Revolutionizing Fraud Detection with Blockchain: AI Research Centre Celebrates a Groundbreaking Patent and Launches Ready-to-Use Solution

We are thrilled to announce that one of our esteemed team members at the AI Research Centre - Woxsen University has been awarded a groundbreaking patent titled:

"System and Method for Fraud Detection in Credit Transfer, Transcript Verification, and Employment Candidacy Identification".

But that’s not all - we’re even more excited to share that the product based on this patented technology has been fully developed by our team and is now ready for use!

What Makes This Patent—and Product—a Game-Changer?

In today’s digital world, manual verification of educational documents and employment histories is not only time-consuming but also prone to human error and exploitation. Fraudulent transcripts, misleading credentials, and unauthorized credit transfers have become more prevalent, affecting both educational institutions and employers alike.

Our patented system, now a fully operational product, transforms this process by offering a decentralized, transparent, and immutable platform for document verification through Ethereum Blockchain and smart contracts.

Here's how it works:

• Secure Registration of Documents: Universities and issuing authorities can register educational documents directly onto the Ethereum Blockchain, ensuring an unalterable record of authenticity.
• Unique Blockchain ID Codes: Each document is mapped to a Unique Blockchain ID Code, generated via advanced blockchain modeling techniques to ensure absolute distinctiveness and security.
• Seamless Verification Process: Employers and universities can instantly verify candidates' credentials by cross-referencing the Blockchain ID against a centralized smart contract system—eliminating the need for third-party verification services.
• Real-Time Alerts and Fraud Detection: The system notifies candidates, institutions, or employers immediately if any discrepancies or anomalies are detected, ensuring timely action against fraudulent attempts.

Why Blockchain?

While existing solutions like DigiLocker offer centralized document storage and verification, they rely heavily on OTP-based authentication, which still leaves room for security vulnerabilities. Our system eliminates central points of failure by utilizing the decentralized nature of blockchain technology, ensuring that once a document is recorded, it cannot be tampered with.

This approach not only enhances security but also speeds up the verification process, cutting down what traditionally takes days or weeks into mere minutes.

Impact on Education and Employment

• For Universities: The system ensures the integrity of credit transfer processes between institutions, in line with the New Education Policy 2020, making academic mobility seamless and secure.
• For Employers: Organizations can now verify applicant credentials in real time without the need for costly and time-consuming third-party background checks, significantly reducing the risk of hiring fraudulent candidates.
• For Students and Professionals: This innovation provides a trustworthy, efficient, and transparent method for candidates to present their academic and professional credentials, giving them a competitive edge in both academic and job markets.

Our Product is Ready—Try It Today!

At the AI Research Centre - Woxsen University , we don’t just innovate—we implement. The product based on this patented system has been fully developed and is ready.

If you’re a university, employer, or institution looking to streamline your credit transfer or candidate verification processes, we invite you to test our system.

Interested in trying it out? Contact us today to schedule a demo or to learn how this technology can be integrated into your workflows.

At the AI Research Centre, we believe in the power of technology to solve real-world problems. This patent and product are a testament to our ongoing commitment to advancing the frontiers of AI, blockchain, and data security.

We extend our heartfelt congratulations to the inventor behind this transformative solution and look forward to partnering with organizations to enhance academic integrity and employment verification across industries.

Stay connected with us for more updates on our latest innovations and research breakthroughs. Together, we're building a secure, transparent, and trustworthy future.

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