The education industry has undergone constant technological advancements for many years. Now technologies like Artificial intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Blockchain, and Wearables are used to enhance the potential of the education industry. In this article, we will discuss what impact does blockchain creates on the education industry.
Our blockchain app developers design a secure platform for institutes to prevent student’s data from unauthorized access.
Need for Blockchain in Higher Education
- Identity and Student Records: Educational institutes face challenges in protecting the identity, important credentials, and records of the students.
- New Pedagogy: Each student has his own learning capabilities. Creating new learning models is essential to meet the requirement of every individual.
- Costs (Student Debt): Education funding persuades students to opt for a career of their choice. Student reward programs are organized to praise students for their capabilities.
- The Meta-University: Designing new models for higher education to meet the demands of the future and make dreams become a reality.
Large chunks of data are shared by the professors through the internet, e-mail, PowerPoint presentation, or audio recording of the lecture. Along with the exchange of data, important documents or diplomas are uploaded on the centralized servers. Hackers easily destroy the security of these centralized servers that results in misuse of the documents. Implementing the blockchain solution in the education sector decreases the role of intermediaries in the exchange of value. Education leaders use distributed ledger technology to add a layer of security for eliminating fraud and avoiding manual verification of transcripts. Blockchain technology increases the chances of collaboration between educational institutes and businesses.
Blockchain is a highly secure platform where educational institutes can secure their data without involving powerful intermediaries.
Blockchain Application for Education
Blockchain distributes digital assets (money, bonds, stocks, and intellectual property) across a global ledger through the highest level of cryptography. When a digital transaction occurs, it gets posted across millions of computers. Miners around the world with massive computing knowledge assemble previous 10 minutes transactions into a block. Serval miners compete together to solve a tough problem. The miner who first resolves the issue gets the chance to validate the block and digital currencies as a reward.
After a block is validated it is linked to all the previous blocks to create a chain of blocks. The blocks are time-stamped and digital wax sealed for security. When a hacker tries to hack a block then he has to hack all the preceding blocks across millions of computers. Damaging one block is easier but different blocks can be difficult especially across millions of computers. Etherium blockchain enables programmers to develop smart contracts, manage performance, and payments of contracts between the people.
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