Blockchain is a term commonly associated with cryptocurrencies and hence tends to get misunderstood. For some, it is a synonym for digital currencies; as such, when they think blockchain, they think crypto. While these people are not entirely wrong with their thoughts, they are not entirely objective either. Yes, the blockchain powers crypto activities, but that’s not all there is to the working of the blockchain; there is more.

Still, those who understand the technology are well aware of its potential benefits to all sectors of the economy and facets of our daily lives. They know that the transparency offered by blockchain is useful in the sports, entertainment, and education sector as it is in the cryptocurrency market.

You can use Bitcoin calculator, or any other cryptocurrency with such convenience because of its decentralized nature that provides trust, security, and transparency. With these features, it is no surprise that the technology has been embraced across many industries, most notably the financial sector for buying Bitcoin and Ethereum.

However, in recent times, an industry where blockchain has started making its mark is education. Though it's still in its infancy, it promises many upgrades and advantages. This article aims to help you understand how teachers, students, and everyone in academia can benefit from it and the scale to which it can develop in the next few years. With these in mind, let’s get to know blockchain in education.

How Possible Is it to Integrate Blockchain in Education?

By design, blockchain can easily be applied in the educational sector in several aspects. First, let's start with blockchain technology's main characteristic: the security it provides for cryptocurrency platforms. That security can also store important student information such as medical records, examination records, and even certificates. For teachers, it can provide a system of vetting allowing only the best teachers to provide services on educational platforms.

Blockchain can also be used for its financial value already provided through cryptocurrency for transactions. Students can be directed to make payments with cryptocurrency for convenience and security. Learning establishments do not have to worry about the fast pace of the technology world. Instead, they can allow for a system of payment that favors those with fiat currencies and cryptocurrency. More financial opportunities for these learning institutions and more flexibility for students who are crypto enthusiasts.

Lastly, it is also very possible to integrate blockchain to issue diplomas and other certifications. This can provide a convenient process and ensure the easy verification of students' academic records in institutions. With all these, it is easy to see why many experts call for its use in institutions.

How Blockchain Technology Can Improve the Education Sector

As earlier mentioned, the major advantage of utilizing blockchain in education would be data security. Under this feature alone, blockchain technology offers many aspects for improvements that can be leveraged by many in the educational sector. With all the features this technology has to offer, here are some ways blockchain can improve education.

Record Security

Keeping student records is one of the most essential activities carried out by every institution. It is prone to tampering, theft, or deletion, though digitized. Blockchain technology can ensure total security while also being used to issue transcripts or update grades. It can also provide a platform that can allow students to assess their records privately and securely.

Accreditation and Verification

With blockchain, the recordkeeping of certificates and students' credentials is taken to a new level in academic institutions. The use of intermediaries in verifying degrees, diplomas, or certificates will be a thing of the past. With blockchain technology, certificates can be issued and verified in minutes, and the quality of education offered by an institution can also be accessed with relative ease.

Information Storage

Blockchain technology excels at information storage in a safe and transparent system. Blockchain-based cloud services can keep necessary information like regulatory documents, curricula, and other important institutional records.

Digital Examination

With the COVID-19 pandemic, much online learning was adopted in institutions worldwide. Institutions started looking beyond classrooms and exploring digital processes for teaching, delivering information, and student evaluation.

Instructors can create examinations with a unique scoring pattern and a key for detecting correct answers using blockchain technology. This will enable students to take digital examinations and be graded using blockchain responses.

Record Transfer

When students transfer from one institution to another, a student record can be provided to another institution by accessing the blockchain. This access can cover many vital aspects of student information like grades, medical records, and personal information. As such, students no longer have to manage the issues compounded by location when they can access this information on blockchain.

Where Can Students Benefit from Blockchain?

Blockchain can provide students with secure access to their records, completely controlling their academic identity. This provides accuracy in their credentials and makes it easier to create resumes during job hunting.

Students can also benefit from blockchain by managing their academic achievements. It can also allow them to record and share academic history and achievements when and where they choose.

There are many upgrades blockchain technology can provide to the education sector like it can to XRP and other coins. With gradual implementation, various institutional processes and student transactions can become more safe, transparent, and easily accessible. Blockchain technology is here to stay, and it is only a matter of time before it is a major part of every sector of our economy, especially the educational sector.