The startup seeking to eliminate degree forgery named Learning Machine is working in partnership with the Massachusetts Institute of Technology and raised $3 million, reported Coindesk on May 7.
The funding comes a few months after the MIT announced that it was partnering with Learning Machine with their initiative of putting diplomas on the blockchain. PTB Ventures, Omidyar Network, and Learn Capital managed the funding round of the initiative, that is based on the open-source Blockcerts standard.
Natalie Smolenski, the Learning Machine vice president of business development expressed that this tool will help to eliminate degree forgery and it can also be useful for linking academic certifications to different blockchains such as Bitcoin and Ethereum.
Learning Machine aims to give the possibility to users to be able to use either a private or a public blockchain. The company wants to allow users to use the blockchain they prefer, Smolenski mentioned.
“Right now in part I think because blockchain technology is still relatively new, there are a lot of high or strong emotions about which blockchain is better than another and blockchain has kind of engendered these fierce loyalties,” Smolenski said.
“We don’t want to pick winners with blockchain. We do generally recommend users pick blockchains with a proven record but ultimately you don’t want to prescribe to customers which blockchain they should use. If they have strong feelings about ethereum, they should use ethereum; if they have strong feelings on bitcoin, they should use bitcoin; if they have strong feelings on a private blockchain they should use a private blockchain.”