The education industry is ripe for disruption. As the internet has become more and more prominent in our everyday lives, it’s clear that technology is going to play an important role in how we receive—and give—education.
What makes blockchain a suitable solution to these problems? Well, you’re not wrong to be skeptical of its capabilities; as hype goes, blockchain has had no shortage of attention over the past few years.
Today, people can access various online platforms to monitor cryptocurrency markets. You can check cryptocurrency prices and track how the value changes over a given period.
However, if you’re willing to take a dive into this new realm of technology and learn beyond the knowledge of Bitcoin and cryptocurrency value, you’ll find that blockchain can provide solutions for many issues plaguing the education sector today.
The Role of Blockchain in Education
The fundamental principles of blockchain technology can be applied in the education sector. The two main elements of the blockchain are decentralization and immutability. Decentralization is the way that computing power is distributed across a network, and resources may be shared or duplicated. Immutability means that once uploaded, data cannot be altered or deleted.
Educational institutions can use blockchain technology to prevent fraud in academic credentials, making it easier to prove the legitimacy of students and educators. Since blockchain is decentralized and transparent, it reduces the risk of fraud because records cannot be tampered with after they’re posted on the chain. This technology can even help students who have been defrauded by unscrupulous institutions.
It’s currently common practice for academic institutions to print their own degrees—an inefficient system that still relies on paper documents to verify a student’s place of study and level of achievement. With blockchain technology, universities will be able to store their records online. That means students no longer need to carry around cumbersome diplomas when looking for jobs or applying for college programs abroad. This efficiency will save time and money while helping more students pursue higher education opportunities in a more convenient manner.
Since much of this information isn’t private data (such as enrollment dates), there isn’t much reason why everyone involved in each step should have access to it—even though they do now because they have physical copies of degree certificates they hand out whenever necessary. At best, this results in increased use of paper; at worst, it opens up opportunities for fraud and identity theft.
Using blockchain technology means that only those directly involved with a particular transaction get access at any one time—reducing the chance for security breaches or data leaks related to student records.
Decentralized verification of academic credentials.
Academic credential verification is a hot topic these days, but what exactly does it mean? It’s the process of verifying that an academic credential is authentic and was earned by the person associated with it. The data can be stored in a variety of ways: in paper form or digitally on secure databases. However, blockchain technology offers a new way to securely store and verify educational records.
Blockchain is an electronic system of document storage and transfer. It is decentralized, meaning that documents don’t need to be stored somewhere central (like a hard drive) for them to be accessed; each user has their own copy of the blockchain—meaning, “blockchain” is actually plural.
The role this technology plays in education is two-fold: it can store records of student achievements and credentials, which could then be transferred between potential employers or educational institutions with ease, as well as being a new way to verify seniority level in academia.
Security of personal data of educational institutions and users
The recent boom in popularity of blockchain technology has introduced a new, innovative concept: the decentralized ledger. Because this technology doesn’t rely on a central authority to regulate access to and transfer of data, it provides a secure method for storing almost any kind of information. This is especially important in the field of education, where both schools and students suffer greatly from unreliable methods of transmitting social security numbers and other sensitive information.
As blockchain technology becomes more integrated into the educational sector at large, there are many benefits to be gained by both schools and students alike. While there are still substantial hurdles that need to be overcome before blockchain can take over as the default method for data transmission within universities, we’re at least on track for some long-awaited changes that will make educational experiences more secure than ever before.
Blockchain technology looks like it could help revamp the education sector, making it more efficient and secure. The benefit of standardizing data on a blockchain network is that it makes information easier to verify and less vulnerable to manipulation.
Because no individual controlling entity can control the system in its entirety, the result is greater transparency and security for all involved parties. As such, it may prove well-suited for use in education by both institutions and students themselves—although how exactly it will be used remains unclear.
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