Life Clips, Inc. Subsidiary Belfrics will issue university certificates on its blockchain for the Indian state of Maharashtra
- Universities in Maharashtra state of India can now verify certificates in 10 seconds
- Belfrics onboards more than 45 universities for issuing certificates
- Currently, the academic credential verification and certification process used by universities is a manual process requiring human intervention.
AVENTURA, Fla., March 07, 2022 (GLOBE NEWSWIRE) — Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) announced today that its subsidiary Belfrics will issue all college-level certificates to students at the state of Maharashtra, India on the Belrium blockchain. Mumbai, the financial and commercial center of India, is the capital of the state of Maharashtra. This will make Maharashtra the first Indian state to use blockchain for education certificates, as well as one of the largest users of blockchain-based education certificates in the world. Belfrics’ partner will be the Maharashtra Information Technology Support Center (MITSC), a company it announced a partnership with last month.
MITSC President Yashwant Shitole said, “There are 22 million students in the state of Maharashtra. Initially, we plan to issue 500,000 certificates in 3 years to students who complete their English skills this year, and another 50,000 certificates to students who complete affordable advanced skill development courses such as cybersecurity, artificial intelligence, machine learning and blockchain. Each student will receive a digital file containing the original pdf of the certificate and its corresponding blockchain proof file. Our plans call for the integration of 23 state universities and 21 reputable degree and degree-granting universities. We are also in talks with other universities who want to opt for blockchain-based certificates for their students.
Praveen Kumar, Founder and CEO of Belfrics Group, said: “Countries like Singapore, Bahrain, Dubai and Malta have already embraced blockchain when it comes to issuing certificates. Our partnership with MITSC is off to a good start as we are also starting this process in India. Our goal is not only to increase the digitization of educational processes, but also to reduce certificate forgery, which is a serious concern for universities and other educational institutions. MITSC has decided to issue blockchain-based certificates to their associated universities as well as stand-alone universities and other institutes in Maharashtra.
Blockchain-based certification effectively reduces the verification process for universities to less than 10 seconds. Certificates can be verified by providing the certificate’s unique identifier such as transaction ID, unique review role number, or certificate’s cryptographic hash. This will facilitate the verification process for the recipient of the document, verifying the authenticity and integrity of the certificate. Currently, the academic credential verification and certification process used by universities is a manual process that requires human intervention.
Rob Grinberg, CEO of Life Clips, said: “We are only seeing the beginning of the real capabilities of Belfrics’ blockchain solutions. I believe we have a more advanced offering than many of our larger competitors, and a Belfrics team with the right connections to bring it to market successfully.
Maharashtra is the second most populous state in India and the second most populous country subdivision in the world. According to the most recent census data, Maharashtra has a population of 112,374,333. It is divided into six divisions and 36 districts, with the state capital being Mumbai, India’s most populous urban area. Spread over 118,809 square miles, Maharashtra is the third largest state in India. Maharashtra is one of the most developed Indian states contributing to the national economy with a 12% share in the country’s GDP. Maharashtra’s economy is India’s largest, with the state’s gross domestic product equivalent to US$350 billion.
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian blockchain and cryptocurrency exchange and platform provider that is authorized and regulated by the Labuan Financial Services Authority ( LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-function trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. The Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been awarded a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its speech-based, AI-powered mental health analytics platform that enables businesses to measure, understand and improve mental wellbeing of their employees, patients and customers. Aiki offers CBT and IPT therapies using a chatbot that includes the voice analysis solution that takes into account other health data from Apple and Google HealthKit to perform a more accurate analysis of his mental health . Aiki was developed to capitalize on the trend towards artificial intelligence platforms being used by individuals and businesses to raise awareness about employee mental health. Cognitive Apps is developed by a team of licensed psychotherapists who use voice biomarkers to screen for early signs of mental health issues, such as stress and depression. Aiki is available on the Apple App Store.
For more information on Life Clips, visit www.lifeclips.com
For more information on Belfrics Global, visit www.belfricsgroup.com
For more information on cognitive applications software solutions, visit https://cogapps.com
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