Blockchain Is All Set To Address the Current

and the Future Challenges in Education

Blockchain is one latest innovation that has enamoured several

investors in a short span of time. The technology is proving to have a

long-term impact on various industries. Many of you by now know how

blockchain operates, how blockchain apps are growing in numbers,

what smart contracts are, and how blockchain technology is

transforming the finance industry. Blockchain is spreading its influence

and proving its possibilities in different fields. Latest to join this list is

the education sector.

Blockchain technology has this in-built cryptographic feature towards

security, confidence and equality that can generate frictionless

transactions. Backing its fresh case studies on Blockchain technology

and companies, a research firm recently cited the use of blockchain

technology and its emergence as a new horizon for I.T. business market

and other segments.

Blockchain technology’s decentralized character can create a

world without intermediaries.

Let us see how Blockchain can reform the education industry.

The Education industry is a burgeoning sector, creating huge revenues

and employment opportuniti es. The industry has been undergoing

major changes and is getting more digitized further driven by new

formats, patterns based on the latest technological innovations.

The global education sector is the second largest industry and the

segment is rapidly increasing with high growth potential. With

globalization, the sector is experiencing a strong expansion with several

private participants coming into the scene. This shift of global education

along with the expansion of “education to all” has pushed more

collaboration between education providers and industries. Automated

systems that deliver distance learning, e-learning, online-learning etc

are proving to be a big welcome among the youths. The future

workplace demand can be for specific skills and transferable skills.

These changes demand quality and value from education institutes.

Ranked and reputed institutes too face severe challenges irrespective of

transforming the teaching and the learning process. While focusing on

the Student experience, not many young generations are happy with

the way the education system functions. Students are no more ready to

face issues right from submitting their scores to following the deadlines.

With loopholes in the admission systems, many a time, a deserved

candidate fails to gain entry to the best of the Universities.

Miss-management of all the process-driven functions; slow and

inefficient administration along with the complex mechanisms can be

the major hindrance to the worthy candidate.

With the growing enrolment ratios, there can be more issues

related to;

● Data leakage

● Privacy

● Security

● Transactional errors

● Lack of Information

Gartner (News - Alert) recently highlighted Blockchain as one of the top

technologies impacting higher education in 2018.

Education plays a crucial role in supporting the economic strength,

pulling together the political and social status, productivity and in

general the overall development and accomplishment. It has the power

to bring a change.

Blockchain phenomena can change and shape the future of education

These on-going changes in the global economy, demographics, and with

the independence of language structure etc., Blockchain can prove to

be the most capable technology that can serve to strengthen the whole

sector.

In a blockchain transaction, all data is stored in the form of blocks. Every

block is connected and the chain of these blocks forms a record of

transactions. Every block is cryptographically secure. Information stored

is unalterable. Any attempt to modify the content can have severe

repercussions in the remaining nodes too.

● Secured cryptographic record – replacing paper

● Smart digital implementation of policy

● Operate a global context

● Storage and retention of student data

● Smart contract and communication

● Smart learning

● Storage and retention of certificates

● Cryptocurrency payment

● Cryptographically defined operation models

● Transform the student experience

● Widen possibility

● Widen Admission and future employment

● Reform strategies and functionalities

● Students, teachers, employers, accreditors, validators, institutes,

testers, can all connectivity work through blockchain.

Blockchain for education can sound to be a new concept. But, looking at

its myriad of possibilities, it can surely transform the centralized

education system to a decentralized distributed arrangement that can

ensure the security of data and maintenance of privacy.