Education is an imperial part of everyone’s life as it helps them grow further. Without education, perhaps a person does not have any prospects because no job is available without education. So, you are pretty determined to know that education forms a person’s future; therefore, it needs to be given to anyone in the best manner possible. But, along with time, the education system that we have been using for years is outdated. It has been a prominent reason behind the failure of people to possess a lot of education and study further through the bitphone. Also, the cost of education is relatively higher nowadays, further making people drop out of school due to a lack of finances. So, a technology that needs to be implemented in the education department is blockchain, as it can deliver significant advantages to the system.
Blockchain has been the central pillar in cryptocurrencies and many other industries worldwide. Education is the only one refraining from entering the world of cryptocurrencies and looking because it believes there is no use case for blockchain. But, it is imperial to understand that Blockchain technology has a lot of things to offer to the education department. With the increasing technological requirement in the study department, there is much room for Blockchain technology to provide its services. It is further going to initiate the education system to make more progress. So, it is evident that blockchain can transform the education department and how it can be done or explained in this post. Also, the advantages will be uncovered here to understand how it will benefit the education department.
Benefits to Students
Storing data and personal achievements is crucial for a student’s life. Whenever a person studies in an institution, he gets some academic achievements, which need to be stored. Apart from that, sharing makes a person good at school, which needs to be done best. Blockchain allows the people to do this with high security and safety of everything they want to store. Historically, institutions like colleges and schools controlled everything for keeping student records and achievements. But, there are plenty of flaws in it.
These laws are necessary to be eliminated now. When the records and achievements of a student Physically are capable of being destroyed and lost. But, Blockchain technology will allow the control into the hands of the student, and apart from that, better security of the data is ensured. Moreover, the students also have to pay fees to access their data from the institutions, which has been an important problem for years. Some multinational institutions are now adopting blockchain to provide the control of data in the hands of students so that they can get access to it at any time.
Benefits to Institutions
Institutions also form an essential part of education worldwide. However, giving away diplomas can be hard and consume time. The verification process for higher education institutions’ diplomas consumes time and money, which can be prevented with the help of blockchain. Recently, a study has been conducted at the University of Rome, and it shows that verifying the diploma of 19,000 students may cost more than $20,000 annually. Apart from that, it requires 30 weeks of work. So, with the implementation of blockchain, the verification of a diploma can be done through the student’s academic records, and the process will be faster than before.
Benefits to Employers
On the other hand, employers are also somehow connected to the education industry of the world because they have to hire graduates from the colleges themselves. Nowadays, many multinational organisations are looking forward to picking up students from their college diplomas to get the best quality work. But, there is a requirement for a digital link between the institutions and the employers so that they can pick up better resources from the colleges. But, with the traditional system, the digital link is missing and apart from that, the security of data is not ensured. By using the blockchain, the employers can get accurately correct students’ data according to their academic performance and then hire the skills and knowledge required at the workplace according to their field.