Can blockchain modify the public education efforts to achieve its maximum efficiency?
Nov 29, 2017 Posted / 3283 Views
All through the last couple of years, companies along with governments all over the world have recognized that blockchain technology, the technology behind Bitcoin, holds enormous latency across an extensive range of industries. This stands for the main motivation why so many Bitcoin associated research programs are in progress in 2017.
Not in the times of yore, the executive section of the European Union completed a research project, therefore submitted a motivating report on how blockchain technology can be used in the educational area.
The report which is titled as the “Blockchain in Education,” talks about the disputes, advantages, efficiencies, risks as well as the viability of introducing the technology in universities and schools all through the European Union. At the beginning, the report talks about that “This exploratory study addresses the value. .blockchain may bring to stakeholders within the educational sector, with a particular focus on its potential for digital accreditation of personal and academic learning.”
The report comprises of a total of eight diverse possible use cases of the technology in the education industry. These use cases contain a digital certification, payment transactions, the transfer of university credits, and accreditation. For example, in the case of university credits, the distributed ledger technology would be a vast way of tracking how many credits each student has, plus an even better method of securely transferring credits, depending on the courses that a student takes in their university term.
A teacher credentialing/certification/re-certification: Certain issues with tracking teacher background checks you could deal with that.
Administration and tracking of school assets (E.g. property, textbooks buses, furniture, library books/journals, and technology): Schools misplace track of things most of the time. If you want to push this use case out, even more, school assets on an education blockchain could even be insured by means of smart contracts.
Managing of student privacy and parental opt-in/opt-out permissions: Given efforts to administer identity on the blockchain, it is believable that such a system could provide parents (in addition to the students themselves, when they are of age or as suitable) with much more fine-grained power of whom and under what circumstances their information is shared (and only what is necessary to share).
Managing exceptional education/school lunch/attendance records: Each of these issues engages a huge amount of paperwork that passes through many hands, that begs to be efficient and made well-organized.
Sharing of federal/state programmatic funds or private grants:
The advantages of distributing funds this way are that they would be with no trouble and without delay auditable and might permit funders to target their support to needy populations directly with a much slimmed down bureaucracy.
Distribution as well as payment of student loans: Including support for a variety of repayment schemes by means of smart contracts.
There are dozens of big thoughts to follow for education blockchains that would hand out to make educational institutions more apparent, more well-organized, and more approachable.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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