4 Reasons to Use Blockchain Tech in the Education Sector

 


The education industry is one of the major sectors that contributes toward the development and growth of a nation. It has similar weightage as finance, healthcare or defense.

Despite that, the education sector has several areas for improvement especially when it comes to using more sophisticated technologies. Blockchain is one such progressive tech that has made a major influence in the cryptocurrency world and the education industry has definitely taken notice of it.

There are many pilot programs initiated by prominent educational institutions that use blockchain tech for different purposes such as educational certificate verification, etc. However, there are more ways to use blockchain in the education sector.

Keep reading till the end to learn the reasons why blockchain use can benefit the education industry.

  1. Improving efficiency and security

Blockchain is an immutable and decentralized technology that can ensure privacy, identity and security of students’ databases. Students records kept and maintained in blockchain-based databases can offer validity and security.

This also assures that no student can alter the previously stored data over the blockchain network. The privacy of data is maintained by not storing the documents simply on the server but encrypted by hash value function.

The data gets encrypted before it is even stored in the blockchain.

2. Ensures transparency and trust

Blockchain technology is a transparent technology where any modification or alteration goes through consensus mechanisms. If the majority of participants unauthorize the transaction then it fails to happen. It helps in developing a trustworthy and transparent system.

But that’s not all, blockchain’s expert traceability features also makes sure that the alteration made can be traced. This also helps in the verification process of educational documents.

Documents stored in blockchain can be printed with secure QR code. The electronic document secure QR code when scanned helps in easily authenticating the data present in it.

3. Automated execution of learning courses

Not just in terms of educational documentations, blockchain can also prove to be beneficial when it comes to the execution of learning courses, assignments, etc. over online learning systems.

It can bring automation through smart contracts programs and benefits the educators to streamline the process of online learning systems. The smart contracts can successfully execute lessons and courses automatically upon meeting the terms and requirements.

4.Creates new market for digital assets

Blockchain tech has been popularly used for carrying out digital payments and transactions. This can also be introduced in the education sector where students’ tuition fees, loans and other financial transactions can be executed seamlessly. Therefore, contributing towards developing the digital education system.

The labor-intensive and time-consuming payment process that typically involves the students, parents, educational institutions, financial institutions, governments and other parties can be eliminated and simplified.

Blockchain can introduce digital currencies which have a potential to play a crucial role in this area for the years to come in future. In fact, some of the education institutions in the US have already introduced cryptocurrencies as one of the payment methods.

Conclusion

Blockchain is still in its developing stage but it definitely has a lot of potential that can bring disruptive transformation in the education sector. From bringing certificates validation qr code to cryptocurrency payment of educational payment, it has a lot of scope for new opportunities and growth.

Location: Singapore

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