4 amazing ways in which blockchain can affect the educational system
The blockchain is the leading technology that is being used in the retail, banking, healthcare, stock market, and crypt market successfully. This technology is also being speculated to play a major role in changing the face of the educational system as it can effectively be used to create an excellent student learning experience. Here are the 4 amazing ways in which blockchain can affect the education system:
- Learning platforms as per the demand
With the use of blockchain, independent learning platforms can be created where the interaction between the student and teacher can take place during the coaching sessions. Without the use of any external control authorities, certain conditions like the duration, fees, and assignments can be agreed upon initially and recorded so that sheer transparency is maintained with regards to everything. This can effectively even reduce the overall costs due to the absence of any governing authority.
- A token system as a learning reward
This technology can be used to improve and change the teaching style to make it interesting for the students. Students can be encouraged to learn and study if they are rewarded for their performance in the form of digital tokens. These tokens can be stored with the use of the blockchain technology and can be later on used to redeem when the students want to go for higher studies in different universities.
- Global verification of academic credentials can be done
Verification of degrees of students is a tedious process these days which involved various processes and approaches. Blockchain national or international level certificate banks can be set up to solve the verification issue with blocks for each country. Decoding method can be used in this case for global recognition of this kind of digital certificate system. Know more about it on www.forbes.com
- Digital knowledge source
The essence of education can be retained with the setting up of digital knowledge banks where the teachers, entrepreneurs, various leaders students can share knowledge on diverse topics along with the learning experiences across different fields of study. Risk of losing such valuable data and information is negligible in the case of blockchain which makes it very efficient to bring about this kind of innovation in the education system.