blockchain-in-education

Blockchain in Education: Blockchain Use Cases in the Education Sector

Blockchain technology is slowly changing the world, one sector at a time. Although cryptocurrencies are the most well-known use of blockchain technology, it is by no means the only one. Blockchain technology has been breaking barriers and bringing cross-industry solutions that go well beyond its initial financial and cryptocurrency focus, and now, in Education.

This research will tap into how blockchain is revolutionizing the Education sector.

Explaining Blockchain

Blockchain is a peer-to-peer distributed ledger that stores data and records transactions in its most basic form. Every member of the blockchain community has a copy of the data. The data is organized into blocks and protected with powerful cryptography, resulting in a data chain. Because the blockchain system architecture forbids changes to blocks, you can trace every action and event back to its source.

Moreover, a blockchain could record the parties’ agreements, credentials, transactions, and other digitally presented information. Because this information gets widely disseminated and very secure, the blockchain community can detect any effort at fraud. This process establishes confidence and transparency in any environment where the blockchain gets implemented.

The Most Significant Challenges Surrounding the Education Sector

The education sector is undergoing a paradigm shift. As a result, the following educational system weaknesses must get addressed:

  • Record-keeping practices: Academic records, certificates, and credentials get handled by educational institutions utilizing inefficient and paper-intensive procedures. Impersonation is a risk with these operations.
  • Tracking inefficient learner performance: Educational institutions use time-consuming, paperwork-intensive techniques to track students’ progress. Unfortunately, these protocols stifle the flow of information.
  • Manual Identity management processes: Educational institutions utilize manual identity management techniques to manage student identities. As a result, aside from making it difficult for students to keep track of their qualifications and certifications, forgery is quite a threat.
  • Ways for establishing accountability between teachers and students: A teacher puts in a lot of effort to ensure students finish their tasks according to set regulations. However, it may be difficult to commit this time to all students.
  • Transcript management: It is difficult for students to obtain academic records from educational institutions. Manual methods are to blame for this predicament.

Revolutionizing Education with Blockchain: Blockchain Use Cases

As established, the education industry continues to suffer the same problems that have plagued it for years. Fortunately, blockchain can positively improve education and alleviate these issues by delivering the concrete answers outlined as use cases below.

Record-keeping that is More Accurate and Transparent

Since an individual cannot change a stored file in the blockchain, a school’s registrar can create a student’s record once then never have to touch it again. After that, it is available to all educational system participants and can even get shared between institutions. Every work, assignment, school involvement, and extracurricular activity participation gets added to the student’s digital record as blocks, which you may view in the student’s profile. Teachers, counselors, and school officials can see their students’ progress from a wider view.

Besides student data, you can also use blockchain systems to monitor and facilitate school, college, and university accreditation, secure intellectual property rights, and eradicate diploma and transcript forgery. Moreover, educational records stored on the blockchain can be accessed and transmitted swiftly to other schools and organizations, including potential employers.

Tracking and Individualizing Learning Performance

Educators can leverage the openness of data when stored on the blockchain to better look after the performance of their students. With this openness of data, schools can completely tailor a learning environment for their students by utilizing smart contracts that utilize the data stored on the blockchain. This smart contract can automatically find where a student is struggling and notify their teachers to give the student extra help. Moreover, any information contained within a student’s blockchain file can be accessed by authorized parties across the entire school district.

This type of system might aggregate performance records on a district, state, and national level and enhance healthy competition among schools, colleges, and universities worldwide, with the ultimate goal of providing the greatest possible quality education.

Providing Incentives for Students and Instructors to Attain Better Outcomes

You can use cryptocurrency and tokenized credits to create efficient incentive systems to inspire students. This inspiration should urge professors to participate in the educational process by generating new learning materials and participating in research. You can create smart contracts to reward fulfilled activities with cryptocurrency.

Teachers will further motivate kids by awarding extra credit to top performers.

Finally, blockchain technology can take modern education to the next level by fully using gamification. You could use tokenized credits to pay off student loans, buy school supplies and other instructional resources, and cover additional educational costs.

Powering Student Accountability via Smart Contracts

Teachers can make students more accountable for completing their assignments by leveraging blockchain smart contracts. The smart contract spells out all assignment criteria, including the directions, conditions, due date, and deadlines. As the student completes assignments, the smart contract recognizes the completion of assignments and can automatically grant entry to the next section of the course, assign credit to the student, or grant the student a certificate of completion.

Ultimately, smart contracts can help provide highly personalized learning within a typical classroom setting and give the incentive factor that is sometimes lacking in traditional educational systems.

Introducing Lifetime Student Transcripts that can be Verified

Many people would agree that obtaining a transcript record is a lengthy process that involves numerous parties verifying credentials and compiling the entire academic record. Thankfully, blockchain has the potential to offer students an online digital transcript that they may access whenever they need it.

This verifiable student lifetime transcript might include all academic achievements and simplify credential verification, making student transfers between schools much easier.

Conclusion

Education is the root of all development. This truth is why this industry must be the most modern, and instructors must be on the lookout for new ideas all of the time.

In this context, blockchain gets projected to significantly impact education, providing benefits such as transparency, optimization, and the simplification of routine activities. It offers better record-keeping and greater motivation to learn and gain new abilities.

The education sector has a bright future ahead of it, and it will only be a matter of time before the world notices the great impact that blockchains may have on education.

Learn More From The Book Blockchain Business Models

blockchain-business-models

Read Next: EthereumBlockchain Business Models Framework Decentralized FinanceBlockchain EconomicsBitcoin.

Read Also: Proof-of-stakeProof-of-workBlockchainERC-20DAONFT.

Other Commercial Applications On Top Of The Blockchain

DeFi

decentralized-finance-defi
Decentralized finance (DeFi) refers to an ecosystem of financial products that do not rely on traditional financial intermediaries such as banks and exchanges. Central to the success of decentralized finance is smart contracts, which are deployed on Ethereum (contracts that two parties can deploy without an intermediary). DeFi also gave rise to dApps (decentralized apps), giving developers the ability to build applications on top of the Ethereum blockchain.

Tokenization

erc-20-token
An ERC-20 Token stands for “Ethereum Request for Comments,” which is a standard built on top of Ethereum to enable other tokens to be issued. Based on a smart contract that determines its rules, the ERC-20 enables anyone to issue tokens on top of Ethereum. As they are using a standard, those are interoperable. ERC-20 Tokens are critical to understanding the development of Ethereum as a business platform.

Decentralized Autonomous Organizations

decentralized-autonomous-organization
A decentralized autonomous organization (DAO) operates autonomously on blockchain protocol under rules governed by smart contracts. DAO is among the most important innovations that Blockchain has brought to the business world, which can create “super entities” or large entities that do not have a central authority but are instead managed in a decentralized manner.

NFTs

non-fungible-tokens
Non-fungible tokens (NFTs) are cryptographic tokens that represent something unique. Non-fungible assets are those that are not mutually interchangeable. Non-fungible tokens contain identifying information that makes them unique. Unlike Bitcoin – which has a supply of 21 million identical coins – they cannot be exchanged like for like.

Sharding

sharding
Blockchain companies use sharding to partition databases and increase scalability, allowing them to process more transactions per second. Sharding is a key mechanism underneath the Ethereum Blockchain and one of its critical components. Indeed, sharding enables Blockchain protocols to overcome the Scalability Trilemma (as a Blockchain grows, it stays scalable, secure, and decentralized).

Staking

proof-of-stake
A Proof of Stake (PoS) is a form of consensus algorithm used to achieve agreement across a distributed network. As such it is, together with Proof of Work, among the key consensus algorithms for Blockchain protocols (like Ethereum’s Casper protocol). Proof of Stake has the advantage of the security, reduced risk of centralization, and energy efficiency.

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