Blockchain technology is revolutionizing different areas of our society including educational systems. Students and educators at the high school and university levels are reaping benefits from exciting new blockchain technology applications. We are going to discuss five ways blockchain will improve education in the near future.
Transcripts & Records
As we walk towards a world without barriers, it is crucial that high-schools and universities have standardized and easily verifiable document structures. Credentials of students and educators must be transferable in an easier and faster method. This can be easily attained with the use of blockchain technology.
Every student and educator faces the daunting task of adjusting to educational administrative bureaucracy. The amount of paperwork can be overwhelming at times. Likewise, participants in an educational bureaucracy must also devote large amounts of time for document verification and processing. Blockchain technology plays a central role in solving this issue and simultaneously minimizes fraud by having all the documents in an accessible public ledger that is distributed across the globe in several different nodes.
The use of blockchain technology in education can go even further with smart contracts. The automation of agreements will not only save time to university staff but also make rewarding and “punishment” a fairly easy process. When a student fails to pay tuition or when exams and group works are completed, smart contracts will immediately execute the defined counter-measure that was previously set for that specific action that just took place. This is only possible through complex Byzantine fault-tolerant algorithms that together with a decentralized network allow for highly sophisticated logic rules to be applied to a digital contract.
Currently, faculty members and even students publishing their works have no guarantee of a completely fair utilization of their work. It is possible that everyone can be rewarded by the use of their materials if their intellectual property is protected in the blockchain technology. By attributing a public address and a private key to each piece of work, it would allow micropayments based on citations or usage, but also credit and recognition for the author. In the end, every creator would have a tamper-proof and decentralized record of his works only possible with the intrinsic qualities of a blockchain. San José University and its Library 2.0 project, is leading the way in these terms.
Contrary to the amount of paper used in university offices, the students are using less paper. Our modern age now places a greater focus on the storage of digital data.
Cloud storage becomes then particularly vital for universities and their students, who need a safe and reliable way to store their documents. The safety aspect of cloud storage is paramount for universities that have their students’ projects become companies or patents on a regular basis.
Current online storage systems might not offer the confidentiality and prices that universities require presently. Therefore, blockchain technology continues to emerge as an improved data storage solution. Finally, such nodes can be rewarded not only for storing the data but also for a fast and stable distribution across the users of the network.
Learning Platforms and Marketplaces
As in cryptocurrencies, avoiding intermediaries was one of the first premises of blockchain technology.
Bearing this in mind, it can also help content creators of educational materials and students to come together in a platform where they can exchange knowledge and the respective payment directly between themselves.
By storing each teacher’s data in a secure and digitalized form, as well as a complete history of content creation, students can make the decision to partner with a specific educator without the document loss and distrust issues.