How unification of blockchain & education can be beneficial?

Blockchain has been making a lot of buzz in this disruptive digital era. Many people like this dawn of how blockchain is revolutionizing complete business operations and leading those industries to the pinnacle. Industry experts believe blockchain can play a significant role in every industry due to many reasons. The embracement of blockchain technology in the education sector has loads of benefits from issuing digital certificates to e-certificate blockchain verification. Read this post to know more about education and blockchain.

What are the current issues which the education sector is facing?

Blockchain has made outstanding strides in the financial industry. The education sector is one of the fields where this technology can get started. There are several reasons why blockchain can work wonders. Most academic institutions are now shifting to electronic certificates as those are the best alternatives to those paper certificates. Paper certificates are susceptible to errors and loss, whereas digital certificates are highly susceptible to tampering. Do you know that the education sector is highly afflicted by fake certificates, fake records, and so on? There is an industry of millions of dollars that is powered by fake certificates. You may know some diploma mills can provide fake/duplicate educational certificates. Blockchain technology can provide protection against forged educational credentials. Without any monitoring authority, automated verification can be done. Users can transfer their documents in a secure way. Users can impeccably secure educational documents with blockchain.

The areas where blockchain can shine bright:

To understand the significance of blockchain education, you need to understand this technology first. Let us give you the basic explanation – Blockchain is a distributed decentralized ledger that can store data chronologically but that data can not be changed or modified. It is supported all over the globe instead of taking the conventional approach to the networks getting supported by the servers. Due to these features of this technology, most educational institutions are embracing it. Have a look:

1. In University research

The two goals of higher education are – to expand knowledge & transfer the knowledge to our future generation via new research. So many professors committed to conducting publishing research works, exhibiting the study topics, etc. The reach of this valuable paper has a great impact on our academic capacity to gain funding for supporting future research. These research works are susceptible to piracy. It stopped by the usage of blockchain. The researchers and authors can easily publish their works with no restrictions and can allow them to simply track the reuse of their research etc. Users can secure educational documents with blockchain. With the help of blockchain technology in this sector, there can be much reduction in forgery and fake certificates.

1. Reward learning

Yes, you have heard it correctly. Educational institutes can start incentivizing pupils to pay off their debts right on time. The professors can also motivate students by offering rewards through cryptocurrencies when they finish a particular task or perform well. Though it is in an early stage, we hope more institutes will opt for it.

1. Enhanced visibility

Blockchain’s immutable ledger technology helps in producing chronological records of every real-time event. It is an excellent process to check the transcripts and exhibit a full report card, keeping pupils up-to-date on their constant progress. If a student finishes his/her assignment through blockchain, the loss of that assignment is not possible. Go on for e-certificate blockchain verification, to secure your digital certificates in a tamper-proof manner.

1. Smart contracts are true “Smart”

The smart contracts can be available to students, teachers along with university/college officials. What can they do? Both pupils and teachers can sign a digital agreement by sketching out the limitations of the assignment, grading deadline, due date, etc. With it, the issuance of certificates, and e-certificate blockchain verification, document storage can become easy.

1. Lowers the cost of education

With blockchain technology, lifelong learning is possible. This technology can help students to get universal access to several educational resources like podcasts, books, and so on, which can be free for distribution. Blockchain can permit sharing them securely and inexpensively. These are some affordable avenues of learning that can simplify and ease the connection between pupils and educational institutions. Management of tuition payments also is a time taking process that involves multiple stakeholders, scholarship foundations, federal and state organizations, etc. but blockchain technology can streamline this total procedure by reducing administrative expenses to a huge extent. Ultimately it can reduce tuition costs.

Though mentioned are a few arenas where blockchain can be beneficial.

Conclusion

Hopefully, you have enjoyed reading this post on how the unification of both blockchain and education can be fruitful. Due to the characteristics of blockchain technology major big industries are opting for it. Educational institutions are embracing blockchain as it is making storing data, issuing digital certificates, e-certificate blockchain verification, etc. very simple and easy.