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Sectors like retail, banking, and healthcare are fast to adopt innovative technologies. However, the education sector is slow in the race when compared to the other areas. The education sector is the best testing ground for emerging technologies. Blockchain technology can be the deciding factor on how the future generations are built in terms of skills and awareness.
These days, Universities and institutions are applying the blockchain technology into the education system and utilizing it to support academic degree management and summative evaluation for learning outcomes. Now the question is, can blockchain really revolutionize the education system? Some blockchain initiatives certainly think so. Blockchain in this regards has a significant role to play, in allowing students to excel in the education system.
The blockchain is not new to higher education. It is evolving in many different directions. The University of Nicosia is the world’s first university offering a degree in the digital currency. This technology is considered as the bridge to building digital trust and can play a significant role in transforming higher education in the future. The blockchain is just a distributed ledger that records the transactions and what makes it distinctive from other technologies is that it is durable, time-stamped, transparent, and decentralized. Blockchain ledger provides an immutable record of an individual learner’s accomplishment which can be disclosed in the public context. By just entering the qualification information into the blockchain ledger, the documents can be accessed, verified, and evaluated according to the standards.
In the future, students can find a tutor in any subject within minutes and take lessons at any time, any place, and for any level of education. By using smart contracts, the quality of tutors and their qualifications becomes completely transparent. Transparency makes it possible to search for required tutors and recognize good teachers easily.
It is possible to create individual learning platforms with the blockchain, where the teachers and students can be interconnected throughout the coaching sessions. Fees and assignments can be recorded as smart contracts for transparent execution. Blockchain can leverage the academic curriculum by developing a gamified version of existing teaching methods and strategies. In any case, this application will push the students to involve into their particular area of interest and build their career.