- A digital database or a distributed ledger.
- Blockchain has several uses in the education sector, like record keeping and e-transcript.
- It helps store the data to shore in different blocks; as the data increases, the unions also increase.
Blockchain is a digital database or a distributed ledger among peer-to-peer network nodes. It is used to record transactions across many computers so that the records cannot be altered. It was invented by Satoshi Nakamoto in 2008 and served as a public transaction ledger of ht cryptocurrency Bitcoin, which was the first digital currency to solve the double spending problem without the central server’s involvement.
It is an asset that can be tangible or intangible both. Anything of value can be traded virtually on a blockchain network by reducing the risk and cutting costs. It is largely confined to using it to record cryptocurrency transactions such as Bitcoin.
Blockchain in education
Blockchain has several uses in education, record keeping, and e-transcript. It benefits the education system by allowing them to secure students’ data. Also allows them to keep records of awards, certificates, academic identities, etc.
Record -keeping
blockchain technology holds the promise of long-overdue changes to record-keeping practices. It is a diverse set of educational documents. It enables students and learners to access and keep it secure simultaneously quickly.
E-transcript
comes along with the simplicity of verification. To ensure correctness, entries are manually checked. It goes through case-by-case inspection. Even in 2022, most schools use old techniques in sending and receiving transcripts.
Financing education-
in academic institutes, financial accounting is crucial, and blockchain technology can be used in education. It is used to manage teachers’ wages and student scholarships.
Although it is not easy for educators to adopt the leaves of blockchain technology, as it provides benefits, they are trying their best to embrace it. It is known as the most secure technology but differs from the sectors-to-sectors. Blockchain sometimes might not fit in the security parameters of education technology.
It helps store the records. As the data increases, the blocks also increase. The education institutes find it difficult to connect it to blockchain; it has ever-growing needs. They adopted blockchain technology during the pandemic duration. It has the potential to revolutionize the education sector.
Best education societies and institutes for blockchain technologies.
Following are some of the universities that provide the degree and Masters’s in the blockchain:-
The hongkong polytecnique University–
provided the Master’s courses full-time and halftime with, which is of one year and for
the part-time of two years gives it the code 61036.
The National University of Singapore –
provides the course with the name of FinTach: the Blockchain for Transformation with a duration of 3 months, which is also online with three live sessions with faculty. The University of Zurich, University of California- Berkeley, Cornell University.
The best university for Blockchain education is the University of Oxford, Stanford University, The Massachusetts Institution of Technology, the University of California- Berkeley, and Cornell University.