Compellio has revealed AlmaMint, a new digital service designed to issue unique, personalized, and verifiable tokens for educational credentials, course certificates, and digital diplomas. Utilizing blockchain technology, AlmaMint aims to streamline and enhance the credential issuance process for course providers, training organizations, and universities.
Compellio, the company behind AlmaMint, is known for its contributions to bridging web2 and web3 technologies, highlighting the transition between both. A founding member of the International Association for Trusted Blockchain Applications (INATBA) and a member of the Luxembourg House of Financial Technology (LHoFT), Compellio is active in various commercial, academic, governmental, and research projects worldwide.
“AlmaMint is a GDPR-compliant cloud-based solution that facilitates the issuance of tokenized credentials and trustworthy data exchanges for the verification of attested information and assets. We are delighted to work with innovative partners and contribute new digital credential capabilities across the ecosystems of education, training, and digital learning,” says Denis Avrilionis, founder and CEO of Compellio.
Web3 is the evolution of the internet, with a focus on decentralization and user empowerment by leveraging blockchain technology. Tokenization is a main component of web3, which aims to give users greater control over their data, identity, and transactions, enabling more transparent and secure interactions across various sectors.
UniLux tokenization
In a collaboration with the University of Luxembourg, AlmaMint will be used to issue tokenized credentials to students who complete the IT Bootcamp course within the Master of Entrepreneurship and Innovation program. “We are excited to issue a course token using AlmaMint. These blockchain-enabled attestations for our Master students aim to deliver enhanced levels of trustworthiness in the information shared with third parties. They also help to create new digital skills and experiences around the practical use of web3 technologies,’’ said Mickaël Geraudel, study director of the master entrepreneurship and innovation program at the University of Luxembourg.
“AlmaMint ensures data privacy and integrity, bridging the gap between traditional and blockchain-based systems.”
Denis Avrilionis, founder and CEO of Compellio.
User benefits
AlmaMint offers a host of benefits to issuers of tokenized credentials, starting with a user-friendly admin platform that allows issuers to easily onboard recipients and manage the full lifecycle of tokens. This intuitive interface enhances verification by enabling token URLs to be shared on professional platforms such as LinkedIn and included in CVs, boosting trust capabilities. Additionally, recipients do not need to hold cryptocurrencies, making the process even more accessible.
Further, AlmaMint ensures decentralized ownership as tokens are minted in recipients’ self-custody web3 wallets, providing maximum decentralization and user-centric ownership. The service also supports multi-chain options and flexible metadata configurations to enrich course token descriptions while preserving confidentiality.
Moreover, AlmaMint offers seamless integration with existing certificate management systems, online course platforms, and learning management systems, enhancing its utility and adoption.
Web3 is here to stay
The introduction of Compellio’s AlmaMint service is an example of how the advancements of tokenization and web3, offer benefits to educational institutions, students, and the public. By implementing blockchain technology, AlmaMint provides a hassle-free, secure, and decentralized method for issuing and verifying educational credentials. This approach not only simplifies the administrative process for institutions but also empowers recipients with easily shareable and verifiable credentials, enhancing their professional profiles and trustworthiness.
GDPR compliance
The collaboration with the University of Luxembourg exemplifies AlmaMint’s potential to revolutionize digital credentialing, promoting new digital skills and experiences for students. As a GDPR-compliant solution, AlmaMint ensures data privacy and integrity, bridging the gap between traditional and blockchain-based systems. Through these initiatives, Compellio continues to promote the adoption of blockchain technologies, attempting to further enhance benefits to the ecosystem.
