Can Blockchain Technology help the Education sector?

After the introduction of cryptocurrency and crypto exchanges across the globe, Blockchain technology has become quite a popular piece of technology. As per the Best Blockchain development company, for working on decentralized ledgers Blockchain is secure and apart from cryptocurrency trading it is now adopted by different sectors, one of them is the education sector.

What is Blockchain, and can it impact the education sector?

Yes, Blockchain can impact the education sector as it is an evolutionary technology working on Distributed Ledger Technology (DLT) which allows storage of information in blocks that are coupled together to form a chain of information. Information stored in the blocks remains secure as the exact copy of every block is available to each of the multiple computers or the users joined together in the network. Being a decentralized piece of technology, the information fed into the network is fraud-proof, transparent, and credible.                  

For many years Blockchain has powered Cryptocurrency exchange development, and now with many benefits, it is being adopted by the education sector as well. This remarkable technology can provide an excellent framework in terms of managing student records; ranging from day-to-day information such as assignments, attendance and extracurricular activities, and several others.

As depicted by the Best Blockchain development company, there are certain ways through which Blockchain technology can help the learning institutions, and some of them can be shared –

·         Verification of student records: when it comes to record-keeping, this technology is the number one, and can help the educational institutes maintain records in a secure and efficient manner. Record keeping of certificates and student credentials are best done using blockchain technology and there is no requirement of an intermediary in the process.

·         Course evaluation: The smart contracts that are based on Blockchain technology can be used to aid course evaluation. For this, different forms of smart contracts can be customized which can help outline the list of tasks required for completion of courses in the institute. On successful completion of courses, students can be awarded credits as well.

·                  Reduction of frauds: There have been many instances where many documents are manipulated and fake academic papers have been used as well. But with the implementation of Blockchain in the process this type of documentation fraud can be avoided. Once the records are stored in the ledgers, permission will be required to make any changes, which is not allowed when blockchain protocol is applied.

·                Conduction of exams: With the global pandemic due to Covid-19, the education sector had suffered a lot in terms of conducting semester exams. Using smart contracts semester exams can be conducted seamlessly and examiners can create exam papers along with the answer key and scoring pattern and conduct the exam digitally.  

With so much on offer, Blockchain Technology is here stay and it will evolve further with Blockchain development in Kolkata and across the globe. Today the education sector is witnessing a huge benefit and also it is important to have such a technology to tackle the issues of testified learning. The above-mentioned advantage is just the tip of the iceberg as Blockchain has the potential to impact the education sector in times to come.