Blockchain is the biggest technological breakthrough of the 21st century. Even though its popularity is constantly rising, few people are able to fully understand its uses and potential benefits.
Blockchain technology is currently integrated into every important industry. From real estate to medicine and education, every sector is now looking for palpable ways to use the latest blockchain technologies to boost education cases, performance, and results.
What is blockchain in education? As a concept, blockchain is a distributed ledger technology that can be smartly used for various academic processes. The ledgers that have been created in a blockchain system cannot be changed or altered, as they have a permanent, rigid, and fixed nature.
There’s truly no surprise that the blockchain industry is taking over every field, and especially over the traditional education system.
In today’s post, we’re exploring 4 possible blockchain education cases. In other words, let’s see how this promising technology is able to change the face of education forever.
1. Academic Record Keeping and Credentialing
The blockchain technology will change the way we credit our work and the way our work will be credited. Nowadays, there’s a huge problem concerning the student’s data and records – there’s a predominant struggle to improve the record keeping and credentialing system, as a lot of stuff gets lost in a sea of disorganization.
The University of Texas is currently promoting a brilliant program that aims to create and deliver an improved educational experience for US students. Their primary concept is called “ChainScript”, and it represents a blockchain system that is meant to help students craft immutable portfolios on a decentralized blockchain ledger.
A blockchain portfolio (not necessarily ChainScript) may include:
2. Blockchain Certification
Nowadays, fake diplomas can be easily obtained if one has enough connections or sufficient funds. Employers are needed, energy is wasted, and attention is spent.
The blockchain certification concept is as simple as it can get. Because blockchain ledgers will often present an immutable structure (once something is created, it cannot be edited or deleted), less and fewer fraud attempts will be left unnoticed.
The MIT university has designed a special blockchain app that allows students to present their diplomas and share their credentials. That’s only one of the first attempts, yet many others are presumed to come.
Once effectively implemented on a global scale, with the contribution of more than just a few institutions, blockchain certifications will grow both in trust and value.
3. Cryptocurrency Payments
Even though cryptocurrencies like Bitcoin, Ethereum, or Ripple have become extremely popular across the world, the essence of these coins lies in the foundation of the blockchain technology. Simply put, cryptocurrency is a new payment system, sophisticated enough to provide enhanced security and privacy to its users.
Reputable universities are already accepting cryptocurrency payments for tuitions and various scholarships. Nevertheless, crypto payments are more predominant in technology-oriented courses and classes.
Secondly, if you were to seek guidance or help from academic professionals, crypto payments become truly useful. For example, a custom writing essay service can differentiate itself from its competitors by accepting both crypto and fiat payments. If students begin using crypto, their money will be split between the credit card and the blockchain wallet.
Another example would be educational books and textbooks. If authors widen up their perspective and start considering crypto payments, the demand would increase and everybody would be happy.
4. A Lifetime Learning Badge
If we look closely, we can observe a big problem in today’s educational system, and mostly in the way students are prepared for a professional career. Generally, many students have resumes impressive resumes even though their knowledge, experience, and professional skills are truly lacking.
They may have collected small pieces of the puzzle, but they haven’t really mastered any specific field. To be good at something means to explore that something persistently until you can get it done better than the rest. That’s when you become a valuable “asset” in today’s marketplace.
For example, Open University has developed the so-called “Open Badges”, some special tokens that show proof of student’s affiliations, skills, knowledge, traits, certifications, recommendations, and authorization.
This system is meant to provide both universities and employers a better description of the student, who can no longer mask his lack of passion for his chosen professional role. At the same time, students who are confident in their abilities to provide value to the companies they join will get fewer headaches proving their true abilities.
There are many educational blockchain concepts like Knowledge (a blockchain that aims to reward users for the value they provide in terms of knowledge) or the Ledger Project (impressive tracking through “Edublocks”, a system designed mainly for employers who seek fresh workers on the basis of skills and talents.)
Like it or not, Blockchain in education is more and more present and observable. Rather than resisting technological change, we’d better adapt by fixing the flaws of the traditional academic system that is currently still the most widespread and popular way of attaining public education.