Blockchain education has gained fame over the last few years in terms of cyber security issues and now various sectors has taken it very seriously due to the immense benefits it provides. This has made huge changes in the classrooms in comparison to earlier times. Education is equally important as all other factors like finance and healthcare and there is always a scope of improvement using the technology. The market in sector is growing each day and is expected to grow largely. The tools like virtual reality and artificial intelligence have helped the students a lot in order to learn and earn. This technology has become an integral part of the schools around the globe. This helps to affect the teachers as well as the students in this sector.
This technology allows the users to make transactions without trusting the other party and this is creation of history. The entries made in the system can be verified and checked with a single mouse click. This reduces the workload on both students as well as teachers. This will also lead to smart contracts which mean that all the conditions are already met. A student can even receive the financial aid in case he or she has submitted all the required documents. There is a huge revolution in the social and economic forms of the education sector. Some useful applications have been discussed as:
- Diplomas and certifications: the academic record that contains the diplomas and certificates is protected here in this system. The information is available in the chains in case the institution loses the files there is no danger to the system. One can also deliver the certificates through blockchain.
- Archive security: there is always a theft or plagiarism by people who wish to present new reports. Also the documents and files prepared by the institutions are safe in this system and one can at any time approach them. This helps to avoid the forgery of digital signatures.
- Trusted transactions: it is very practical to manage the transactions of such institutions using this blockchain technology. This system protects everyone from falling in to the trap of fraudulent practices.
- Credentials accreditation: the system focuses on interpersonal skills and developments while peer learning. This can help the skill development in groups. This will help to increase the knowledge and group learning will be positively impacted.
- Learning: this system focuses on proper recruitment and learning by providing benefits to both teachers as well as students. This is of immense importance to both.
- Library information: this helps to have an easy track of information of the stores. This will positively impact the library information practices and will help in developing a systematic approach and coordinated efforts.
- Transportation: this will even help to arrange the car pools for students who wish to reach the school. Roadways are getting congested and this is the only solution to such problems.
This blockchain in education industryis still new and unexplored which means that huge scope is there for development and the possibilities for growth are endless.