We have often talked about the huge potential of the blockchain network, and how companies and institutions throughout the world are actively researching blockchain technology. Now, it seems like the Massachusetts Institute of Technology, commonly known as MIT, which has issued diplomas to over 200,000 students since its creation, has just started issuing graduate diplomas via a special, blockchain-based app.

The Blockcerts Wallet App, which is the hero of the story, uses blockchain technology in order to grant students access to easily-verifiable, tamper-proof versions of their diplomas, which can be shared with potential employers throughout the world with ease. In a recent press statement, the CEO of Learning Machine, a company involved with the creation of the Blockcerts Wallet app mentioned that: “MIT has issued official records in a format that can exist even if the institution goes away, even if we go away as a vendor (…) People can own and use their official records, which is a fundamental shift.”

During the last couple of months, various universities have showcased a growing interest in blockchain and bitcoin technology. In fact, universities like Stanford have introduced bitcoin-specific courses, in order to prep people up for the future of finance.

According to recent reports, it seems like the MIT has just created something known as the Bitcoin Developer Fund, a program meant to support the constant work of top bitcoin core developers such as Gavin Andersen, Wladimir van der Laan and Cory Fields. These three developers joined a program known by the name of MIT Media Lab’s Digital Currency Initiative a year ago, which is why they’ll benefit from the developer’s fund.