Blockchain is generally associated with cryptocurrencies. The data you enter on a blockchain- you can store it in blocks, link the information collectively in chronological order, trace the origins of data and verify its authenticity proportionately. In addition, the decentralized nature of blockchain development services leads to the technology that embraces several industries in the financial sector.
According to IDC- International Data Corporation, extensive expenditure on blockchain technology across all industries will be predetermined to grow from $4 billion to $14 billion by 2023.
The only industry where Blockchain is just at its initial stage to make a mark in education. Because the utilisation of Blockchain in education is still in its inception, only a handful of educational institutions are adopting blockchain technology. A survey of the research firm in 2019 reveals that merely 2% of higher education institutions were using Blockchain; on the other hand, 18 % were planning to do so in the coming years.
Few institutions have adopted Blockchain and use it for storing & sharing academic records or credentials. It’s also the belief of the researchers that Blockchain technology will revolutionise education in numerous ways-
- Enhance opportunities for enduring learning
- Create greater efficiencies for educationists through intelligent contracts
- Offer students possessorship of their academic records
As Blockchain technology is continuously evolving, a blockchain development company is likely to play the most significant role in the field of education. It helps individuals understand various ways and apply them in education and industries.
In this article, you’ll look at the different applications of Blockchain in the educational sector-
Utilisation of Blockchain in the Education Sector
Helpful in the verification of the records and accreditation of the student
Blockchain is the most applicable technology that transforms the record-keeping of certificates and student documentation in learning institutions. So, you do not need any intermediary to verify degrees, diplomas, certificates, and other academic papers with blockchain technology.
This technology also assists educational institutions in accreditation. Several countries find it resounding to certify and accredit well-prominent learning institutions. With the assistance of blockchain technology, it becomes much easier to examine the qualification and quality of education that almost every educational institution offers.
The most widespread use of Blockchain in the educational field is record keeping. The number of student records is boundless, and verifying collegiate endorsements is time-consuming because it’s not a cup of tea to check lots of paper documentation case-by-case. As per the analysis of 2019, more than 738,000 specific credentials documenting learning were admitted, including degrees, certificates, apprenticeships, and badges.
A Blockchain development company eliminates much of the skyward concern with this procedure and consolidates verification processes. It saves the time of educators and administrators when it comes to things such as transfers between schools or states. With the use of Blockchain, an institution can easily accept the transfer of a student. This way, an institution verifies the record and the students’ courses with several simple clicks. This concept is also applied when sharing documents with an employer.
A digital transcript contains full-fledged information about- attendance, courses are taken, and the results of the particular exams or papers. Accessing the student’s transcript makes it easy for you to get familiar with the performance of other schools or potential employers on specific assessments. This way, Blockchain technology is valuable not only for higher education but also helpful for primary and secondary education.
Blockchain and the concept of a permanent digital transcript hold the most outstanding value for persistent learners. With long-lasting learning, education becomes more inconclusive, and individuals continuously learn new credentials and polish old ones. There are two ways of lifelong learning- earning a degree or acquiring a certificate or a digital badge. The need for blockchain-based technology is increasing because technological dynamism marks lifelong learning vital in the world.
Blockchain claims that educators record the information and store it in sequential form. Additionally, blockchain technology is a double-edged sword, as it enables you to eliminate the probability of modification of a student’s record for legal reasons.
Reduces the chances of misrepresentation in the education system
There are numerous documented cases where job applicants mostly use fake academic papers. They lie about their educational credentials while applying for a job. Sometimes, the employer or interviewer lacks a mark sheet verifying applicants’ skills. This way, they hire inexperienced or untalented staff for a job.
Fraud and hackers affect education, one of the most influential industries. Because hackers delete and manipulate information from education systems. They do it, especially for awarding duplicate certificates and for politicians. But, blockchain technology enables you to avoid every fraud in education. Furthermore, Blockchain ensures a homogeneous and transpicuous ledger for every academic qualification.
It ensures you disseminate online learning
Presently, educational institutions offer online courses to both regional and international students. Students prefer these online courses, as they can pursue them in a learning institution. But students have a challenge, namely- inconsistency in choosing an online system from various educational institutions.
A wide range of learning institutions is unique from others because of their specifications and outlines. Most of those institutions perceive what their students ought to learn. It’s because there is no real-time data exchange. Such institutions offer pre-recorded tutorials every student must go through in the learning process. Students can easily engage with their tutors or even ask them questions. Moreover, it results in students paying for help from online tutors and paper writing services.
Educational institutions utilise blockchain technology to assist students and instructors in sharing information in real time. This way, blockchain technology decentralises e-learning, and no institution will mandate the kind of courses to publish and the amount to indict on almost all online courses.
Blockchain technology protects from copyright & violation of digital rights
In the world of academics learning institutions are struggling to encounter a significant problem, namely- plagiarism. Students generally copy digital content, but it costs them a lot in a term paper and for a research proposal. In such cases, an educational institution has the right to withdraw the certificates from such guilty students.
With the help of blockchain technology, content creators abbreviate the circulation of copyright educational materials on the internet. This technology also ensures every individual store’s academic information is in the safest and most secure chain with the latest encryption. It ensures that this information will remain accessible to permit network users merely. Moreover, this technology helps the owners of learning materials track and verify access plus licences them to use their digital content.
It creates better learning platforms
In the growth of better e-learning platforms, blockchain technology is very beneficial for educational institutions. This way, learning institutions can develop the most convenient education systems and projects to connect students and teachers.
With this education concept, even schools can easily enhance access and sharing of study materials. In addition, this technology enables the students to purchase internal tokens for asking the feedback from online tutors and to download learning materials, and access other relevant educational services.
Students who watch educational tutorials on various educational platforms earn tokens for inviting new users. Content creators can earn more tokens while interacting with the users regarding their content. This way, with the active intercommunication between students, developers, and instructors, learning becomes too convenient for everyone.
You can utilise blockchain technology for university curricula
In education, the impact of Blockchain has gone beyond record keeping as this technology can potentially transform the management of university modules. It also offers the most secured storage capabilities for digital syllabi and coursework. So, learning institutions can blind trust in this technology because the Blockchain makes educators’ jobs easier via smart contracts.
Every smart contract consists of lines of code programmed into a blockchain. It enables teachers to execute and program lessons or courses automatically into a blockchain when certain conditions are met. Besides, the teachers can also set up tasks for students.
The smart contracts of the Blockchain automatically examine the accomplishment of every task and provide the students with the following job until all charges are complete. Teachers can also utilise this smart contract technology to help with grading. Even more, educators can program all the exams that include- questions, answers, and scoring parameters. This way, the students can take the exam using computers or tablets; they need not appear in the physical examination.
Blockchain technology also takes care of grading, providing the teachers with more time for other academic undertakings, making the students’ scores an integral part of their permanent academic record, and storing it securely on the Blockchain. It improves the quality of e-learning and enhances the accreditation process.
Blockchain technology makes online education more convenient, sometimes leading to nonaccredited or non certified institutions. It enables educational institutions to operate with the most reputed institutions and enact every risk to e-learners. You can also utilise this technology for institutions as a decentralized platform-
- To share information regarding online courses & programs
- To share ratings of online offerings for students
- To assist other students in searching for accredited programs that will help them further their education.
Lowers education costs
Blockchain potentially transforms the landscape of education. It opens up new & more reasonable pathways to learn and disrupts existing relationships between schools and students. As well as, all know that managing the students’ tuition payments is well-prominent as a labour-intensive process. This process includes multiple parties, namely-
- Scholarship foundations
- Private loan companies
- Federal & state institutions
- The massive bureaucracy of the financial departments of the university
But, with blockchain technology, it’s too easy to streamline the entire process, reducing or lowering the administrative overhead and tuition costs. This technology is also utilised for pay-as-you-go courses and other open learning scenarios. It relies on the formation of intelligent contracts and cryptocurrency as a payment mode. Furthermore, the primary reason behind the acceptance of cryptocurrency as tuition payment in several universities abroad is that it makes a college education more accessible and reasonable.
The Blockchain is every, as it is used in logistics, operations, security, blockchain game development and many more practical areas. This technology has the potential to fuel durable learning and to offer widespread access to open educational resources, including- teaching & learning materials. These materials exist in the public domain that allows you to utilise and redistribute free of cost, namely- books, podcasts, and videos. In addition, this technology allows all of these resources to be shared cheaply and securely in a public network.
Beneficial in the hours of any pandemic
Covid-19, the well-recognized pandemic, caused a lockdown and hit the education sector the most. In such difficult circumstances, almost all the institutes and universities looked beyond classrooms. They explored digital platforms so that they could deliver the courses and evaluate the students for learning objectives.
Instructors use the smart contracts on the Blockchain for creating examination papers, answer keys, and scoring patterns. Blockchain technology allows all the students to take the examination digitally, take courses from remote areas, and educators can quickly grade them on the Blockchain.
No other technology is better than Blockchain for automating various time-consuming, labour-intensive processes. Because it lowers the costs for institutions, which will, in turn, translate into savings for the students, these students may not need to spend years to pay off loans. It also enables schools and universities to reduce costs concerned with file storage space and to cut out intermediaries in various activities.
Blockchain is the fastest-booming technology that has brought transformative changes in the financial, education, and banking sectors. This technology is an emerging computer technology widely utilised in different systems of the education sector.
All of these systems groom every student for employment. That’s why this technology must tackle the issues concerned with bespoke learning and ensure honesty in academic qualifications. Additionally, every individual is interested in exploring the future of Blockchain in education because of its decentralized, de-trusted, and reliable features.
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