Blockchain in the education sector plays an important role in 2019. There are some possibilities are yet to come in 2019. One of the key buzzwords of 2018 was Bitcoin. Though, it’s a huge interest level which underlying technology of Blockchain. It witnessed businesses ranging from retail and banking to education and manufacturing invest in blockchain-powered technology solutions.
While sectors such as banking, manufacturing, and healthcare are often quick to adopt innovative technology, the education sector is often slow in the battle. But this sector is one of the best challengings for emerging technologies. The education sector always has a direct impact on how future generations are built both in terms of awareness and skills. The blockchain is a critical role to play in creating awesome student experiences across the sector.
We explore five possibilities blockchain can bring about in the education sector for 2019.
- On-demand training platforms
Exploiting blockchain, it is possible to create independent learning platforms where students and teachers can connect over coaching sessions. Terms such as duration, assignments, fee, etc. This initially and recorded as smart contracts for transparent execution.
- A token system of rewards for learning
The academic curriculum is hugely improved by creating a gamified version of the existing teaching style. Students, precise from their lower grades and could be rewarded as digital tokens or badges for their victories. These tokens could be stored on blockchains and can be redeemed as credits for students in their higher education programs across universities and schools.
- Student bankrolling
Blockchains are used to tag loans to employment contracts; employers can finance learning programs of students, and the wages paid can be automatically adjusted to repay loans attached to the student. This would really bring down fears of non-performing assets. As students from all walks of the society can gain flexible access to study credits.
- Globalized verification of academic credentials
Today verification of student degrees is a clumsy process. People puzzling verification are usually employers, higher study organizations, immigration or visa processing authorities. Although education is a primary objective for each and every country, there is hardly any global standard for every technical education course that is imparted across countries.
- Digital Knowledge Banks
Blockchain-based databanks can be set up for students, teachers, entrepreneurs, and leaders across geopolitical and socioeconomic communities to contribute their learning experiences for future generations. Risk of data loss, as well as tampering, is virtually nil in the case of the blockchain.
These five possibilities can refresh the education sector by enabling them to create more student-friendly study programs with assured results. In this, we can assume that the next level of globalized education programs in the upcoming years.
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