Blockchain based Certificate Issuing System of Counos

Blockchain based Certificate Issuing System of Counos

Counos platform offers a bankable cryptocurrency called Counos X. Although this cryptocurrency has many incredible features, Counos Platform is going to update Counos X's roadmap in six months.

Several worthwhile features will be added to the Blockchain network of this cryptocurrency.

One of these features is the certification system. Using this certificate system, we can utilize CCXX Blockchain for issuing various kinds of certificates like university degrees, customs documents, transportation documents, identification documents, and so on.

The Blockchain network of Counos X will provide a decentralized database or a distributed public ledger so that all kinds of certificates can be held in a private, independent, and safe network that is also tamper-proof. 

After a certificate is issued, it will be digitized and stored in the Blockchain of Counos X. The platform that keeps the certification is completely safe, secure, and completely transparent.

Since the Blockchain network of CCXX is thoroughly decentralized, independent, and transparent, duplicating or faking the documents is practically impossible.

 

Various Stages of Counos Certificate System

 

With the help of the Counos certificate issuance system, a particular proof will be created over the Blockchain network for products, events, etc.

This procedure has four steps that are mentioned below.

  1. A public Blockchain (here CCXX Blockchain network that has public availability)
  2. A Root certificate authority (Counos Platform)
  3. Proof of ownership by reading specific data from public Blockchain using owner's private key
  4. Sale or transfer of the proof of ownership to the new owner

Entire data regarding the certificate verification system will be stored and published over a public Blockchain network that uses common CCXX transactions. This action contains certain rules with specific UTXO roots.

For each identity, such as the main producer, event organizer, etc., there will be a new certificate issuance system. The identities, the name, and the number of certificates will be registered by some specific CCXX transaction. The root certification authority will issue this certificate issuance system. The next step of issuing a certification to the new owner is possible by this transaction.

We can use a particular wallet to verify the ownership based on Blockchain data and make the transference of this ownership to different individuals applicable.  To pay the transaction fee, CCXX balance can be beneficial. It will be supported by a more normal CCXX balance.

Some public data such as certificate subject and first issuer and date of the first issuance will be available on Counos explorer for certification validity. Counos explorer is a particular explorer that makes reading hidden data on public transactions possible.

However, to prove the ownership and provide the private key, the certificate owner must have a particular wallet. Then, some additional details, such as the previous owner, the date of issuing as the private key is accepted by the wallet can be seen in the system.

All businesses, education systems, and any other institutions and organizations that issue essential records can benefit from the Counos certificate issuance system. Public Blockchain also regulates the verification of such certifications.

As discussed before, by Counos X certificate issuance, all types of certifications and documents can be issued, stored, and transferred. The entire process is fully transparent and tamper-proof with the solution offered by the Counos X Blockchain network and Counos X transactions.