Blockchain has the potential to disrupt the education industry. New ways for this application are continually emerging. Education technology is a rapidly transforming sector, the new disruption in education is Blockchain.
There are many ways in which blockchain could revolutionize higher education. Here are few of the case studies jot down by Corum8 blockchain development team for your understanding:
- Improved record-keeping: The blockchain technology can transform the record-keeping of diplomas, certificates, and degrees, making the credentials digital. That means they will be under the learner’s control and there will not be the need of an intermediary person to verify them.
Accreditation of educational institutions is a complex process in many countries that blockchain can help in, by verifying the quality or qualification to teach.
This way blockchain can also solve the problem of intellectual property (IP) management problems. It can determine if an idea or invention is unique or to register IP assets like copyrights and patents.
2. Improvement in the efficiency of business processes: Blockchain-based university diplomas are a great advancement. In the future it will be possible to create a record of all educational achievements throughout a person’s entire lifetime.
This would reduce CV fraud, and make the process of student transfers simpler. This will ease credential verifications and make the migration between states less complex.
3. Blockchain will create a new market for digital assets: Processing student payments is a labor-intensive task, and it also may involve students, parents, financial institutions, educational institutions, and government agencies. In future cryptocurrencies might become a method of student payments.
4. Innovative educational platforms: The development of learning platforms is one of the best applications of blockchain technology. The ‘Education Ecosystem Platform’ is one of the first projects that utilize the blockchain to connect students, developers, academicians, and content producers. Schools and colleges can use this technology to create internal ecosystems to allow learners to get access to study materials and share their projects and ideas. The internal tokens can be used to request materials, download books, and ask for feedback.
The token could be earned while inviting new participants, making contributions, watching videos, and more. Content creators can receive rewards for their activities and whenever people interact with their content. This will improve interaction and benefit the education system.
- Accountability using smart contracts
- Students, teachers, and university administration will be able to engage in smart contracts using blockchain. They will be able to enter into a digital agreement for assignments, due dates, and grading deadlines. Smart contracts may also be deployed for the loan payments of students.
As we can see blockchain can improve our educational system and bring a digital revolution to it. It will make sharing and networking simpler, also maintaining security simultaneously it will fill gaps in copyright protections, credentialing, and efficient communication. Though great progress has been made in blockchain technology, there is still a lot more marvels to see.
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