I understand that the project is not going to dwell only on university diplomas? You can also use this project with other important documents?
Our goal is to turn TrustED into the industry standard for certificate accreditation. A go to portal and a global decentralized database containing every single certificate or academic credential one ever receives.
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Perhaps for you it will be news, but you have competitors. Therefore, you need to work hard to succeed.
Every worthy idea can get more profit to creator. When people see the profit of othere they want to do the same and get profit too. That is why a lot of competition appear.
As for me, you do not need to be afraid of competitors, but to work so that your project brings you money. If you are afraid of competitors, you will never become a successful entrepreneur.