Blockchain: Transitioning Education in the 21st Century

The use of blockchain in education holds the promise of positively disrupting the education industry and changing the way stakeholders approached education in the past. EdTech has taken care of K-12 education in India and globally. Even in the midst of a pandemic, it's an industry that has shined and offered a glimmer of hope. Education sector could hold great benefits by implementing blockchain. Specific issues, like maintaining student records, such as degrees or enrollment details, are the most requested areas in the use of blockchain in education.

Benefits of Using Blockchain in Education:

The EdTech industry is finally starting to use blockchain in education. However, some companies still prefer to lie on the aisle side of caution and wait for it to show promising and exponentially high results before fully adopting blockchain technology in higher education. On the other hand, some are sceptical of the hype and potential risks of blockchain and are hesitant to adopt it in their system. Then there are others who are satisfied with the existing technology that supports their processes and systems and do not want to fully adapt to the new technology. However, there is a large portion of those in the K-12 education industry today who have had success with using blockchain in education. These people, in turn, are trying to educate others and spread the word about the benefits of this technology. These efforts may eventually allow them to unlock the potential benefits of blockchain in EdTech.

How will the use of blockchain in education revolutionize higher education? Blockchain has the power to usher in a new era of education.

Here are the top five ways using blockchain in education will benefit the entire industry:

1. Act as Manager of Docs:

For students and educational institutions, physically storing records is a nightmare. Additionally, there is a persistent worry about tampering and wear and tear.What if there was a technology that allowed for encrypted safety features and secure digital storage of everything? Fortunately, there is one because of how quickly and continuously the EdTech sector has evolved. With the use of highly secure credentials, universities, colleges, and institutions are now able to create tamper-proof certificates for students, securely keep degrees and diplomas in their databases, and even grant easy access to the concerned parties.

1. Facilitating online learning exchange: Do you have to be concerned about professors skipping lectures or students not showing up. Attendance in K–12 school continues to be a major challenge. The lack of peer-learning opportunities and the potential for extending sources of learning new information or receiving mentorship for higher education preparations are equally troubling. By serving as a learning platform for both students and institutions, the usage of blockchain in education can solve these issues. Additionally, it can assist students in enrolling in online courses or training when the need arises. A freelance trainer or instructor can create their own learning platform and control every aspect of their business, from scheduling classes to keeping track of fees.

2. Offers secure payment options

Using the blockchain platform, students can easily pay tuition to a school or to a freelance teacher. This is very convenient for international students who have difficulty paying by checks and drafts. This is much safer than sending mail halfway around the world without knowing if it will eventually reach its desired destination. Paying online is much more secure and has encryption to ensure that your financial data is not visible to anyone else on the Internet.

1. Using Blockchain in Education

Plagiarism and book piracy are on the rise recently. Especially in the age of the internet, where everything is available on the web, it's not a big deal to copy someone else's work and post it on your behalf. If you are a researcher or higher education aspirant preparing for your SOP or thesis, you want to secure your paper with the highest security standards. Blockchain allows you to do this. It can monitor and even control the distribution or reproduction of your content on the Internet if it is copyrighted.

5. Preventing Identity Theft

Who doesn't fear identity theft or someone else using their identity to launder their bank accounts? In the age of online banking, this is a fear that everyone lives with. But with a distributed blockchain ledger, you can rest assured that only you can make payments and verify your own identity. This makes it easy to pay your tuition fees online. You can even store your digital signature online and access it when needed. The use of blockchain in education has the power to revolutionize EdTech like never before. This could unlock limitless potential for the entire education industry in the long run.

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