The top applications of Blockchain Technology in the Education Sector to speed up the process
In recent years, the education sector has made significant progress, but there is still a long way to go. Fortunately, blockchain technology in education is used to speed up the process. The education sector is getting a much-needed facelift thanks to blockchain technology, AI, smartphones, and tablets, as well as bulky desktop computers and out-of-date textbooks being rapidly replaced as the preferred teaching method.
Organizations in the education sector stand to gain significantly from using blockchain technology in education as a data storage opportunity. 2 percent of higher educational institutions had already implemented blockchain technology, and 18% planned to do so within the next 24 months, according to Gartner’s 2019 CIO Survey.
HOW DOES BLOCKCHAIN TECHNOLOGY WORK?
Blockchain technology is technically a distributed database that is spread across many computers and has no central control. It has the potential to change governance, the economy, businesses, and how organizations work. Additionally, it is already present in numerous other services and products, including badges, credits, and qualifications, in addition to Bitcoin.
BENEFITS OF BLOCKCHAIN TECHNOLOGY IN THE EDUCATION SECTOR
Blockchain technology benefits the education sector by enhancing accountability through smart contracts, increasing transparency, and incentivizing learning. Blockchain technology’s gamification of education has been tremendously beneficial.
Blockchain technology can be used in either national or international educational institutions, groups of educational institutions, or individual educational institutions. Using blockchain technology could be a good option for anyone who wants to securely store badges, credits, and qualifications and make important educational data accessible to others.
We still need to maintain our reputation, trust in certification, and proof of learning, even though the education sector is becoming more democratized, decentralized, disintermediated, and diversified. We may also be pushed in this direction by the increased emphasis on employability and relevance, as we also require greater transparency. Just such a system could be provided by blockchain technology: a huge, secure, online, open database.
APPLICATION OF BLOCKCHAIN TECHNOLOGY IN EDUCATION
1.Record keeping
Blockchain technology in education makes it possible for institutes’ administrative departments to manage student records without having to deal with a lot of extra work. There is no need for intermediaries to verify academic papers, degrees, certificates, and other credentials because they are all stored on a distributed ledger.
2.Courses and Certificates
One of the most frequently requested student records in both the K-12 and higher education institutions is the certification of course content. By displaying students’ grades across a variety of subjects, transcripts also serve as a badge of achievement. To ensure accuracy, the records in the conventional education system must be manually stamped and signed multiple times. However, these labor-intensive and time-consuming procedures can no longer be used in education thanks to blockchain technology.
3.Accreditation
It is an additional use case. Blockchain technology in education can be used by concerned authorities to verify an educational establishment’s quality of instruction.
4.Hacking
Another potential danger in data management is hacking, which is used to prevent fraud. Education-related vulnerabilities can be exploited by hackers to further manipulate and delete user data. However, if the school uses blockchain technology to store all student data, no changes can be made without permission to use the online ledger.
5.Skill Badges
In education, digital skill badges can be easily accessed by storing them on blockchain technology. This service is being used by associations, educational institutions, vocational organizations, and schools to distribute digital micro-credentials.
6.Decentralized Online Education
Educational institutions typically have distinct requirements for their study programs, which frequently results in the inconsistent course material. Students and educators will have more opportunities for real-time data exchange and interactions when blockchain technology is added to the mix.
7.Check for Plagiarism
Using blockchain technology in education, digital content creators can prevent copyrighted materials from being distributed. Advanced encryption is used to store academic data on a safety chain and only authorized users have access to the network.
8.Better Online Platforms
Among blockchain technology enthusiasts who wish to transform the education sector, one of the most popular projects is the creation of online learning platforms. As can be seen, the application of blockchain technology in education facilitates, expedites, and engages all parties.
9.Newmarket for Digital Assets
Educational institutions must conduct numerous financial transactions with donors, parents, banks, and students. These incorporate charging expenses, handling installments, conceding grants, and so forth.
10.Apprenticeships
Today, apprenticeships are a big business because governments all over the world know it’s wrong to rely too much on academic institutions to provide post-school education. Because it could provide a centralized but neatly distributed national database for the authorization of both the process and the certification, the application of blockchain technology in education is a real possibility.