Top 20 Ways Blockchain Will Transform Education
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Distributive Ledger Technology (DLT) is a delightful offering of the public ledger system, blockchain. Maintaining absolute transparency and eliminating the intermediaries, ledger technologies can help record transactions that are easily verified and validated. Transforming many industries, blockchain is initiating its baby steps in the education domain, too. Let’s see how it can help in transforming education across the globe.
Top 20 Ways Blockchain Can Revolutionize Education
Educational institutions have a lot of information that needs to be stored with the utmost security, and at the same time, this data needs to be accessed easily as and when needed. With DLT cloud storage, these institutions are provided with more secure alternatives that are comparatively cheaper, as well.
For many, educational institutions are imparting wisdom on energy management, but how many of them are actually manifesting the same? These DLT solutions can help institutions with generating, buying, and selling the same energy within a particular neighborhood, thus, eliminating intermediaries.
Blockchain technology can also help in streamline contracts. With the caliber to execute contracts in an automated manner, it can reduce the dependency on paper documentation. In the education arena, it can offer a simple series of check-ins, be it on assignment completion, attendance, presence at detention, and many more. The possibilities are endless!
At every level of life, students need academic credentials that should be universally acknowledged and non-subjective on all grounds. Unfortunately, on elementary and even secondary levels, their subjective verification is a manual process and is highly dependent on paper documentation. Hence, the chances of intimidation are slightly higher. The concern can easily be addressed with DLT solutions. Not only can they slick the verification procedure, but they can help in false acclamation on these credentials.
Educational institutions are incurring “fortune” on security measures, while what they need to safeguard is the network from cyber attacks. With the adoption of blockchain technology and devised ledgers that are tamper-proof, schools and other educational institutions can easily fortify their sharing across device networks.
Blockchain technology is all set to eliminate the intermediaries, which can help in its utilization for creating learning market frameworks.
DLT can provide its helpful offerings in encompassment of metadata drive at a more advanced level. It can also help in the protocol development that can support collections from several communities, helping with effective administrative management.
Blockchain technology has empowered bus drivers in the establishment of their own rates by simply logging interactions. This can help schools to negotiate with them on transportation grounds.
Public assistance system can easily be organized for students and families wherein benefits can easily be accessed in cryptocurrency by recipients with the aid of a mobile app.
Verification of the background and employment histories before recruiting a new faculty is time-consuming. But, if the employment records along with the history of crime (if any) can be stored in DLT, the recruitment process can be sped up.
Blockchain empowers small retailers and business houses to provide students with gift cards without the aid of any middlemen. Because of this, students can directly purchase from them.
Blockchain is revolutionizing the digital space by bridging the gap between buyers and sellers, removing middlemen and helping to power the school stores. It can also help in extending or scaling student business.
Blockchain enables educational institutions and organizations to maintain the utmost transparency in their accounting and administrative systems.
Several publishing options have been unveiled, thanks to Blockchain technology which has multiple applications in the publishing domain. From as simple as the management of rights to abolishing piracy, the technology is unfolding several potential areas for students and educators in publishing niche.
Badges were issued to students with exceptional skill assertions. Blockchain technology enables institutions to issue digital badges that can be shared with prospective employers by students.
Automating processes which were primarily paper-based, DLT has improved the accountability and reliability among school authorities.
The ability to easily transfer charitable donations to the school, while also keeping the track of the same with the aid of DLT, has improved the transparency and credibility of educational institutions.
Blockchain technology has extended its root in bond selling and even prestigious institutions, like the World Bank, which is favoring the same. Educational organizations can easily benefit from speedy bond sales.
Blockchain solutions also promote better governance by authorities as accounting becomes more transparent.
Schools and educational institutions have to maintain the comprehensive records of every student associated with a distributive ledger, which is not only expensive but is intensive at the computation ground. With DLT solutions, these can be easily kept as the directory.
Blockchain technology has empowered evolution in several industries and is expected to unveil its potential in the educational domain, too.
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