Be it the science, medicine, agriculture or any other industry, everything depends on the country’s educational standard. For this reason, the importance and quality of education are always held supreme in both developing and developed nations.
The outcry for the latest technology is rising day by day and advanced technology is considered to be an important asset in our day to day living and work orders. Every walk of life is getting streamlined and refined with technical innovations that get developed in a daily note. But on the contrary, it cannot surpass the importance of human resources and their immense contribution to varied industries across the globe. Especially in business, human resource plays a vital role in concreting the base. The highly educated, talented and skilled human resources underline any business success. No matter, what the remarkable attributes are rendered via the internet and other technologies, no robotics or other IT metrics can substitute the need for human interventions in varied segments. Ultimately, education comes into rescue for every problem solving and greater analytics.
This blog tries to identify the role of blockchain technology in making the education field simpler. The blockchain is a public ledger that automatically records and verifies transactions within its network. The decentralized platform can transform any industry be it the education, trading, real estate, health or more. The robust platform assures a fraud-resistant communication and transaction across its path of the network.
Now the question is how Blockchain can transform the education industry. What role the blockchain technology can play in making the education industry more focused, qualitative and up-to-date. Let us see how.
Blockchain can deployed in various educational sectors be it the school, college or other community based organizations for improving the learning opportunities, triggering refined student record verifications, reducing the fraudulent claims of unearned degree credits from public, verifying the e-portfolios shared across platforms, enhancing the infrastructure security via installing cameras and sensors powered by blockchains tamper-proof ledgers, equipping with safer and potentially cheaper cloud storage system in distributed ledger technology, curbing the role of intermediaries in varied educational processes and more.
Blockchain document verification
As u dig deeper, the importance and potentiality of implementing blockchain technology in education seem to be higher and pragmatic. The blockchain technology in all aspects can act as a wizard tool in bringing diversified and qualitative innovations in the educational sector and a shield in protecting the education from recurring fraudulent episodes.
For this reason, today both the private and state-run educational organizations research the possibilities of blockchain-powered tools in solving the industry challenges. The rising knowledge on blockchain technology, its strength in carrying a reliable and refined transaction, is changing the perspectives of implementing the blockchain in educational organizations. People are understanding the varied implications of blockchain and its distributed ledger technology in transforming their business conversations.
Apart from the above discussed, Blockchain in Education has many other varied significances. Let’s see one by one.
Going paperless
Blockchain replaces the role of conventional paper works. We know the paper has a significant role in the education industry as many processes right from the admission to other important administrative works are coming under the pursuit of paper documentation. For this reason, there is always a risk of fraudulent occurrences be it the falsifying of papers or records, data redundancy, losing or misplacing important papers and more.
With blockchain in education, one can replace the paper and this can be portrayed as one of the incontestable advantages of blockchain in the education sector. The distributed ledger technology makes the dematerialization of documents possible, thus eliminating the fear of hacking, falsifying, or losing important paper documents or records. Once the data are put in the blockchain, no information can be altered or hacked without the consent of the owner. The smart contract in blockchain protects data from getting tampered.
Decentralization and Quality Enhancement
With the implementation of blockchain in education, the role of central authorities in checking or issuing the academic credits or certifications can be removed from the frame. Under the conventional education institutes, be it a school, college or university, an individual is always faced to undergo thousands of processes to get his processed and verified certificates in hand. There comes the role of many middlemen or intermediaries, adding cost and expenditure to get the work done and complete the process. By the time an individual gets hold of certificates, he will be exhausted both emotionally and financially.
Blockchain makes everything simpler. The distributed ledger helps the educational institutes in storing information on one’s educational credits, thereby issuing a verified certificate of the same. This makes faking of unearned education credits impossible. Thus solving the problem of low qualification levels of designated authorities like doctors, lawyers, economists, academicians, engineers, and occupants.
Blockchain in education thus helps in instant document verification, quick access to verified documents, filtration of individual’s knowledge and skill from a stored database, in short improving the reliability and transparency of the whole process. The strenuous recruitment process is simplified with blockchain as one can easily narrow down the candidate's credentials and easily verify the authenticity of the aforesaid credentials.
Moreover, the information with respect to certificates and other credits can be safely stored under a blockchain and can be easily retrieved when needed. This rules out the traditional practice of accumulating papers and certificates over their lifetime, fearing from losing, misplacing or getting forged.
Saves Expenditure
As said prior, going paperless itself bring down the large percentage of expenditure in the educational institutes. The enormous amounts spent on storing documents can later be utilized in the strategic development of the educational industry. The administration can invest more in the implementation of the vision and mission of the educational institute.
With blockchain, the applicant will be authorized or will be embedded with the complete authority of controlling and storing of his personal data, thereby helping the educational industries large. Blockchain removes the burden of educational institutions like schools, colleges and universities from storing the mounted information, managing the real-time access and issuing of the same and more. With blockchain in education, the industry can save millions of dollars and incredible hours invested by labors to execute the same.
Financing Education
One of the popular use of blockchain technology is cryptocurrencies and financial services. Fundraising for further development of the industry is made simpler with blockchain and related ICO offerings. Introducing blockchain into the education sector can help the industry in achieving a fair cum transparent funding mechanism for schools/colleges in getting done their grants and projects, the smart working of institutes, implementing more scholarships and other development strategies.
In nutshell, the blockchain comes with infinite and intuitive possibilities. The use-cases and prospects are large when it is considered in various industry platform. When blockchain technology is brought to education, the educational industry can become more independent, self-reliant and robust via maintaining a full-fledged, fully-functioning blockchain library for storing all pertinent data of the individual. All information on student level of knowledge, diplomas or certificates can be securely stored, verified and issued any time. The tamper-proof system, cryptographically signed documents uphold reliability, transparency, and accountability in all spheres.
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