Globsyn Business School Becomes the First AICTE Approved B-School in India to Use Blockchain Technology to Digitise its Certification Process

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Kolkata, West Bengal, India(NewsVoir)
Globsyn Business School (GBS) becomes the first AICTE approved B-school in India to use Blockchain technology to digitise its certification process - a feat that has yet to be achieved by any other academic institutions in India, and among the very few to have taken this disruptive step globally. The rollout of the diplomas on Blockchain will allow the students and their prospective employers to access the diploma from any geographical location, without any need to send or present physical certificates. All students graduating from the post graduate programmes of GBS will now be able to share the credential of their diplomas with future employers and higher education institutions around the world without any hassle.

Rahul Dasgupta, Director, Globsyn Business School, said, “Having forayed into the quest for continuous innovation in education two decades ago, it is due to its propensity for technical breakthroughs that today, Globsyn Business School stands on a strong foundation of technological platforms across its systems and processes. Following this legacy, GBS is now set to disrupt yet another age-old system of providing paper diplomas to its graduating students.”

This has been made possible with the use of Certy, a platform that enables educational institutes to issue tamper-proof and instantly-verifiable certificates on the Blockchain, eliminating the need of background verification of students from the root. Certy is the brainchild of Somish, India's leading Blockchain startup based out of New Delhi.

"Globsyn Business School has made a bold statement by becoming India's first B-school to adopt Blockchain in their critical certification process. Students can now simply share their certificate IDs and Blockchain transaction hash with prospective employers for instant verification. This is truly ground-breaking. We are dedicated in supporting Globsyn with their Blockchain journey," said Ish Goel, CEO of Somish.

Blockchain is a decentralized 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 no single person can tamper with the records, which is highly probable in a centralized database. This makes Blockchain hugely secure and is a technology which is being used extensively in the financial industry.

“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 further added.

Globsyn has always paved the way towards promoting and advocating technology to facilitate various systems and processes of pedagogic delivery to make it more productive and convenient for its different stakeholders. While GBS Direct enables the MBA aspirants to experience a hassle-free application process into GBS, e-Globsyn is a web 2.0 application with cloud computing based components and an extremely robust Learning Management System that integrates knowledge management, social networking and active learning tools under a single login system.

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 programme 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).

Image: Rahul Dasgupta, Director, Globsyn Business School PWR