Blockchain technology has positively impacted a lot of sectors. Starting from government agencies to financial organizations, it has been a boon in areas like record keeping, management, security and many more. Blockchain since the past few years has been so popular that most people take it to be synonymous with Bitcoin. But like we just discussed, it has added usages as well. One such sector that is changing for good using Blockchain technology is the education arena.
Blockchain in a nutshell
We all know about traditional ledgers and their shortcomings like the continuous influence of any central agency, heaps of paperwork, and unnecessary manpower. However, these days ledgers have turned digital but not fully decentralized. Blockchain thus comes into the picture providing a niche of a distributed ledger. It is safe in the sense that it prevents theft or damage of any kind in a much better way than centralized ledgers, thanks to its unique and reliable characteristics. Technically it is nothing but a chain of units, bearing computed data that are stored in numerous blocks of 1 MB storage. It is verifiable by anyone in that network and discrepancies can be easily avoided. But how does it help the education sector?
The new dynamics of Blockchain and the education sector
Literacy rates globally have risen and it keeps getting better. This naturally means more students getting enrolled in schools and colleges. The problem that follows is the ever-increasing number of paper documents making things complicated. But with new sets of problems, the solutions are modern. All of these issues are manageable using Blockchain technology, giving rise to transparent learning and a healthier education system altogether.
How is Blockchain changing the education system?
- Prospect of fewer cases of fraud
An end to false qualifications used for getting jobs can be achieved if educational institutions have all documents of a student updated on a public Blockchain. This way, every degree can be verified, and cases of fraud can be identified at once.
- Student records can be wholly digital
Though digital copies of certificates and documents are valid, original paper forms are still given more priority, because of their easy verifiability. Records of students in a Blockchain is more reliable and can also cut down on paper usage and its complications.
- Co-curricular can be accredited
The co-curricular activities of a student may not be directly related to their academic qualifications, but it is an important area for employers. These can be verified and put up as badges for a student, and help them get hold of a job smoothly.
- Publishing issues can be addressed
Many college students find it difficult to get their papers acknowledged by a publisher. The struggle is real and there is a lot of neck-to-neck competition. However, with the introduction of Blockchain into education, many new dissertations from newcomers are being put up without the headache of rights or piracy.
- Student fees can be put on check
The problem of heavy tuition fees is an issue throughout the world. Most of it goes behind useless manpower and other intensive jobs that can be easily replaced with automation. With automation in these arenas, Blockchain technology will help reduce the high fees of these institutions.
- Payments can be done using cryptocurrencies
Students can conduct payments using cryptocurrencies. A lot of institutions have started accepting Bitcoin as a valid payment option. Student verifiers of Blockchain can also get rewards in crypto. If you are a student, you can trade these coins in various online software. For that matter, you can visit bitcoinsystem.
Conclusion
The education sector is a tricky one keeping in mind all the challenges that are inherently associated with it. However, with changing times, technologies change, and the crossover of Blockchain with education is an important advancement. Students can now be groomed honestly, keeping their journey of learning transparent and make them ready for every kind of job opportunity.