Top Use Cases of Blockchain in the Education Sector
The adoption of Blockchain Technology is growing at a rapid pace across the industrial sectors. Blockchain gained momentum as the pillar of the crypto space but, today its applications are proliferating beyond the finance sector. Now, Blockchain has paved its way into the education sector too, with schools and colleges trying to understand the impact of Blockchain technology in their ecosystem.
Blockchain For Education
A recent report by Gartner says, only 2% of higher education institutions are leveraging Blockchain Solutions, while 18% play to go with Blockchain Technology in the future. Blockchain offers secured data storage opportunities generating a wide array of benefits for the education sector.
Schools, colleges, and universities are embracing Blockchain to improve the efficiency of student data management and craft a better way to engage learners. Also, Blockchain Technology enables stakeholders like employers to examine the validity of certificates provided by students.
Here’s why the education sector is partnering with reliable Blockchain Development Company like RWaltz.
Let’s dive in deep to explore more:
Top Use Cases of Blockchain Technology in Education
Student Record Maintenance
The count of student records in every school or college is endless and it becomes difficult to manage this data. With its widespread application in record keeping, Blockchain technology reduces the efforts and time required to manage the massive amount of student data. It streamlines the verification process for transfers between schools and states thus saving the administrator’s time.
The digital transcript with detailed information about the students like attendance, courses taken, results, etc. can be accessed to examine the learners. These Blockchain based student records ensure transparency between the education system, teachers, and the students.
Courses and Certificates
Course certification is the commonly requested student record in schools and colleges. This information is critical as it depicts of the student has passed or failed and should move from one academic level to another.
The conventional education system requires manual stamps and multiple signatures to ensure accuracy which is time-consuming. Blockchain technology serves as a badge of achievement through transparent access to student grades across subjects and eliminating these labor-intensive processes. Since the credentials are stored on a distributed ledger, there are no intermediaries verifying the academic results, certificates, etc. These records can be acquired with just a few clicks.
There have been cases where students have provided false certificates and academic records while interviewing for a company. This leads to unskilled employees being hired by a company and the performance of the team suffers.
Blockchain Technology is adopted by institutions because it is resistant to fraud. The information is stored and recorded sequentially with an exact timestamp when it is added to the chain. The certificates or academic records on the chain can’t be altered, which makes tampering with or falsifying the certificates impossible.
Decentralized Online Learning
Every education institution has a unique specification for their study program that results in inconsistent course content. Also, students rarely have a take on the learning course and merely tend to attend the recorded lectures. Blockchain technology introduces real-time data exchange and interactions between students and teachers.
Schools and colleges leverage Blockchain Platform to connect students and teachers. Blockchain technology also enables sharing study kits online and students can purchase a token to doubt resolution from standby tutors. The Blockchain-based platform enables downloading the study kits and lectures facilitating self-learning.
Schools, colleges, and universities indulge in monetary transactions with parents, banks, and students for their fees, processing payments, scholarships, exam fee, etc. Education systems have now started collaborating with Blockchain Development companies like RWaltz to make this process smoother.
In 2014, King’s College in New York started accepting cryptocurrency for student fees. By the end of this decade, we will surely find more and more education institutions accepting cryptos for fee processing.
Hopefully, you have understood the applications of Blockchain Technology in the Education sector. Schools and colleges are integrating Blockchain solutions to ensure transparency with student record management, enhanced the learning experience through seamless teacher-student interaction, prevent certificate faking and eliminate long processes and heavy paperwork.
Looking for a reliable Blockchain Development Company? You are at the right place! Just scroll to our Enterprise Blockchain Development Services and request a consultation from us right away!
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