Potentials of using Blockchain in Education system in 2022

by Alicia Adley Blockchain Council

blockchain technology has grown tremendously in terms of research and broad use in recent years, with no indications of slowing down.

Only a few years ago, few individuals had heard of the word. Most people have heard of blockchains these days, even if they simply know it as "the thing that makes bitcoin work." Cryptocurrencies are the most well-known use of blockchain technology, but they are far from the only one. Blockchains, as secure, decentralised ledgers, have the potential to be employed in a variety of fields, including healthcare and education.

 

Unfortunately, blockchain is not now well-known or well-understood in a systematic way. It is well recognised as the technology that supports cryptocurrencies such as bitcoin. Blockchain education is more crucial than ever before. More and more individuals are enrolling in blockchain course to learn more about this amazing technology. However, this is far from the sole use for blockchain – and many people are ignorant of how blockchain may help them, their organisation, or even society as a whole.

 

So, how does the future of blockchain technology seem to be shaping up? What changes will it bring?

 

Improve record-keeping

The most effective use of blockchain in higher education is to transform the "record-keeping" of degrees, certificates, and diplomas by making credentials digital and under the authority of the student, eliminating the need for a third party to validate them. Blockchain might also be used to verify the quality or qualification to teach, which is a hard task in many countries. Because of blockchain's ability to enhance record-keeping, it is also a natural match for addressing intellectual property (IP) management issues, such as assessing whether an idea or production is unique or registering IP assets, copyright, and patents.

 

Enhance the efficiency of existing business operations.

University diplomas based on blockchain are a huge step forward, but the ultimate use case may be the creation of a virtual transcript or record of all educational accomplishments across a person's whole career. A verified lifetime transcript would eliminate CV fraud, ease student transfers between colleges, reduce the cost of credential verification, and make it simpler to relocate across states and countries. This sort of project goes beyond record keeping to simplify operations, changing it into a "efficiency play."

 

Create a new digital asset market.

The payment procedure may include the student, parents, scholarship-granting organisations, financial institutions, governments, and educational institutions. In the future, cryptocurrencies, including bespoke coins, may be used to pay for college tuition. In 2014, King's College in New York City became the first institution in the United States to accept bitcoin as payment, removing credit card transaction fees previously levied on students.

 

Create an innovative business model.

Until far, higher education blockchain use cases have been focused on record-keeping and efficiency, despite the fact that the genuine disruptive potential often lies in the establishment of new income models. Woolf Institution claims to be the world's first transnational, blockchain-powered university. It will be formed by a group of academics from both Oxford and Cambridge, and it will use blockchain and smart contracts to link learners and educators, with the objective of establishing the Airbnb of degree courses.

 

Finishing up

As you can see, blockchain technology has a lot of promise, and it's just becoming bigger. Furthermore, the future of blockchain technology is bright, and considering that it is currently showing promise in almost every industry, the best is yet to come. If you've been wondering How to Learn Blockchain, now is the time to enrol in a blockchain certification school and get started.

 

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Created on Nov 15th 2021 05:41. Viewed 279 times.

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