Zebi Data, founded by CEO Babu Munagala, is designed to resolve one of the biggest challenges faced by recruiters and educational institutes while ascertaining the legitimacy of qualification certificates.
The incidences of tailored school and college certificates is on the rise. Recruiters and companies have to go a long way in verifying the same and as a result, they have been reaching out towards verification companies which in turn are not well equipped to identify these fake certificates.
Zebi Data is a start-up specializing in building blockchain technologies. It has worked in sectors such as revenue and hospitality and is now expanding to build an extensive blockchain platform for the education sector.
“The educational institution that wants to join the platform will act as a node with full control on the data they own. They will receive requests from stakeholders to verify a particular certificate issued by them. They will vet the request and give an answer, checking their database,” as told by a Zebi spokesperson.
During the maiden International Blockchain Congress, Zebi Data entered into a MoU with its first clients: International Institute of Information Technology – Basar (IIIT-B). ‘EduChain’ is helping the institute deploy this platform to verify requests from external agencies that wish to ascertain the authenticity of completion certificates issued by IIIT-B.
According to an IBEF report, the education sector is projected to be a $36 billion dollar industry by the year 2025. “Given the importance, hackers and malicious insiders have large incentive to tamper or manipulate digital data. The only foolproof solution lies in a properly decentralized blockchain solution,” added Munagala.
“The issue of fake certificates has become a big issue. It is quite tough for recruiters, higher educational institutions and other stakeholders to check the authenticity of a particular certificate. Blockchain can address this problem once and for all.” Zebi anticipates the millions of young Indians expected to join the labor force and a system that is tamper-proof while verifying educational records needs to be in place.
Zebi is also planning to add the technology of digital certification which will make the processes of authentication much easier. Overall, the blockchain technology, for now, will greatly bring down costs and also work as a data exchange framework for safe sharing of education records.
Zebi currently has 40 employees and is planning to add 60 more in the coming calendar year. It is anchored in Hyderabad and Visakhapatnam. Apart from education, it is faring well in the hospitality sector as well, with 600 customers (hotels) in Andhra Pradesh.