Under the National Blockchain Project, Prime Minister Narendra Modi has launched blockchain-based digital degrees at the 54th Convocation Ceremony of IIT Kanpur. Later Prime Minister also inaugurated the completed section of the Kanpur Metro Rail Project and the Bina-Panki Multiproduct Pipeline Project. These digital degrees can be verified globally and are unforgeable.
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The blockchain technology being used by IIT Kanpur to award digital degrees has been developed in-house. It is being touted as a revolutionary technology for the education sector. The technology is already being used in the financial sector. The technology has been developed by the institute under the National Blockchain Project.