Many of us identify blockchain with cryptocurrencies and how it is set to alter the financial world as we know it. However, there are many additional applications for blockchain technology worth highlighting. One of these is the application of blockchain technology in the education sector.
Although blockchain may not appear to be directly applicable to the education industry at first glance, the technology has enabled a more secure and trustworthy educational system throughout the world in recent years. These reforms are also intended to increase the efficiency of the education industry in the long run.
Blockchain technology makes the education industry more secure and efficient.
Everyone may examine an unalterable history of all transactions on the blockchain. In other words, once a translation is recorded on the blockchain, it cannot be modified or undone by anybody, including the person who created the blockchain in the first place.
This indicates that it is highly viable for any sector with records, including the education sector, to utilize it.
There is no limit to how much information an educational institution can handle for a single student, from preschool records through university diplomas and the numerous transcripts and scores in between.
Remember that the average educational institution will have hundreds of students, with new students joining the system every year.
All of this data must be stored someplace, and few locations are more secure than a blockchain.
Furthermore, blockchain technology can address one of the most severe issues plaguing educational institutions throughout the world: certificate fraud.
Individuals commit certificate fraud when they fraudulently claim to have graduated from institutions they did not attend or fake their certificates or transcripts. There are a variety of motivations for doing so, ranging from job stability to entrance to other educational institutions.
Certificate fraud can go undetected if the institution receiving the false credentials does not correctly validate its integrity. This is also a significant issue in the Indian school system.
Furthermore, job seekers and various applicants are frequently irritated by the time it takes to confirm their qualifications. However, all of this is changing with the introduction of blockchain technology.
These concerns can be solved by organizations such as Kolkata-based Globsyn Business School (GBS) using blockchain to issue certifications. To begin with, blockchain networks are readily available to everyone with a computer. This suggests that prospective employers may verify credentials online rather than calling each school individually.
Because most blockchains are unhackable, time and effort are saved on both parties, and certificate fraud is significantly reduced.
This is because blockchain as a concept can maintain its integrity in the face of human mistakes. On a traditional computer system, everyone with access to the system has the ability to change existing records realistically.
However, once a record is published to the blockchain, it cannot be altered or erased, assuring its legitimacy.
To summarise, Blockchain technology has the potential to enhance record-keeping across the board. An individual’s academic records may be securely kept using blockchain throughout their academic career. Paper records are removed in this manner, and all papers are always available. This method of efficient record-keeping applies to all types of records, not just academic documents.
The blockchain may be used to store course materials, study notes, and other academic data. Furthermore, given the immense quantity of academic knowledge that exists internationally, from books to maps, digitizing it on a blockchain implies that such knowledge may perpetuate in the digital realm and be accessed by anybody on the planet perpetually.
Blockchain enables a world that is linked and independent of a central authority. It has a massive influence on academics by changing how credentials and materials are granted and stored.
As a result, if we adopt blockchain technology immediately, India might be one of the most extensive beneficiaries.