IBM said Wednesday that Sony Corporation and Sony Global Education, a subsidiary of Sony that works to provide global educational services, have developed a new blockchain-based student education records platform.

With the solution, school administrators can consolidate and manage students’ educational data from several schools, as well as record and refer their learning history and digital academic transcripts with more certainty.

The new platform, developed using IBM Blockchain, uses blockchain technology running on the IBM Cloud to track students’ learning progress, as well as establish transparency and accountability of scholastic achievements between students and schools.

The new system can record student data, sharing it with the network of need-to-know parties including school administrators and prospective employers. Using IBM Blockchain, student educational data on the platform is verified.

The platform is built on IBM Blockchain, which is delivered via the IBM Cloud and powered by Hyperledger Fabric 1.0, a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation.

“Blockchain offers a new approach to how the lifetime history of data related to a person, place or thing is shared and managed. In effect, data tracked on a blockchain becomes a single source of truth,” said Yoshiki Minowa, Vice President, Partner – Cognitive Process Transformation, Global Business Services, IBM Japan.

Sony Global Education is working with various educational institutions with the intent to launch the blockchain-based service in 2018, said IBM. Beyond the education sector, blockchain can be used in a wide range of fields, including supply chain and logistics.