What Role Is Blockchain Playing in The Education Sector?

Blockchain is the technology that developed with the creation of Bitcoin, which hides behind other crypto-currencies and allows its decentralization. We consider the Blockchain as the new Internet and cryptocurrencies as an element of it. In other words, if the cryptocurrencies did not succeed, the Blockchain would do it.

What Role Is Blockchain Playing in The Education Sector?

The Blockchain allows for the first time in history to make transactions without trusting the other party. We can trade with people we do not know without intermediaries such as banks or companies such as Visa or Paypal, who today act as 'arbitrators', generating the confidence to trade money. In this way, we move from the Internet of information to the Internet of value, because the Blockchain allows this transmission of the value.

The Blockchain development of "bitcoin" can also offer benefits in the field of education. This is the result of a study by the Joint Research Center (JRC), the European Commission's internal scientific service, which examined the possible contribution of this system, considered "incorruptible", in areas such as training and certificates. Digital, either by using academic nominations or the protection of intellectual property.

Based on the analysis of a series of studies conducted in different European universities, the report confirms that the relationship between the "chain of chains" and education is at an embryonic stage while proposing a series of recommendations to encourage the development of this technology.

Researchers point out, in this sense, some of the benefits of record-keeping in the "Blockchain", where they remain once entered, which has potential applications in terms of the ability to guarantee courses and digital certificates, even if the institution ceases to function or a whole system of education collapses, as was the case in Syria.

Entries in "Blockchain" can be verified with a simple "mouse click". This significantly reduces the workload of the two students, who would have ended the paper copy of certificates or procedures to request a course in educational institutions and would have the opportunity to instantly check individual or organizational references.

On the other hand, there would be "smart contracts", adds the report, in which agreements could be automatically concluded when certain conditions are met. Thus, a student will receive financial assistance only if he has presented the compulsory work of the course. The author of a publication that enters the "Blockchain" would benefit from an automatic recognition or even a payment for appointments.

With so little time to use this technology and that is already causing a revolution in many social and economic fields, it is legitimate that we ask ourselves the question: what applications can the Blockchain have in virtual education before to hire Blockchain Consultant?

Here are some applications that, in the future, and some cases are already presented, that the Blockchain may have in the field of virtual education:

1. Diplomas and certificates: the academic record of the students containing the grades, diplomas, and titles obtained is protected. This information is available in the Blockchain is out of danger in case the institution loses these files. It also enhances security so diplomas are not changed. Another option is the issuance of certifications via the Blockchain.

2. Security in archives: in virtual education, theft or plagiarism of investigations or projects is sometimes presented by those who try to present a new one. Also, documents or files prepared by students and institutions will be safe with this technology, to prevent theft in both cases and the falsification of digital signatures.

3. Reliable Transactions: With the Blockchain, it is very convenient to manage economic transactions with institutions or online study centers. Also check the credibility of online institutions, avoiding "falling into the trap" of these fraudulent networks.

4. Accreditation of credentials: It focuses on interpersonal skills and can be obtained through peer-to-peer processes, better known as P2P. It is based on the fact that the students with whom the projects are carried out can give references to their peers, certifying certain skills developed during group learning. What you get is called "open badge", able to support the knowledge and skills acquired during the course or virtual learning.

In addition to applications in the education sector, the report also mentions employment benefits related to the ability to provide a service to verify the accuracy of information provided by job applicants (training, skills, and experience) and to reduce the risks associated with employment. the time spent by recruiters to verify these data as well as the ability to automate agreements, payments or taxes, among other functions.

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