Published By - Brian Curtis

Is Blockchain Technology a Blessing in Disguise for Education?

Is Blockchain Technology a Blessing in Disguise for Education

The blockchain is the technology which was used to create the cryptocurrencies, like bitcoin. Following the invention of the steam engine, electricity, and IT, the blockchain technology has been applied in many areas such as finance, judiciary, commerce etc.

Currently, this technology has been applied to various fields like cryptocurrencies, which includes Bitcoin, Ethereum, and Zerocash, etc. Bitcoin was the first payment network of e-cash based on this technology.

Blockchain in Education
In all countries, the central focus is on the field of education. Despite the outstanding developments in artificial intelligence and the internet and IT technologies, human resources are still the leading precious resource to nearly any business.

The blockchain is going to create communication within the field of education less complicated, Not only personal but also several state academic institutions are either getting ready to implement blockchain-based tools, or they’re conducting research which can modify the strengths and weaknesses of performing blockchain technology in education to be known.

Blockchain Replaces Paper
An incontestable advantage of this technology most often discussed is that it will make the dematerialization of the possible documents and will also be expected to assist in bypassing the risk of losing or distorting paper documents.
Paper-based higher education diplomas, school certificates and additional training course certificates can get lost or damaged over a period. Once put in the blockchain, the information about students, their grades and the courses they had gone through will not get lost, and it is impossible to change or misrepresent the data, and at the same time, anyone can easily access this information with the owner’s consent.

Blockchain for Saving
It will help to save the millions of dollars as well as number of hours of labour by removing the burden on educational institutions by storing documents and provide access to them at the request of employers and authorities.

Financing education and blockchain
Cryptocurrencies and financial services are the most popular uses for this technology. Financial accounting is a significant component in schools, universities and other educational institutions. This technology will also help to improve the system for calculating scholarships for students and the salaries for teachers and also it will provide a transparent mechanism for funding projects.

Blockchain for education is may be a new concept, but technologists already saw a myriad of possibilities. Also, given regulatory barriers and the bureaucratic intricacies of most school systems, it’s hard to predict whether educational institutions will adopt the technology.

BlockChain Technology is knocking on every industry to enable disruption. Here are some its Top Courses:

 

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