Blockchain in Education – Top use cases and potential pitfalls that businesses must know

Just like the other new technologies emerging quickly, such as artificial intelligence and extended reality, blockchain in education sector has brought new waves of change and introduced solutions formulated from different industries that go beyond its initial financial and cryptocurrency focus. 

Accessing credentials and academic records and the validation of transcripts were done by following a vague process in the traditional educational model that was posing challenges in its expansion and growth. These issues could be easily solved by blockchain-based software.

The main advantages blockchain brings are decentralized storage, the immutability of stored information, traceability, and transparency. The improvements that blockchain technology is making to education could provide opportunities for people from all backgrounds and nations. 

The features are undoubtedly innovative because they have so many potential applications in the field of education. Many public educational institutions are now thinking about implementing blockchain-based tools. If you deal with schools, being aware of this development will aid you in comprehending and suggesting ideas to help improve the system.

The use cases below will help you better comprehend the use of blockchain in education.

Use cases of blockchain in Education

Blockchains have the ability to create distinctive digital assets that validate the legitimacy of academic qualifications and certifications. There are other applications of blockchain in the education industry and employment sectors in addition to just credential verification. Let us take a look at those practical use cases:

1. Record-keeping

Blockchain technology holds the promise of long-overdue changes to record-keeping practices, which have traditionally been primarily unreliable.

A diverse set of educational documents, like diplomas, certificates, or credentials, that presently require validators can be verified and kept on file automatically by blockchain. Once the predefined parameters are satisfied, smart contracts powered by blockchain can handle all the work with instant, self-triggered approval of documents.

It enables students and learners to quickly access their records and securely share them with prospective employers. Additionally, it lessens the strain on employers because they no longer need to do laborious background checks to authenticate the applicant’s accomplishments. The good thing about it is that it stays intact regardless of external problems.

The process of storing and sharing information is depicted in the infographic above.

2. E-transcripts

Along with the simplicity of verification comes the amazing potential of E-transcripts. Producing transcripts is the academic institution’s most time-consuming and labor-intensive task all over the world.

To ensure correctness, each entry in a transcript needs to be manually checked. It requires case-by-case inspection and a mountain of paper records from high school to university. Even in 2022, the majority of schools still send and receive transcripts using old techniques like mail.

These processes might be readily made more efficient by distributed ledger technology and related solutions, which would also help reduce the number of fraudulent claims for unearned academic credits. 

Learn more at: https://appinventiv.com/blog/blockchain-in-education/