Though Blockchain is becoming a household name, many people are still unaware of its potential social, financial, and economic impacts on everyday lives. Like any other industry, Blockchain has already made its way into the educational sector.
Blockchain is a decentralized, digitalized, and distributed ledger that allows data to be recorded and shared by a community. It enjoys an unprecedented level of trust and transparency. Once new information gets recorded on Blockchain, the data first gets parcelled in a block, confirmed and sealed. The new block is promptly and automatically distributed onto all of the other nodes in the blockchain network. After getting authenticated by each node, it gets added to the previous block to form a chain. It ensures everyone sees the updated records in a network of nodes with no scope of failure.
Accountability via Smart Contracts
Students, teachers, and university administrators can engage in smart contracts. For instance, teachers and students can enter into a digital agreement that specifies an agreement parameter, due date, and grading deadline. Apart from this, educational institutions can also implement smart contracts for student loan payments.
The immutable ledger technology of Blockchain constructs a chronologist list of events that have materialized in real-time. It helps authenticate transcripts, display a detailed or complete report card, and keep the students honest about their progress. Once students submit their homework through Blockchain, the platform ensures that neither can they lose their homework nor claim the tutor lost it.
Using Blockchain to Preserve Student Records
Record keeping is one of the most typical use of Blockchain in education. The quantity of student records is immeasurable, and establishing academic qualifications can be time-consuming, demanding extensive paper documents and case-by-case authentication. There are enormous unique learning credentials, including certifications, diplomas, digital badges, and apprenticeships. Once talking about transfers across schools or states, blockchain technology can remove most of the overhead involved in the entire procedure and accelerate authentication procedures through certificate validation QR codes.
Blockchain can also save administrators and teachers’ time. With only a few clicks, an educational institution admitting a transfer student can confirm their record and the courses they took using Blockchain. The same principle works in sharing records with employers. For example, one can share the records through blockchain encrypted qr code. Once there is a QR code on the record, the other person (employer etc.) can scan it and get authentic data right away.
Blockchain is Reducing Education Expenses.
By opening up innovative, more low-cost pathways to learning and upsetting the current connection between schools and students, blockchain education is altering the education sector. Handling student fee payments is a laborious procedure that includes numerous stakeholders, including students, parents, private lending businesses, scholarship foundations, federal and state organizations and more. Blockchain technology streamlines this procedure, lessening administrative expenses and possibly cutting tuition costs.
Issuance of Certificates & Diplomas
With Blockchain, educational institutions can issue E-Certificate and diplomas to students over traditional paper documents. In addition to data security and convenience of transfer, digital documents have plentiful advantages over traditional paper documents, including:
- they utilize reduced resources and are less susceptible to physical damage.
- You can produce digital certificates in a comparatively smooth and straightforward way.
- Blockchain based digital documents diminish forgeries and fake certificates significantly.
- Contrary to traditional paper-based certifications, blockchain-based documents are tamperproof and straightforward to share.
The Bottom Line
Blockchain technology automates, streamlines, and simplifies educational processes, saving institutions’ resources and expenses. Blockchain adoption is a win-win for both the educational institutions and the students. Learn more about blockchain solutions at ProofEasy.