After the eHáz condominium management software, winner of the Blockchain Solution of the Year 2021 award and Innovative Hungarian Brands, now the e-Diploma platform is next in line to move data authentication operations to the ILGON blockchain.
What is the electronic diploma?
e-Diploma is a digital platform for the online use of e-diplomas issued by Hungarian higher education institutions. Through the platform, diplomas can be shared and authenticated with just a few clicks, while the diploma holder can have complete control over the document data.
The platform authenticates diplomas with the help of the ILGON blockchain, also developed in Hungary, and ensures their GDPR compliant and tamper-proof use. Milton Friedman University students are the first to benefit from the benefits of the system, but several other Hungarian universities in Budapest and the countryside have already indicated their need for the platform, so it is expected that the system will soon be available in different parts of the country.
“The initial success confirms that as part of the digital revolution, blockchain technology has a place in the oldest institutions of our time. The authentication of digital documents is a use case that will be used in most areas of life in the coming years, ”added Attila Vidákovics.
What is ILGON?
The ILGON blockchain was created and launched in January 2021 in response to the scaling problems of the Ethereum network by the Hungarian startup Dlabs blockchain research and development. The ILGON blockchain allows anyone to create their own crypto tokens, execute smart contracts, and run Dapps.
Like Ethereum (here quotation of ETH in real time), ILGON is Turing complete, so it can model any business logic, and thanks to full compatibility with EVM, no application redesign is required to migrate from Ethereum. The network has a permeability of over 200 transactions per second, ensuring smooth and congestion-free operation.
Transaction costs represent approximately 1% of Ethereum costs, whose long-term predictability is ensured by the so-called PTC (Predictable Transaction Cost) system. The applications on the network are therefore guaranteed by the PTC system that low transaction costs remain even in the event of a change in the ILG price. The development team also replaced the Proof-of-Work consensus mechanism, which requires energy-intensive calculations known from previous systems, with an efficient and environmentally friendly PoA + dPoS hybrid consensus model.
