The trusted solution for issuing certified documents to the blockchain, checkable in just a click

Projektinformationen

Smart Certificate

ID Finanzhilfevereinbarung: 837292

DOI

10.3030/837292

Projekt abgeschlossen

EK-Unterschriftsdatum 18 Januar 2019

Startdatum 1 Dezember 2018

Enddatum 31 März 2019

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

CVTRUST
Belgium

Periodic Reporting for period 1 - Smart Certificate (The trusted solution for issuing certified documents to the blockchain, checkable in just a click)

Berichtszeitraum: 2018-12-01 bis 2019-03-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

Although ~25% of applicants lie about their experiences and expertise in their CVs when applying for a new job position, there is no secure and effective tool to detect fraud in the recruitment sector, putting pressure on both recruiters and applicants. Due to lack of trust in the recruitment sector, honestly earned degreed are devalued, making recruitment processes complicated, eventually damaging the reputation of education institutions and training organizations.
CVTrust has created Smart Certificate 2.0 a universal stamping machine that builds TRUST by digitally generating and sharing any kind of certified document, making its verification accessible online with just 1-click. The SaaS solution is based on a patented business method and includes secure and decentralized technologies guaranteeing the integrity, authenticity and validity of digital documents and so makes fraud impossible. Smart Certificate 2.0 revolutionizes the education and recruitment sectors by solving all the different needs related to credentials´ certification and validation in a unique, centralized, 100% trustable platform, available both in a website and in an app.
A feasibility study is needed to confirm that there is a real market opportunity whilst the conditions for the commercialisation are beneficial.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

Creation of a work plan of technical activities needed to complete the innovation, divided in three main areas: product design, app development and back-end optimization.
According to the market analysis, the global e-learning market is expected to reach $398.15 billion by 2026 from $176.12 billion in 2017. Corporate e-learning sectors are expected to grow at the fastest pace.
The freedom-to-operate demonstrates that CVTrust is not-infringing patents or pending patent applications of others. CVTrust has decided to protect its software in every target market through copyright.
The business plan demonstrates that the business idea is profitable and it has a positive impact: moving from a traditional business approach to a pure SaaS model will allow to create a universal label of trust for the education and recruitment sectors.

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

The evolution of Smart Certificate will allow CVTrust to generate €66.75M of revenues during the period 2021-2025, and a total net profit of €49.86M. Moreover, the project will have a remarkable impact on CVTrust´s performance by 1) making the solution accessible to any kind of institution, 2) expanding to new markets, and 3) creating job opportunities.

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