You ever wondered how blockchain would enhance the educational and institutional experience for students and the management? Here’s a blog that explains the three major benefits blockchain has to offer to the educational sector.
New-age technologies are revamping conventional structures of education. The most impactful one of them all is Blockchain. It implements real-time decentralization of education, allowing transparency and knowledge security to remain at its core.
The true potential of blockchain-based education will enable students worldwide to avail quality education in a streamlined manner. Managements can effectively utilize blockchain technology to optimize tuition processes to eliminate the existing hurdles.
In this article, let us learn how blockchain benefits students in three significant ways.
- Offers Student eProfile:
Student credentials are a crucial part of education. They determine the students’ merits and help identify them among their peers. Student identity management has become a growing concern due to the sheer number of the population pursuing education across the globe.
Blockchain offers superior identity management solutions via decentralization. Distributed ledgers can store immense records of student information and maintain them with little to no effort. Reviewers can quickly identify the students’ achievements, grades, performance, and skills and track them on the blockchain. Further, it offers a model that allows secure and seamless sharing of the student’s competency pointers. These pointers will include badges, certificates, letters of recommendations, citations, and other details that add to a student’s credentials.
- Saves Expenses on Course material:
Educational institutions spend the majority of their funds on offering study materials and resources to their students. Tutors and professors practice outdated traditions and rely on conventional systems for the management of student affairs. The use of such systems is taxing and demand educational bodies to shell out more.
Blockchains can allow students to access their educational resources such as lecture materials, eBooks, videos, and quizzes easily via accessing the distributed ledgers. Any member of the blockchain can access data stored in decentralized ledgers. Data sharing can be performed without any charges as blockchain enables peer-to-peer sharing, allowing students to share their work. Authors can directly sell the books to students, thus eliminating any intermediary.
- Copyright Security & Patenting:
Student thesis is often prone to deceitful claims by others. Thus universities struggle to identify the ownership of documents and ideas. Furthermore, the lack of any real-time systems to track patents also contributes to the inefficiencies that exist in educational institutions.
Blockchain offers unparalleled security for patents and copyright ownership. Nodes across the blockchain can validate and verify the ownership of thesis documents to prevent fraud and theft of intellectual property. Due to the decentralized nature, blockchain allows participants to upload their data and secure them via cryptography. Offering complete control and security to student documents, Blockchain serves to develop, share, and control intellectual property.
Thus we have realized the three significant benefits blockchain bestows upon the educational sector. These benefits are derived from the core mature of blockchain technology and its attributes that help reform the conventional challenges that deter quality education and weaken the management of said institutions.