Blockchain is the latest technology used in computer science that has a world-wide scale and reach, as well as interdisciplinary applications. It is put-up to outrage the global economy in the foreseeable future. Today, blockchain is powerful modernity that has the believable to affect the world economy. There are use cases where businesses globally have been benefitted by using this technology in healthcare, retail, financial services, etc.
As a technology platform, blockchain aids inter-organizational data management and helps in fostering more secured digital relationships. Analysts see the believable for this technology to disrupt traditional methods of transaction, and data collection services, since blockchains are distributed, decentralized, and permanent pieces of information.
Identity verification is another perennial problem for educational institutions; demand much manual interference and presenting many opportunities for data contort.
Most higher education institutions keep students’ completed course records in possessive formats. These databases are structured for exclusive access by an institution’s staff and in dedicated online systems, with little or no interoperability. Further, the majority of institutions have their own specialized system for keeping students’ completed course records, which protect the possessive data structure of the database.
Some of this is because how humans learn hasn’t changed much. While digital systems have completely disrupted data conference and information theory, the large educational system and supporting industry has abide largely the same.
In contrast, blockchain records are stored permanently, so documents such as degrees verified, regardless of whether or not a user has access to an institution’s record-keeping system. In addition, once institutions issue a certificate, no further efforts are required to confirm the validity of that certificate to third parties, since the certificate can verify itself directly on the blockchain.
Under both of these models, tens if not hundreds of people might have access to a student’s personal information. Keeping that data safe requires managing access rights for all those people, and ensuring their devices are also secured – a mammoth, if not impossible, undertaking. Other than that, it’s in the student’s hands.
The advent of blockchain and other distributed ledger technologies may be the beginning of a disruptive wave of change within the education industry.
So, how exactly do blockchains figure into the education field? Below are a few examples:
- Revamping the Knowledge Reward System
The Knowledge Score monitors and measures a person’s proficiency in a wide range of topics.
Textbooks and videos will be ingestible and Q&A sets will be automatically generated around them for use in education, training, continuing education, assessment, certification, and in other areas of academia.
- Making Credentials More Credible
The digital certificates are tamper-proof and can easily be shared with schools, employers, relatives, and friends. Firms and other interested parties can use to verify the credibility of the credentials submitted to them.
With fake certifications and degrees being peddled on the dark web “for the price of a Smartphone,” you can’t blame workforce managers and school personnel for choosing to err on the side of caution.
- Keep records safe and easily accessible in the online
People misplace essential papers now and then, and they include students who lose their diplomas at the most inopportune time. These and others who face problems getting notes of their school records can benefit from blockchain-encrypted credentials.
Blockchain for education may be a new belief but technologists already see an uncountable of possibilities. Still, there are others who find more questions than answers – and understandably so. And given regulatory interrupt and the bureaucratic intricacies of most school systems, it’s hard to soothsay whether educational institutions will appropriate the technology.
So, while the future of blockchain in education is hard to say with pinpoint precision, from this convenience point, it definitely looks exciting.
Blockchain is believed to disrupt many industries including the education sector. It is projected that this new technology will help several companies reduce operational cost thereby saving huge sums of money.
The technology’s capabilities over the past decade have emerged as a pragmatic solution to business problems across industries. Although, still at its nascent stage, the technology is looking promising to improve many business processes that connect platforms.
With rising demands, there is enormous pressure on the education system to produce quality at an affordable cost. In view of this concern, the government’s policymaking arm – NITI Aayog is exploring the potential applications of blockchain technology across various sectors including education and healthcare. It is focusing on developing a proof-of-concept to explore blockchain in critical areas of education.
Blockchain technology can help alienate some of the following challenges in the education system:
- The threat of student data theft and misuse.
- Difficulty in authenticating certifications and documents.
- Infrastructural limitations and social challenges
- Cost of administering and managing the education system.
Blockchain can solve all these problems and many more by providing an interconnected technology platform for managing operations.
Future of Blockchain Technology in Education System
The use of Benefits of Blockchain will be the next step in changing the education industry in India. It can be implemented on a single or group of educational institutions. Blockchain applications for the education industry are still in their childhood. The majority of attention is currently focused on other sectors such as Fintech as opposed to education, but blockchain technology can change the face of education in India and elsewhere.
It can help educational systems automatically and standardize many of their functions.
Although some headway has been made through Digi Locker for developing a decentralized automated network for keeping educational records, a lot more needs to be done.
It is only a matter of time when the education industry in the country and across the globe will start felling these benefits of using blockchain technology.