Blockchain has now become the powerful expression; the technology has disrupted many industries and has successfully changed the way people communicate and trade. The digital asset also had a meteoric rise in its value and has become one of the popular currencies among trade bodies across boundaries.
While the technology has taken the retail, banking, healthcare, and stock market by the storm, is the blockchain has a power to transform education system?
The technology plays a critical role in creating an excellent student experience; let’s see how blockchain can affect the education sector.
A blockchain is nothing but the linked records or blocks that grows perpetually. These blocks are backed by cryptographies, and there’s no centralized body governing this cryptography. The technology has endless applications, few being an information exchange, technology, revolutionized technology, economics and many more.
More realistically, blockchain is a digital, neutral and reliable medium between two bodies, without any external men.
Blockchain And Education:
While the technology has umpteen advantages, how it will help in managing the vast education system?
We all know that educational institutes are to educate children, not to manage the database? Right!
Educational institutes are not just a single classroom confined systems, rather they are a multi-institutional business that relies on the whims of shareholders. So, have a look the ways to know how blockchain can be implemented in educational institutes.
It Offers On-Demand Learning Platform:
Gone were the days when some high-end courses were available only to limited platforms or institutes. With blockchain, students can create an independent learning platform where they can connect with tutors digitally. The technology will create an inclusive and personalized education system where things like assignments and fee will be agreed initially for transparent execution. This would not only benefit the children but will also help institutions as there will be no external control authorities to negotiate terms.
Furthers, students will be able to explore the horizons and will be able to collaborate with external bodies. After all, with the growing globalised network, students cannot afford to enslave in the walls of classrooms. So, students get inspired and read more about it at https://trybe.one/
No More External Controlled Authorities:
With blockchain, students will not need any external authority to validate certificates. This further means that you don’t need a copy of the transcript from the college, you don’t have to prove anyone that you hold a degree, there will be no faker medical certificates.
Blockchain technology can also become a crucial part of the learning administration. Imagine being able to easily authentic micro learning through different platforms and then authenticating the payments and that too without any external person or middleman! That’s what the blockchain will serve; elimination of unreliable and expensive intermediaries and having a straightforward transaction.
Now, you don’t have to keep cash to pay tuition fee; the cryptocurrency would work! Many universities are accepting the digital currency as a payment of a price, however, some are accepting only to enroll more students in the technology-related courses. Imagine not waiting for the financial aid to be approved and transferred; it can happen the minute you apply.
More Digital Educational Banks:
The original essence of education is to share knowledge without hampering its core values. Teachers, students, leaders and entrepreneurs use blockchain based knowledge banks to contribute their expertise to future generations. Since the risk of data loss and tampering is zero, it will be impossible for the users to have manipulation on the educational banks without asking the knowledge providers.
Institutes Will Save Money:
Since the students in the blockchain can easily access and control their data, the schools and colleges will save money from the cost of data management as well as other legal costs that might occur due to liability.
Verified Academic Credentials:
Verification of degrees and other academic credentials is quite cumbersome. It involves manual labor to verify the authenticity of credential, which is quite a time-consuming task. However, blockchain based national or global level of knowledge banks will ease down the process. The technology will provide the block for each country which further has sub-blocks to verify the degree certificates. Also, with blockchain there will not be any tampering between the data and the students will be able to save their time and money.
So those were some of the things that can revitalize the education system. Also, the blockchain technology will create a user-friendly program.