Bitcoin has been all the hype in the past few months. Much of that hype was down to the $20k mark that the cryptocurrency came close to touching in December of 2017. While constant talk of the cryptocurrency continues, the bubble has been burst, or at least, deflated. Bitcoin is now down to $7k just a few months on.
Amongst all this hype, it is the underlying technology behind Bitcoin that has most experts excited- Blockchain. Blockchain is a revolutionary invention, one that could be used to bring profound changes in various sectors.
While no sector has come anywhere close to fully adopting and utilizing the massive potential of blockchain technology, the education sector is perhaps one of the leading ones. Here are a few ways in which blockchain is revolutionizing the education sector:
A particular problem that has often plagued the traditional classroom model is that it often fails to account for what students learn outside the classroom. Knowledge or skills that students garner from outside sources are simply ignored.
Blockchain offers a solution to this gaping flaw- it offers a secure way of sharing and collecting all your personal indicators- not just grades, but also certificates, badges, letters of recommendations, and citations.
The repository that we talked of above, that collection of all personal academic indicators would also go a long way in solving the problem of fraud. Potential employees often tend to overstate their achievements; a transparent blockchain repository would be a huge boon for recruiters.
Partnerships between Institutions
As the world moves to more and more cloud-based services, institutions are also following that trend. Big universities and colleges have been on the lookout to create a collective group of likewise institutions for the purpose of pooling their resources and going about their jobs more effectively.
Blockchain’s peer-to-peer model is a perfect fit for these needs. And along with that, it ensures speed and transparency.
Digital Rights Protection
Blockchain in education can alleviate the problem of piracy of intellectual property of researchers and faculties of institutions. It can help to control the distribution of the said intellectual property to only those who are allowed access to it.
Safekeeping of Records
People, just by the virtue of being humans, often tend to misplace or even accidentally destroy important documents. Students lose their diplomas, or may forget to carry theirs when moving to a different country for higher education. Blockchain in education offers a solution to all these problems- keep all these records in the cloud, where they are easily accessible and their safety is guaranteed.