TrustED - The Academic Credential Verification on Blockchain

INTRODUCTION

Hello friends, Today I will talk about a very exciting ICO project. I will be discussing how TrustED a company built on the blockchain is the first-of-its-kind academic credential verification service, that brings honesty, legitimacy, and convenience to the education and human resources industry. TrustED leverages cutting edge blockchain technology to mitigate many of the problems faced in the process of academic credential verification and storage.

PROBLEMS TRUSTED SEEKS TO SOLVE

Conventional a
cademic credential verification systems are exhaustive, time-consuming, costly, and do not serve their purpose effectively. The incidents related to distortion of facts in credentials can be attributed to traditional manual and paper-based processes that are unfortunately prone to forgery and human error. Academic institutions incur significant administrative and storage costs when it comes to securing and maintaining records of their students. Additionally, employers spend a lot of time and money in the process of verifying academic records of potential candidates. Also students do not have an outlet to securely and immutably store their credentials in a digital state.

TrustED PLATFORM

TrustED is an academic credential verification service, that brings honesty, legitimacy, and convenience to the human resources industry. The TrustED infrastructure enables universities, and online educational and training Institutions to store, as well as authenticate grades, credentials, or certificates, leveraging the distributed ledger technology of blockchain. In addition, permissioned parties will have the ability to confidently verify academic credentials of an individual through the TrustED platform, bringing an end to existing lengthy, expensive and manual processes.

TrustED is poised to disrupt the academic credential verification processes, leveraging the functions of Ethereum smart contracts and Hyperledger, combined with advanced security measures and novel data storing techniques. TrustED will use the ERC20 compliant. TrustED token (TED) and a native Trust Credit (TCRD) token for its functioning, thereby, optimizing, securing and expediting the procedures involved in the credential verification process. Credential issuers can upload verified and error-free credentials on a secure, peer-to-peer (P2P) network for their respective credential holders to access, and/or permit the sharing of, to respective stakeholders. In this way, employers or verifying agencies can instantly access the verified credentials of prospective candidates. Moreover, credential holders can keep and share their academic records in a trusted and secure network.

Benefits Of Trusted Platform

The TrustED platform helps overcome the currently dysfunctional system by enabling academic institutions to store credentials and certifications on a distributed global ledger, rather than centralized databases.
Employers can validate credentials of prospective employees without requiring third parties, or a lengthy process.

TrustED will invite credential issuing authorities, like academicinstitutions, to participate on the platform and issue credentials for their graduates in digital form through the TrustED platform

Credential holders and graduates will be able to create an account on the TrustED platform and have access to their verified credentials at all times.

TrustED will employ the use of TrustED tokens (TED) an ERC20 compliant token to facilitate the purchase of Trust Credits (TCRD) which is a native token to TrustED, utilized for all payments and transactions within the system.

ITO Details

The TrustED ITO will offer the TrustED Token (TED) to participants, which will be an ERC20 token hosted on the Ethereum Mainnet. The ITO will commence with a private pre-ITO, followed by a public ITO that will take place in four stages

Token Name :TED

Token Type : ERC20

Total Token Supply : 1,720,000,000.00 TED

ITO Token Supply 1,204,000,000.00 TED

ITO Duration Q1 2019

Soft Cap :$11,000,000

Hard Cap :$21,070,000

Price for one token : $0.02

ITO min purchase US$10

Private Pre-Sale Oct 1, 2018 — Jan 20, 2019

ITO Jan 20, 2019 — Mar 20, 2019