Blockchain Tech’s Most Important Impact: The Education Sector

Blockchain is one of few technologies which has managed to grasp the attention of almost every industry. And why not, if a system can precisely store data with ease and protect it from counterfeiting? Taking advantage of this mode of recording data, it’s not difficult to see how blockchain technology can be combined with education. In fact, the applications are not new to the blockchain world, and have been discussed (and even implemented) extensively. I’ll round up a few of my picks in this post.

Storing Transcripts and Student records

Hard copy

When students request a hard copy transcript, a university usually delivers the same quite late as they can receive hundreds of such requests each day. Nonetheless, the making of these transcripts itself takes a few working days.

Digital copy

Normally, digital transcripts are processed within 24 to 48 hours upon request, yet, when transferring to another institution they may accept either a hard or a soft copy. Electronic transcripts are also accepted late by the receiving institute in some cases.

Blockchain solution

Student records and transcripts can be easily stored on a blockchain network and be accessed anytime and anywhere. These documents will also be guaranteed of being credible.

Use of blockchain degrees for authenticity

This has already been established at East Coast Polytechnic Institute University as they issued and stored degrees via the blockchain. In 2018, ECPI university became the first organization to do this in the United States of America. Similarly, in 2017 the Massachusetts Institute of Technology released blockchain-stored diplomas.

Such initiatives by universities display how blockchain education can bring revolutionary developments in educational organizations. Moreover, the implementation of blockchain services can make the education systems fully automated soon. Moreover, with the implementation of blockchain services, education systems can soon become fully automated.

Fraud Reduction

This is an extremely prevalent form of crime in the education sector and has become very common since the universities or companies lack a robust verification process or fail to correctly examine the documents or the candidate. Not only do students bypass the validation process but even teachers attempt at fetching a job through fake documentation.

The absence of a robust verification process within universities and even companies has caused this crime to become more recurrent, after which companies and schools face accusations for accepting or hiring unqualified incompetent candidates which bring discredit to the reputation of these organizations.

This all may seem difficult to vanquish although verification of such fake credentials actually can be done in a few clicks, thanks to blockchain. As mentioned earlier, the information stored on a blockchain can’t be changed and is permanently recorded. Hence, hackers and fraudsters will find it near to impossible trying to fabricate any document under an institute’s space.

Better Online learning customs via cryptocurrencies

This creates a barrier and inhibits real-time communication exchange between candidates and teachers. The drawback of such platforms is there’s no instructive form of learning as students only refer to recorded tutorials and queries get neglected.

How can blockchain technology be used to deliver real-time exchange of data? It is by no means difficult as blockchain can create smart contracts as well. These are programmed contracts that run after certain conditions in an agreement are met. This is one way in which crypto education can be introduced to people.

The conditions are decided prior and can be utilized to validate a student’s task or assignment in a course. A policy incorporating crypto in education can be executed that allows teachers to earn cryptocurrencies after assessing a task that’s verified by a smart contract and in return, the student receives rewards or credits.

Replacing centralized cloud storage with blockchain-based services

On the other hand, storing data through hard drives and hard copies of files poses a threat of being damaged, lost, or deleted, which would jeopardize students’ information.

A reasonable solution for record-keeping is switching to blockchain. In a blockchain-based cloud, data is split up into several parts, (which are encrypted) all interconnected with a hashing function. Hacking becomes near to impossible due to the 256-bit encryption for each part. This is also many times faster than your average cloud storage and can cut down your costs by even half!

Conclusion

A blockchain enthusiast and entrepreneur’s musings on the next big revolution since the Internet.