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

Información del proyecto

Smart Certificate

Identificador del acuerdo de subvención: 837292

DOI

10.3030/837292

Proyecto cerrado

Fecha de la firma de la CE 18 Enero 2019

Fecha de inicio 1 Diciembre 2018

Fecha de finalización 31 Marzo 2019

Financiado con arreglo a

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coste total

€ 71 429,00

Aportación de la UE

€ 50 000,00

Coordinado por

CVTRUST
Belgium

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

Período documentado: 2018-12-01 hasta 2019-03-31

Resumen del contexto y de los objetivos generales del proyecto

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.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

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.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

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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