A blockchain is a public ledger of all cryptocurrency records arranged in data batches that have ever been executed. It is a distributed ledger, rather than existing in one location. It is shared amongst computers all around the world, meaning that is much harder to hack and alter.  The idea is that this creates trust and security; no single party has the power to tamper with the records, with no need for a central authority.

Many academics and institutions are testing the best method to utilize blockchain in higher education.  Blockchain can be a useful way of reducing administrative costs and securing transcript records.

  1. Unified blockchain database– the United Kingdom has a centralized system for checking whether people have obtained degrees. This will eliminate any kind of fraud. It could also be used by affiliated organizations that form a global group of school; blockchain will give them a cost effective, efficient shared resource.
  2. Global Assessment- Create a secure, publicly accessible ledger of academic qualifications where universities authorize a graduate’s degree on the blockchain. A paper system can be vulnerable to fraud, subject to loss. With an increasingly nomadic population of students and workers, a centralized database of credentials and achievements makes sense, whether you’re moving to another educational institution, a new job, a new country – and for refugees who do not have a copy of their degrees. Some sort of secure, online repository would be helpful. Sony has finished developing a system for storing and managing educational records and is now seeking partnership with educational institutions.
  3. Blockchain and MOOCs– An increasing number of universities have jumped into the trend of offering massive open online courses (MOOCs), which enables millions of learners to take classes from anywhere in the world.

Interestingly, there’s a MOOC on Bitcoin and blockchain by Princeton University on Coursera. They are genuinely changing the way education is delivered and acting as a real catalyst for change, allowing universities to innovate and rethink.

The director of the Knowledge Media Institute at the UK’s Open University, argues the “real difference” that blockchain can bring to higher education is to allow us to “move beyond the current structure of universities”.

Blockchain is a technology that is extremely versatile and can be applied in the world of education. The technology is applicable to academia, universities, MOOCs, and other training innovations such as PMI-ACP Certification Training.

Ironically the education sector is a slow learner and takes time to adapt. While businesses worldwide have been quick to adapt to blockchain. Despite the many advantages blockchain provides, the education world may be slow in implementing this technology. Once education institutes implement this technology, they will see the difference, as it will change the way we learn.

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