This article tracks how blockchain can be expected to change the machinations of the education sector in 2018
While the world has been admiring the game-changing applications of blockchain in areas like banking and finance, a new application for blockchain has emerged as a pioneering solution in the education sector. A report from European Commission's Joint Research Centre said that it can help in a multitude ways right from eliminating paper, recording intellectual property management to using cryptocurrencies as a simplified form of payment.
This article tracks how blockchain can be expected to change the machinations of the education sector in 2018:
Blockchain technology can be used to create a digital repository for all academic records.
Blockchain can help in bringing a digital transformation in the educational industry by eliminating the need for paper certificates. All the credentials can be made available on the decentralized platform and these records can be accessed from anywhere. Paper documents are fragile but digital database is forever and can be used anywhere anytime.
It can help in discontinuing biased behaviour in education sector
Hybrid blockchain technology can put an end to corruption in education sector while deciding the fate of any deserving child. We all have heard many times where a deserving candidate misses his or her right to education due to fraud or internal politics in the system.
This technology will help in creating a fair system by maintaining the irreversible educational records on a decentralized platform and hence taking the chance of human error or fraud out of the equation while providing education.
Avoiding frauds related to education qualifications
Institutions and student records are made available on blockchain network which cannot be altered. Students with public profile on blockchain based platforms like EduBlock can pursue any number of courses and everything will be displayed on their public blockchain-powered profile. Hence, it will reduce the number of frauds related to education qualifications.
Avoiding falsification of skills
Similarly, recruiters can browse through the credentials before approaching the candidates for job opportunities. The permanent record of employment will get stored on such platforms to offer real time insights. In current times, employers rely on the information received from the professional sites such as LinkedIn where details can be altered. Sony Global Education is already offering a blockchain-based platform to store assessment scores so that individuals can share the data with third parties such as employers, social media etc.
Tuition fee can be paid using cryptocurrency
Cryptocurrencies can be used as payment for tuition payment in educational institutions. Many universities have already started accepting cryptocurrencies as tuition payment.
Fight against cases like false validations of documents and certificates
Document verification and authorization process can also be made simpler. Blockchain will remove the need of any chief authority to authenticate certificates. It will help in putting an end to an era of fake certificates or qualifications. Intellectual assets can be managed easily as blockchain can track publications and citations or other such details.
Tamper-proof storage system
MIT is already using Bitcoin blockchain for documentation which is an open-source code. Just imagine how a strong tamper-proof storage system can do for education sector. If a blockchain technology can offer an innovative technique to ensure trustworthy certification, then the complications related to transparency, scale and fee for badges will not exist.
Massive Open Online Courses (MOOCs) are sincerely transforming the way education can be offered by working as a catalyst for the much needed change. This change is compelling universities to rethink the way they deliver education. However, hybrid blockchain can help further by solving the certification issue as each MOOC issues separate certificates. Its demand can be increased using hybrid blockchain for secure certification among the major MOOC providers.
In essence, there are many possible ways to use blockchain powered solutions in education sector to get the desired results of increased data security with reduced fraud and skills falsification.