Blockchain technology has been explored to benefit and enhance existing systems across different sectors and fields, and the transition to blockchain systems can bring significant enhancements, providing faster and more secure systems, with many additional benefits.
There have been some attempts to enhance the space we are discussing today through private blockchains launched around the educational aspects of earning and learning cryptocurrency.
Focusing on the implementation of blockchain technology and the benefits it could bring to the mainstream education system, we will examine how to build stronger and more secure systems and methods to ensure that every student gets a fair shake in their educational journey.
There have been many reports regarding the quality and legitimacy of teachers’ educational backgrounds, which can be a barrier to ensuring the right people are matched with the right jobs. Implementing blockchain technology could offer a way to close the current skills gap.
So, bear with us as we explore the benefits of blockchain technology in the education system.
Certificate Verification
Over the years there have been many high profile cases of forged education credentials resulting in people impersonating teachers and gaining employment in schools. While this move may sound commonplace and will make the schools look bad where it occurs. The potential danger this poses to our children is very concerning as the requirement to screen employees prior to employment to ensure the person being hired is not a predator still seems to be flawed.
Additionally, the ability to store and verify student credentials is another process fraught with issues, with documents becoming more difficult to verify over time.
Enabling blockchain to store and verify these documents provides a method of consensus, with the added benefit that as people learn more and gain more skills, they can add it to their profile, accessible in the same way a wallet accesses the blockchain.
This also enables students to retain their skills and qualifications over time and simplifies the employment process as information can be easily shared with and verified by future employers. Utilizing blockchain technology also makes it more difficult to tamper with information as any changes require approval from the consensus network. Combating those who try to deceive the education system into believing they are teachers.
Tamper-resistant product portfolio
The added benefit of having a tamper-proof portfolio can greatly increase the likelihood of being a top student. In order to gain an upper hand in employment, employers are always on the lookout for the best employees. This requires employees to frequently list accomplishments and achievements on their resumes as well as any awards and recognitions they have received over the years.
This is again affected by time itself, as fraudsters can forge awards and certificates, and as the workforce becomes globalized, this becomes more difficult to police. Employers implementing blockchain technology could potentially add recommendations and recognition to any awards their employees, students, or contractors have received, providing a consensus method to verify their employment history.
Students have complete control over who has access to these records and information, are able to share them with those they need to, and have a secure storage location rather than a USB or paper document that could get damaged, destroyed, or lost.
While references provide feedback in the present, this can also be a time-limited affair as people often move on from positions, retirement and age also take us away. This can cause great employees to lose the ability to prove their strengths and showcase wins.
Data sovereignty
A relatively new term you may have started hearing is data sovereignty, which is becoming increasingly important and is behind many platforms that use people’s information to market products to them based on their opinions, preferences, purchases, and even listening to their conversations.
This drives the need for data sovereignty and implementing blockchain approaches in education can further enable data sovereignty by limiting who has access to someone’s personal history and provide less worry when it comes to data breaches and data theft.
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Note: All content represents the author's personal views only, is not investment advice, and should not be construed in any way as tax, accounting, legal, business, financial or regulatory advice. Before making any investment decision, you should seek independent legal and financial advice, including advice on tax consequences.
