Four ways Blockchain, the technology behind Bitcoin, can change education

A new study highlights how blockchain technology can be a game-changer in education.

Four ways Blockchain, the technology behind Bitcoin, can change education
Bitcoin representation (Photo by Dan Kitwood/Getty Images). Rutgers University students. (Photo by Eduardo Munoz Alvarez/Getty Images)


A fascinating report highlights another potentially game-changing use for blockchain, the technology propelling cryptocurrencies like Bitcoin and Etherium that have taken the stock market by storm. Can blockchain transform education like it has the financial sector? 

The report comes from the European Commission's Joint Research Centre (JRC) - a science and knowledge service that has scientists conduct research to advise EU policy-makers. The JRC looked at case studies carried out at European Universities and came up with specific ways blockchain can impact education, a process the researchers themselves admit is in its “infancy”.

How does blockchain work? Like authors Don and Alex Tapscott from the Blockchain Research Institute explain, “the blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”   

This revolutionary distributed ledger technology for data management uses networks of nodes, with all data not stored in any single location but instead spread out between millions of computers at the same time. Basically, everyone in a community has a copy of the information and all community members validate updates collectively. The technology can create a self-checking network that is unprecedented in its transparency and cannot be corrupted. Imagine a world where there are no transaction errors and a highest degree of accountability exists. That utopia is the holy grail of blockchain.

Check out this helpful graphic from BlockGeeks for more on how blockchain works:

So how can you use this for something other than the hyper-fashionable cryptocurrency market? Here are the 4 ways blockchain can remake education, according to the JRC report:

1) Blockchain can help eliminate paper. Yes, those endless tree-killing boxes of files can go. Blockchain can securely and permanently store all records, issue reliable certificates and awards, transfer credits and keep track of learning achievements across a whole lifetime.

2) No need for a central authority to validate certificates. No need for the Ministry of Information. Your college won’t have to send you a copy of your transcript and prove to anyone you have your degree. No more fake doctors, with all diplomas been publicly available and verifiable.

Intellectual property management would also be simplified - the blockchain will track first publications and citations without requiring some supervising authority to do the heavy lifting. This can also help the author of the cited work to get paid automatically.

3) Educational institutions will save money. Since the people participating in the blockchain all have ownership and control over their own data, schools and colleges would “significantly reduce” the cost of data management as well as legal costs arising from liability issues.

4) Blockchain-based cryptocurrencies will simplify payment systems in institutions. Think not waiting for your financial aid to be approved and transferred - it could happen instantly as you apply. And custom cryptocurrencies may be created to fund grants and vouchers. 

To advance the cause of applying blockchain tech in education, the report recommends more investigation into the matter for specific cases, setting up an EU-wide label for “open” educational records, the formation of an expert committee and agreeing upon standards for how the technology will be employed.

If you’d like to see the full JRC report, you can check it out here.

--

U.S. Navy controls inventions that claim to change "fabric of reality"

Inventions with revolutionary potential made by a mysterious aerospace engineer for the U.S. Navy come to light.

U.S. Navy ships

Credit: Getty Images
Surprising Science
  • U.S. Navy holds patents for enigmatic inventions by aerospace engineer Dr. Salvatore Pais.
  • Pais came up with technology that can "engineer" reality, devising an ultrafast craft, a fusion reactor, and more.
  • While mostly theoretical at this point, the inventions could transform energy, space, and military sectors.
Keep reading Show less

There never was a male fertility crisis

A new study suggests that reports of the impending infertility of the human male are greatly exaggerated.

Sex & Relationships
  • A new review of a famous study on declining sperm counts finds several flaws.
  • The old report makes unfounded assumptions, has faulty data, and tends toward panic.
  • The new report does not rule out that sperm counts are going down, only that this could be quite normal.
Keep reading Show less

Over 40% of workers are considering quitting their jobs

A year of disruptions to work has contributed to mass burnout.

Mark Wilson/Getty Images
Politics & Current Affairs
  • Junior members of the workforce, including Generation Z, are facing digital burnout.
  • 41 percent of workers globally are thinking about handing in their notice, according to a new Microsoft survey.
  • A hybrid blend of in-person and remote work could help maintain a sense of balance – but bosses need to do more.
Keep reading Show less
Quantcast