Blockchain in EdTech can change the educational environment as it alters how students and teachers collaborate, manage academic records, and create new channels to access learning. Let’s examine the different ways blockchain is innovating EdTech.
Record Keeping
Traditionally Universities & Colleges owned and controlled student records which led to students relying on academic institutions to access and share their academic achievements & history. Blockchain aims to improve educational institution administration through record keeping, identity authentication, and some monetary transactions like school tuition fees. For example, the Blockchain Education Network uses blockchain as a vehicle to create wealth for communities. Student tuition payments are cumbersome, involving several parties, including students, parents, banks, and various university departments. However, blockchain can streamline this procedure, resulting in lower administrative expenditures.
Smart Contracts
Smart contracts on blockchains make educators’ jobs more manageable as there are lines of code programmed into a blockchain and executed automatically when certain conditions are met. Additionally, Blockchain can streamline verification procedures, saving educators and administrators time transferring students between states or schools. For example, an institution accepting a transfer student could use Blockchain to verify their record and the courses they took with a few simple clicks. Smart contracts will also enable students to quickly access their records and securely share them with future employers, which lessens the strain on employers. After all, they no longer need to do time-consuming background checks to authenticate the candidates’ accomplishments.
Store Important Data
Blockchain allows for the secure storage of electronic course materials & important data; this will change how data is stored because institutions may use hard drives/ USB sticks, which can be compromised. Blockchain information storage is within a highly secure encrypted format where each data is verified across nodes for consistency and manipulation. Moreover, Blockchain prevents cybersecurity threats like fraud and hacking from impacting sensitive student data such as examination grades & course completion certificates.
Promoting a Paperless System
Most of the work done in an educational institution uses paper; blockchain can transform this process into a simplified paperless system. Blockchain technology creates a chronological record of current events, supporting the digital use of student report cards, attendance tracking & notifying pupils and stakeholders of their progress. Students can also turn in assignments using blockchain without the fear of misplacing or damaging them and receive their degrees digitally rather than on fragile paper. Digital degrees and certificates are preferable because they are hassle-free.
Why Storm6?
At Storm6, we work with the most disruptive EdTech companies globally. If you’re an EdTech using Blockchain technology, we can help you to grow your team; we have a huge database of candidates ready for you to connect with. Get in touch with us to schedule a confidential conversation.
