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The Bavarian Minister of State for Digital Judith Gerlach says the ministry together with the Academy of the Chamber of Commerce and Industry will start issuing forgery-proof blockchain-based certificates.

According to a press release, the issue of blockchain-based certificates offers a huge advantage for both applicants and companies.

Gerlach claims the verified credentials mean less cost and effort to everyone involved.

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"At the same time we are hurdling obstacles to digital application processes and increasing the credibility of the submitted documents," Gerlach added.

President of the Academy of the Chamber of Commerce and Industry Dr. Eberhard Sasse says with the first blockchain application for certificates in cooperation with the Bavarian State Government, they are setting a breach for this new technology and for more efficiency.

In the meantime, the Ministry of Science, ICT and Future Planning of South Korea will invest 450 billion won (~$380 million) for six years with the goal of developing the blockchain technology.

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