Blockchain is proving beneficial to the education industry. Look how.

 


Applying blockchain in the education sector can streamline the whole process of education. The blockchain-based ecosystem can allow for proper designing of scholarship systems, mark sheet issuance etc. Through this technology, you can maintain stability and achieve academic excellence. Embracement of blockchain in the education sector can help in improving the efficiency of the education ecosystem. This technology permits students to control academic identity, get ownership of personal records like educational certificates and so on. Not only students, teachers and educational institutes can receive benefits by implementing blockchain technology.

 

Why blockchain technology in the education sector?

 

Blockchain is used in several industries from finance to healthcare and education is also not away from it due to its secure and decentralized nature. Blockchain technology was not so widespread a few years ago but now we hear a lot about this technology. The advantages of using blockchain in the education sector can improve data security because it has the potential to secure data even if one or more nodes get corrupted. Securing documents with QR codes powered by blockchain is also easy.

 

What are the potential advantages of using blockchain in education?

 

Some vital areas in the education sector where blockchain technology can have an immense impact are:

 

a) Enhancing the life learning process

 

Blockchain technology can stop the paper-based system for educational certificates. Educational institutes can issue any type of certificate like records of achievement, and mark sheets securely and permanently. This possible automation issuance along with the permanent storage of recognition, awards, credit transfer etc. becomes easy. Both storing and verifying the complete records of your achievements is no less than your lifelong learning and it is only possible through blockchain.

 

b) Smart contracts

 

Digital smart contracts can accelerate the transaction between the parties. Blockchain - the distributed and decentralized ledger model is an ideal platform to pool all vital educational resources for educational purposes. Smart contracts are available for students, teachers and college or university officials. Both pupils and teachers can sign the digital agreement sketching out all the limitations of the assignments along with grading deadlines and due dates for projects. Even with the help of smart contracts, pupils can pay student loans.

 

c) Offers security & validity

 

The potentiality of blockchain guarantees the privacy, security and identity of pupils' data. Blockchain technology provides both securities as well as validity by guaranteeing immutability via a "hash" chain. Pupils can not change or alter their past educational certificates and mark sheets which are stored in the blockchain and could have been done easily with paper records. The privacy of data is ensured by the "hash" function. The data remains encrypted in a blockchain network that can not be tampered with.

 

d) In research or publishing

 

The researchers can easily publish with no restrictions but also permit them to have a track of their research materials. It may result in earning accolades as well as funding.

 

So, the bottom line is - Blockchain is creating a great revolution not only in the financial sector but also in the educational industry. Blockchain has all the capacity to transform the education sector by streamlining every process like hiring procedures, record storing and sharing of educational certificates etc.

Location: Singapore

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