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July 2023
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Blockchain has been around for a while now and many big companies across different industries have incorporated this technology in their systems to maximize their efficiencies. The education sector is not far behind when it comes to the adoption of blockchain technology for a variety of applications involved.
There are many blockchain tech-based service providers that have come up with solutions to simplify various aspects of the education industry. ProofEasy is one such example where it provides a blockchain secure QR code generator to verify educational documents. However, blockchain technology is slowly and steadily also seeping into the higher-ed space and addressing some of the major challenges that it faces today. If you are interested in knowing how blockchain creates a better higher education space then continue to read this blog till the end. Improvement in student record keeping One of the most favorable use cases for blockchain technology in higher education is its ability to transform the “record keeping”. Student records include degrees, certificates and diplomas, digital credentials, etc. and keeping them all under the learner’s control. Blockchain with its decentralized mechanism offers better ownership of these records excluding the need for an intermediary to verify them. Blockchain has also been considered to be utilized for accreditation of educational institutions which is a complex process in many countries. This can help to verify quality or qualification to teach. But that’s not all, this technology’s ability to improve record keeping also makes it a viable solution for addressing intellectual property (IP) management challenges. For instance, with the use of blockchain, users can determine whether an idea or invention is unique or for registering IP assets, copyright and patents. Development of a new market for digital assets The procedure to process student payments can be labor-intensive. Since it may involve the student, parents, financial institutions, scholarship-granting agencies, governments and educational institutions. This makes the entire procedure very complicated which might also extend the time to complete the transaction. However, blockchain can eliminate all the hassle by eliminating the intermediary parties. In the future, perhaps even custom cryptocurrencies could be used as a mode of student payments. In fact, there is an existing use case of this probable future as the King’s College in New York City in 2014 became the first accredited U.S. institution for accepting bitcoin as payment. Therefore, discarding charges involved for carrying out the credit card transaction. Minimize Certificate Frauds While digital certificates are slowly becoming popular, the challenge of authenticating these certificates diminishes the adoption rate of them. However, blockchain can come handy in creating safe space and reducing certificate frauds in the higher education system. A blockchain enabled interface can create an immutable platform. The certificates once uploaded in such an interface cannot be tampered with. ProofEasy is an example where it not just offers the patented blockchain secure interface but also develops a secure file sharing blockchain. It can be rightly assumed that blockchain technology has a significant potential in bringing disruptive transformation in the education world. As for now, there are several educational institutions that are testing and slowly adopting blockchain based solutions like the one offered by ProofEasy - a blockchain secure qr code generator.
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