In a post to Reddit this week, the developers of a new digital currency have made QR codes a part of a digital signature that could be used to unlock high schoolers’ graduation certificates.
The concept is based on a similar concept introduced by the creators of Ethereum.
That project, which aims to democratise blockchain technology, lets users create their own public blockchain, which allows for users to share information about their own accounts.
“Imagine if you were a school principal and you were the only one to know your students’ identities, your students would never get their diploma and never get a diploma, and they would never receive a diploma at all,” co-founder and chief executive of New York-based company Nymo, Chris Coyier, told Business Insider in an interview.
Nymo’s solution, which it calls the QR code, would be a way for students to sign their diploma without the need for the school to provide the necessary documentation.
“The students will never have to get the documents,” Coyier explained.
The QR code would be digitally signed by the user, who would then be able to retrieve the digital signature via the digital identity app they choose, allowing them to unlock their students’ diploma from the cloud.
Coyier said that the digital signatures could also be used by teachers to help secure their students for future exams.
“There’s no reason why your kids would not be able and proud to have signed that [digital] diploma,” he said.
“I’m not sure that they would want to, but if they did, it would be good for them.”
Digital signatures are already used to authenticate transactions between bank accounts and credit cards.
The use of QR codes has a broader appeal.
Coyle said he wanted to bring the idea of a universal QR code to a broader audience, with the aim of using them to improve the quality of digital signatures for the digital payment system Bitcoin.
The technology has been used to help ensure that payments are verified online and for people to use it to pay for things such as flights, groceries and gas.
But the QR codes are not an exact match for Bitcoin, which is a digital payment network that uses a peer-to-peer network of computers to process transactions, Coyier said.
Bitcoin has been known to allow for fraudulent transactions and has been linked to many crimes, including child pornography and child exploitation.
The company is currently working with two banks to make it easier for users of Bitcoin to use a QR code for their graduation.
“It’s like being a lawyer who can look at a document and tell you that your client signed it,” Coyie said.
The two banks are using an open-source program called QR Code Wallet, which offers users the option to create QR codes on their smartphones to access a secure QR code wallet.
Nypo’s QR code solution uses a blockchain that is designed to be a digital ledger, allowing it to track and verify the digital payments and transactions.
This means that anyone can use the system to unlock a diploma.
The solution would be used in partnership with a university in California, Coyie explained, which has made it possible to use digital signatures with a school.
“The schools are going to be using it as part of their graduation ceremony,” he explained.
“We’re not going to charge a fee to the schools.
The schools will be able use it as they see fit.”
Coyie said the idea has already attracted interest from other companies, including a digital currency startup called Monero.
“We’ve had a lot of interest from businesses that are looking to do this with QR codes,” he told Business 360.
The university in the example of Monero would use the QR-code solution to unlock the students’ diplomas and would pay for it with a bitcoin transaction.
The students, he said, could then use the digital diploma as a way to claim a free college education.
“In many cases, the diplomas are the most valuable thing in the world,” Coye said.
“It’s a very unique thing that you can use to build your legacy and build your future.”