What is BCDT

EvidenZ and BCDT: Revolutionising Digital Credentialing in Higher Education

Introduction

The emergence of blockchain technology has brought various innovations to numerous industries, one of which is the education sector. EvidenZ, a groundbreaking blockchain-based digital credentialing framework, aims to transform the way educational institutions award degrees and credentials. Supporting this framework is the BCDT token, an ERC-20 token designed to ensure secure and decentralized issuance of digital certificates. Through a robust and innovative approach, EvidenZ seeks to address the challenges faced by traditional credentialing systems and empower institutions and learners alike.

What is EvidenZ and BCDT?

EvidenZ operates as a patented framework that enables the safe and efficient issuance of digital certificates while adhering to GDPR regulations. It allows educational institutions to leverage blockchain technology to verify and manage credentials securely. At the heart of this ecosystem is the BCDT token. This token serves as the currency required for the issuance of digital certificates on the Ethereum blockchain.

One of the unique features of the BCDT token is its built-in sustainability mechanism. With each certificate issued, a portion of the BCDT tokens utilized is burned, contributing to a decrease in the total supply over time. This deflationary model not only enhances the value of the token but also promotes the long-term sustainability and autonomy of the EvidenZ ecosystem.

Creator of EvidenZ and BCDT

The innovative framework of EvidenZ and the BCDT token were brought to life by Luc Jarry Lacombe and Vincent Langard. As the founders of the startup BCdiploma, they have played a pivotal role in creating solutions that facilitate the trusted issuance of academic credentials in the digital age. Their vision for EvidenZ underscores the importance of secure data management and the need for a transparent system that benefits both educational institutions and their students.

Investors of EvidenZ and BCDT

EvidenZ's journey gained significant traction during its Initial Coin Offering (ICO) in January 2018, which attracted an impressive 552 contributors across 100 countries. While the project has seen substantial community support, specific details regarding institutional investors or organizations backing EvidenZ have not been disclosed. This grassroots investment highlights the enthusiasm and demand for innovative solutions addressing credential verification in the education sector.

How Does EvidenZ and BCDT Work?

EvidenZ stands out due to its utilisation of smart contracts from advanced blockchain technologies, ensuring the secure certification of a wide array of credentials. Educational institutions can issue diplomas, certificates, and other credentials with a guarantee of authenticity and data integrity. The process hinges upon the BCDT token, which is essential for executing the smart contracts tied to each credential issuance.

The innovative mechanism of burning BCDT tokens with each certification not only helps manage token supply but also incentivises participating institutions to be more judicious with their issuance, contributing to the established ecosystem's efficiency and sustainability. This strategic approach makes EvidenZ a unique player in the digital credentialing landscape.

Timeline of EvidenZ and BCDT

The timeline detailing the significant milestones of EvidenZ and BCDT underscores the project's evolution:

• January 2018: The project successfully concluded its ICO, attracting 552 contributors globally.
• 2018: Deployment of the EvidenZ framework across four continents, marking its international reach.
• 2018: The framework received recognition by being referenced in the Azure marketplace.
• Post-2018: EvidenZ experienced continual growth, with over a hundred institutional users worldwide, establishing BCdiploma as a leader in the realm of digital certifications within higher education.

Key Features of EvidenZ and BCDT

EvidenZ and the BCDT token boast several remarkable features that contribute to their overall effectiveness and desirability:

• Patented Framework: The unique structure of EvidenZ, protected by patents, guarantees a reliable digital credentialing system.
• Blockchain Technology: Utilising the latest advancements in blockchain ensures security and transparency across all certification processes.
• BCDT Token: Serving as the lifeblood of the ecosystem, BCDT is crucial for facilitating certificate issuance while promoting a sustainable economic model.
• Secure and Decentralized: The design of EvidenZ allows for decentralised management of digital certificates, reducing potential fraud.
• GDPR Compliance: The framework is developed with respect for data privacy laws, ensuring compliance with established regulations.
• Scalability: EvidenZ is built to adapt to the educational sector's evolving needs, aligning with the scalability roadmap of the Ethereum platform.

Conclusion

EvidenZ and the BCDT token represent a transformative leap forward in the field of digital credentialing for higher education. By harnessing blockchain technology, the project not only enhances the security and efficiency of credential issuance but also addresses the significant challenges posed by traditional methods. With its patented framework, robust tokenomics, and growing community of users, EvidenZ is well-positioned to shape the future of digital certifications, proving to be a vital player on the global stage. The potential for widespread adoption suggests a promising path for educational institutions looking to modernise their credentialing processes while providing a secure and trustworthy experience for learners.