Blockchain is a powerful technology that has transformed the way companies conduct their businesses. It has revolutionized several industries like finance, healthcare, land documentation, supply chain, and so on. Now, it is entering the education sector.
The education sector is embracing this revolutionary tech trend because of the integrity and security it offers. This distributed ledger technology can positively impact the education sector regarding accountability and transparency. Ever since blockchain technology has entered the education industry, the demand for education app development services has augmented, and they have been a perfect match forever.
To better understand how blockchain can revolutionize the education sector, let’s first comprehend what blockchain is. Blockchain is a peer-to-peer distributed ledger technology that stores, shares, and secures digital data in a way that is impossible to breach, steal, delete, duplicate, or alter.
In short, it contributes to immutable and updatable data that is accessible to all within the network of computer systems in the blockchain. Therefore, blockchain allows for the secure collection of digital data, which can be organized and analyzed to gain more detailed information about a particular person. Its chain-of-blocks mechanism fixes the ever-increasing problem of forgery and duplication of data, ensuring maximum transparency and security.
The current education system doesn’t cater to every student’s needs equitably. Some struggle to get basic education while others have access to higher-level education. Students from pole to pole faced this problem during the pandemic when eLearning was the only way to access education.
So, to make sure such disparity may never occur in the future and everyone could have access to high-level education, we need to revolutionize our education system from the inside out. And when it comes to the transformation of the education sector, people believe blockchain is the way to go.
With its decentralized nature, transparent system, crypto rewards, digital badges, and smart contracts, blockchain technology can easily overcome the challenges faced by the education industry. Additionally, it makes top-notch education accessible to all.
Ever since the pandemic has hit the world, eLearning has been the new normal for students. This is where blockchain-powered apps step up to the trend with the potential to transform online learning spaces.
Blockchain can add value to the education sector in various ways. Let’s understand how blockchain can revolutionize the education sector through tokenized rewards, verified documents, course management, secure sharing of data, history of student performance, and much more:
Blockchain facilitates an immutable and transparent record-keeping system. It means once a student’s record is saved, it can’t be altered or deleted, as well as it will be accessible to all educational organizations and recruiters. However, any new achievements, assignments, and other academic credentials can be appended to the pre-created block, presenting the particular student.
Accordingly, students cannot forge or alter their past stored data, which helps put an end to diploma falsification also. Consequently, the need for an intermediary to attest the documents is eliminated. It further reduces the administrative burden on organizations. Simply said, blockchain has transformed the way students and teachers interact to manage immutable academic records.
Digital badges have gained immense popularity in today’s age. It is an advanced way to showcase students’ skills and achievements they earned during their academic years. When paired with Blockchain, digital badges can be a powerful medium; that students can use to demonstrate their achievements to employers or on social networking platforms.
By leveraging smart contracts, teachers can program curriculums and courses on a blockchain. Both educators and learners sign the smart contract defining the deadline and limitations of an assignment. Once the course meets the required prerequisites, it is automatically taught, and upon completing all course modules, smart contracts give crypto payments to teachers and academic credits to students.
Blockchain’s competency to publish, share, manage and protect digital content from copyright infringement makes it ideal for institutions providing higher education. The decentralized system of blockchain helps researchers, professors, faculty members, and other content creators publish, retain, and safeguard their digital content from outright piracy. In this way, the publishers not just get accreditation for their work but also get paid when someone uses their work.
It is extremely taxing and time-consuming to process students’ fees which involves several parties like banks, parents, students, government agencies granting the scholarship, lenders, and so on. However, it is expected that soon blockchain will streamline this procedure and cryptocurrencies will be used for making payments. This will result in reduced transaction fees and lower administrative expenditures.
The blockchain serves as a secure model for storing and sharing all the competency indicators of students. It includes not only academic records like undertaken courses, curriculum, assignments, and exam performance; but also badges, citations, certificates, letters of recommendation, and so on.
In short, blockchain facilitates a secure collection of all your life experiences learned from different sources. It can serve as an immutable yet updatable e-portfolio of your life achievements. Accordingly, blockchain assists in preventing fraud and providing a reliable means to verify that you are who you claim to be. Additionally, it serves as an e-portfolio for future employers to access the candidates.
Blockchain technology can have a transformative impact on the education industry. It has an immense untapped potential to revolutionize the education sector by building more accessible channels for students and academic institutions.
From giving students ownership of their academic records to streamlining document storage, reinforcing data security, safeguarding digital content from outright piracy, simplifying immutable data storage, and improving learning processes, the possibilities offered by blockchain are endless.
The upcoming generations in the education sector will immensely reap the rewards from the blockchain. So, if you wish to dive into the technological wave of e-education, make sure to leverage eLearning app development services powered by blockchain technology.