Who would have thought that the education sector would have walloping benefits through blockchain? Blockchain as technology has also revolutionized the education sector and it is enjoying its massive global adoption. Thanks to its ease of being transparent, unaltered, private and decentralized properties.
What is blockchain?
In simple terms, blockchain is a set of records and acts like a register which is distributed across many other computers. Due to the technological advantages of this disruptive technology the term ‘no central control’ has the capability to transform the economy, governance, businesses, and even the way businesses function. The emergence of the disruptive innovation technology addresses the core concerns around security and trust that inhibit online transactions. The new kid on the block has spawned across many industries that include the banking sector, real estate, insurance, logistics, legal industry, music industry, and now the education sector.
Education is the knowledge and skills transferred through different channels. The process gets much easier when there’s a secured medium taking place during the transfer. The digital ledger acts like a bridge building trust gap between all parties involved.
The distributed ledger technology has been one of the most disruptive technologies of this generation. Industry experts are convinced that this cryptographic ledger will disrupt several industries in the foreseeable future. And many several universities and institutions are considering the adoption of blockchain technology in the education sector. As a hyped technology, it might be the right time for authorities to consider introducing blockchain education into the school curriculum, universities syllabus, etc.
Why we need a blockchain education?
Besides the banking and finance sector, the adoption of digital ledger in the education sector is on the rise today. Blockchain education is something that many corporates with technical knowledge have been trying to achieve to empower people in the educational sector. There are institutions like IBM and Linux foundation that are offering certification courses on the technology.
Like many other technology segments, the disruptive technology will also have its way towards the job market. Having better technological learning in universities, schools and colleges will create extensive job opportunities for candidates as well. The biggest advantages that this kind of education will be the refinement of the technology.
Here are five ways how this technology is revolutionizing the education sector:
- Bodies of knowledge
This can build a slight uncertainty; however, you can think of Wiki or Khan Academy, research bodies or journals providing the proof of learning from the systems. The present systems like open Athens and shibboleth use centralized ledgers. To offer an authenticate infrastructure, cryptographic ledger technology can be used.
Since blockchain allows free transactions, micropayments for the use of educational resources and courses can be free of charge.
- Students records
The education sector is changing more than ever and is now becoming a personalized model. Several universities and colleges are already using blockchain to store the records of their students.
In reality, it is going to be challenging to learn these technologies. However, with everyone’s competency and talent one can always explore their horizon and learn from outside the classroom as well. The decentralized technology provides a secured medium of sharing the competency indicator (badges, certificates, letter of recommendation, citations, academic records, etc.) across verticals.
- Course curriculum
Many educational institutions do not have the updated curriculum and adding blockchain to the list will be an added advantage as this is one of the skills that employers will covet in the coming future. Institutions and universities that include blockchain in their curriculum will no doubt be important. It can be a challenge for students to learn a technical skill set as it intersects areas like business, policy, law, technology, cryptography, intellectual property rights, artificial intelligence and so on.
- Innovative learning platform
Many students are taking up blockchain education, and entrepreneurship is one way they’re making way towards their educational opportunities. Moreover, many students are now realizing that the disruptive technology is their way towards a secured future they have started taking blockchain seriously and are preparing for their next steps.
What is a blockchain education network?
It is a nonprofit organization that connects students from across the globe. Their mission is to empower as many students as they can to create a robust network of students who are creating bitcoin clubs across their campuses.
Doing this will open new avenues for students and peers in building new innovations. By combining these clubs, they will be able to create a rich web of interconnected blockchain hubs around the world.
Blockchain as technology is doing great wonders in diverse industries such as banking and finance. Yet the biggest challenge is the adoption of this disruptive technology in the education sector. The education sector is slow and moves in a sluggish way. Therefore, migrating towards new innovation should be done discreetly. One thing is for sure, once the education sector adopts to this change, making a career shift in this domain be of high worth.