Blockchain is making great strides and the education sector is not away from the blockchain. To eliminate tampering, fraudulent certifications and middlemen, educational institutions are embracing blockchain. Blockchain is working wonders to verify educational certificates.
Blockchain technology has impacted various sectors. The arena of education is not at all an exception. Especially at the time of the pandemic situation, the education sector quickly embraced digitization. Here the blockchain can be the game maker.
Blockchain is the public ledger that records as well as verifies every transaction. DLT (Distributed ledger technology) operates via a decentralised platform by making it completely fraud-resistant. Blockchain technology can transform the way pupils and teachers interact with each other. The academic documentation handling can also be changed. The educational certificate can be verified by blockchain. So mainly the accountability and transparency of blockchain can prove a great advantage to the education sector. Let us dive into the ways how blockchain can transform or impact the education system.
1) Through transcripts
All educational credentials need to be recognized and verified universally. Verification of educational credentials remains a manual process that takes huge time and possibilities of error. Usage of blockchain can streamline and facilitate verification processes and lessens all fraudulent claims. QR code certificate verification method can help students to verify their educational credentials.
2) Keeping student records
Educational platforms can use blockchain for securing and sharing the records of the students. The distributed ledger technology can be efficiently used as the directory more than the data warehouse. It can enable colleges and universities to upload every digital document like credentials into the blockchain. The student can access via digital passports. Even the pupils can have the freedom to share those digital data with scholarships, programs etc. With blockchain, you can secure your educational certificate safely.
3) For identification
In this digital era, identification management is an issue in the education sector. Many platforms are there which can help the students to bear their identity around the internet. Students can easily access the apps on the DLT network.
4) Digital Badges
You can verify particular skill assertions with the help of a digital badge. Even several badges can be united into a single open badge which pupils can share with employers.
5) Providing infrastructure security
Schools and colleges add security cameras and they are required to offer protection to the networks from hackers. With the help of the tamper-proof ledger feature of blockchain, many companies are sharing all security data through device networks.
6) For ridesharing
With the DLT, riders and drivers can build a user-driven marketplace that can allow the drivers to make their rates with blockchain logging every interaction. It can allow the students to connect directly with drivers via the distributed ledger platform and reduce some additional costs by eliminating many intermediaries.
7) Management of energy
Especially for educational institutes with renewable energy sources, distributed ledger technology can effectively lessen the requirement for intermediaries. The decentralised schemes of energy generation can allow many organisations to generate, purchase and sell energies to their neighbours.
8) Cloud storage
Education institutions and students need to store a lot of data and storage of a huge quantity of data may be sometimes an issue. The distributed ledger technology-laden cloud storage can offer a secured place to store all important data. Store all educational certificates through this system.
9) Smart contracts
Blockchain technology can execute all agreements automatically when particular conditions are met and these are known as smart contracts. These contracts can lessen paperwork in several sectors that include education. The "Check-in" system of smart contracts can prove great for validating assignment completion and recording of attendance.
10) For prepaid cards
Blockchain technology can offer students secure loyalty programs and gift cards but without any middlemen. The prepaid cards can be beneficial and used by schools and educational institutions for buying learning experiences.
11) A marketplace for learning
The main advantage of blockchain is terminating middlemen. So blockchain can be deployed for building several learning marketplaces (Like test preparation, mock tests etc.)
12) Managing records
Blockchain's usage lessens the paper-based methods and minimises fraud risks and also enhances accountability. This technology is holding value a bit higher for the education sector. The concept of digital transcript is vital, especially for lifelong learners.
13) In Retail
Blockchain technology can connect both sellers and buyers in a marketplace. DLT can prove advantageous to power student businesses or school stores.
14) Human resources
Managing and controlling background checks of students and employment histories are time-consuming. These are complex manual tasks for human resource professionals. To verify educational certificates for HR professionals is also complicated. If those records are kept in DLT, the total employment process can be easily streamlined.
15) For charity purposes
Blockchain technology can offer the ability to track donations and their impact while doing charity donations. Many foundations are there which track all charitable financial transactions based on blockchain technology. Schools can benefit from the distributed ledger technology thoroughly in terms of charity transfer & records.
16) In Libraries
The distributed ledger technology can efficiently help the libraries of school and education institutions to extend services by creating a metadata archive and developing effective management of educational assets.
17) Properly governing
The advantages of using blockchain technology for smart contracts can be efficiently applied in making accounting much more transparent. The apps can provide an administrative system for educational organisations for ensuring the proper execution of smart contracts.
18) For publishing
It is vital to say that blockchain has several applications in the publishing industry (from right management to piracy). DLT can streamline the process of publishing. Students, educators can get benefits from the publishing option.
19) For Bonds
Transferring the process of selling bonds from old methods to the blockchain can cut costs and boost up the speed for investors & bond issuers. School institutions can get advantages quickly through it.
20) Public assistance.
Blockchain technology is constantly streamlining the system of public assistance for students.
So, we can say that when we step towards educational innovations and implementation of several processes, blockchain is leading students to evolutionary gains. Educational certificates can be easily verified, authenticated and saved in cloud storage via blockchain technology. If blockchain technology is correctly operationalized in any sector, it can transform the stagnant sectors and people can streamline every process with ease. The potentiality of blockchain is huge in educational classrooms. No one can deny the fact.
