Blockchain is a public ledger, distributed across multiple nodes that automatically records and verifies any transactions that are made on it. This technology powers cryptocurrencies such as bitcoin and Ethereum but it also has the ability to change a range of other industries, including education.
But how can it transform the traditional sector of education? Here are just a few ideas.
- Currently, degree certificates are easy to forge. One can log onto the internet, pay a fee and receive a fake credential in a matter of hours- something that causes a big headache for employers. Several universities around the world have already implemented a system of granting degrees over the blockchain, meaning that it is impossible for anyone to forge, alter, or add to without the correct authorisation.
- Sony Global Education has created an educational platform along with IBM that uses blockchain to store and share student records. Using this platform, comprehensive student records can be stored in one place and can be accessed easily by anyone who is given access to the network.
- In the near future, students will be able to create and store their CVs on the blockchain. Each qualification or work experience section can be authorised in an immutable way, meaning that the days of people lying on their CV’s will be over.
- Smart contracts can be used to manage students’ and teachers’ attendance, particularly when a minimum amount of attendance is necessary to pass a particular module. By ‘checking in’ on the network, smart contracts can then execute a number of steps that validate both assignment and attendance completion.
- DLT can help the way that libraries collect, store, and verify documents as well as digital rights for papers, documents, and books. Enhanced metadata archives can support community-based collections and facilitate better management, and recalling of information.
These are just 5 ways that blockchain has the power to totally disrupt the education sector. From verifying students credentials to improving the management of institutions libraries, blockchain has the ability to bring many old ways of doing things, into the 21st century.