signing the credential data and for subsequently verifying the generated digital signatures; and a military grade encryption algorithm for encrypting the data put on blockchain.

Abstract: There is disclosed a method of authenticating credential data signed on a blockchain-based validation and authentication platform, the method being based a computer readable medium storing machine-readable instructions which when executed by the processor cause the processor to generate an ECDSA (Elliptic Curve Digital Signature) algorithm-based digital signature using a private key from an issuer, and authenticate the signed credential data via the ECDSA algorithm directly using a corresponding public key. As another aspect, a system for validating/authenticating academic credentials and facilitating equivalency between different credentials is disclosed comprising a blockchain for storing signed credential data and for processing transactions, a database for storing non-transactional data, a cryptographic algorithm for signing the credential data and for subsequently verifying the generated digital signatures; and a military grade encryption algorithm for encrypting the data put on blockchain.