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Integration of Blockchain Technology into The Education Systems

Blockchain is one of the most exciting technological developments over the last century. The rapid evolution of decentralized computing systems and hacker-proof ledgers has led to blockchain technology adoption in several companies and industries.
Formerly, traditional sectors like finance and healthcare have opened their doors to utilizing this ledger technology in their systems. As a known catalyst of change, blockchain has revolutionized the speed of transactions and trust in the system.
However, does it stand a chance in the education sector?
Even with the great strides in educational technology, such as the development of smart classrooms and distance learning, education systems have much to achieve.
The market for educational technology is estimated to reach $93.76 billion globally in the next year.
Blockchain has the means to become an integral part of the education system, but how does this technology fit in with the administrators and students? First, look at the potential impact this distributed ledger technology (DLT) can have on learning institutions.
Cybersecurity
Privacy and security are issues that concern the general population globally. Blockchain’s permanent feature- data are once written in blockchain and can never be changed, just added on- makes its transactions tamper-proof. However, most sectors that have adopted blockchain technology are security-focused, like banks and financial institutions.
Security and privacy are significant concerns in educational institutions, with cybercrime on the rise. These hackers are now targeting student information to use them in creating fake identities and committing other crimes.
Unfortunately, schools’ and students’ data are prone to data breaches. Overprotective parents are no longer just being unnecessarily paranoid when they question how well their children’s data is protected.
Educational institutions should follow the lead of other security-conscious industries and secure their data using this ledger technology. This protection will extend beyond student information and other areas, making educational material accessible, tamper-proof, and preventing plagiarism.
Furthermore, they can employ blockchain security protocols like installing security cameras and sensors that are hacker-proof and digital badges for students and employees that can’t be replicated. Keeping the students physically and digitally safe through blockchain will make a big difference in the education system.
Record Keeping
Blockchain technology is founded on distributed ledgers that allow information to be accessible to everyone. Blockchain members can obtain a copy of the report at any time, and changes to the data are collectively validated. In addition, the information is permanent and traceable, making it possible for members to view transaction histories.
So how can this feature be applied to schools?
Educational institutions are characterized by having student information to store, track down, and distribute. They also supply the students’ credentials to the next institution after graduation or transfer. However, performing these tasks on a centralized system sometimes leads to mix-ups and long processing times.
Blockchain technology transforms the institution’s record-keeping systems by opening them up to students’ access. Ledger technology eliminates the need for intermediaries and makes digital credentials accessible to students at school. This also reduces the risk of fake students claiming they earned degrees from said institutions.
Graduates today face many challenges when presenting their credentials to potential employers. Connecting the employer to the graduate’s former institutions is time- and resource-consuming. Distributed ledger technology provides all members with a secure and tamper-proof network for credential verification.
The process is guaranteed to be fast as it eliminates the need for employers to contact the schools for verification.
Payments via Cryptocurrency
Some higher learning institutions are accepting cryptocurrency as a legitimate payment for fees. These institutions are using blockchain to manage the custodianship of student tuition efficiently. As a result, they are reducing processing time and third-party stalling transactions that come with fee payment.
However, these institutions only accept cryptocurrency from students enrolled in technology-related studies. They are not yet equipped with enough infrastructure to take that form of payment in more significant numbers.
Real-life Institutions that Infused Blockchain in Their Systems
The University of Melbourne is using blockchain technology to issue digital credentials. This has created a network where students can share verified copies of their qualifications with employers or other interested parties in a hacker-proof system.
Class of 2018 MIT graduates chose to receive a digital version of their diplomas on a blockchain-based app. As a result, their academic records will forever exist in the system, ready to be accessed by potential employers.
Sony has developed a blockchain platform that is a digital certificate-issuing system. It records educational achievements and other student information in a secure network.
King’s College in New York City became one of the first institutions to accept bitcoin as payment. The use of cryptocurrency in an accredited U.S. institution builds the currency’s legitimacy in the education industry’s
Many other institutions have embraced blockchain technology to speed up transactions.
EndNote
Blockchain application in education is tentative as most institutions are still in the piloting phase of its use. The only way to see the full effect of the ledger technology is through open implementations. This might take a while as the institutions that haven’t joined are on a wait-and-see stance. The fear of the potential risks that might come with an ‘immature’ system holds this group back.
The institutions that are shy to dive into the technology fully should consider maybe dipping their toes—giving one aspect of the technology a try, like the distributed ledger, to see if it will iron out the kinks in the old systems. There is much room for improvement in the education industry, and exploring technological advancements is a good start.
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