3 Ways Blockchain Can Revolutionize Education

3 Ways Blockchain Can Revolutionize Education

Now that we’ve got the basics of the blockchain and decentralization out of the way, there are certain characteristics of the blockchain which can revolutionize education. These include:

1?—?Proof of Ownership
Proof of ownership
and proof of intellectual property is extremely easy to achieve using the blockchain, due to its immutable and transparent nature. Unfortunately, the centralized systems that exist today are vulnerable to weak provenance (“the place of origin or earliest known history of something”) and tampering. The blockchain offers exceptional provenance thus bringing protection to the content creator.

What does this mean for education?

  • Students will have the ability to easily prove that they were the original content creators.
  • Monetary reimbursement will be correctly attributed to the original creators.
  • Students will be able to own a transparent work portfolio which can be accessed by relevant parties with ease and confidence.
  • It will educate students of the importance of retaining control over their intellectual property, whilst also teaching autonomy and self-assuredness, in preparation for entering the working world.
  • Certificates could be stored on the blockchain. For example, institutions could have the ability to issue certificates on the blockchain, which students receive (on the blockchain) once acquired. This will make certification fraud impossible, whilst students will be able to prove acquisition of certificates transparently and verifiably.

2?—?Decentralized Information Sharing
The blockchain can bring down walls and barriers through decentralization. This promotes a new, revolutionary way of sharing information, which was not available until the advent of the decentralized blockchain.

What does this mean for education?

  • Global information sharing becomes much easier. Whereas in the past, global knowledge sharing was hard to achieve, with the blockchain, this is no longer an issue. Knowledge can now easily flow across the globe with no central parties being involved which can restrict access.
  • It helps future generations achieve a higher level of education as knowledge is now broader, more accessible and cheaper to obtain.
  • As a whole, our society will reap the benefits across all sectors & disciplines, as an after-affect from the evolution of knowledge.

3?—?Tokenized Economy
One of the biggest applications of blockchain today are cryptocurrencies. Cryptocurrencies “are digital assets designed to work as a medium of exchange to secure financial transactions”. Therefore, whole economies can now be tokenized using cryptocurrencies, including the student economy.

What does this mean for education?

  • Education platforms, acting as middle-men, often take a significant cut in the form of fees. With a tokenized economy, middle-men will no longer be required. Students will therefore earn more for sharing their knowledge. This could potentially help alleviate the looming crisis of student debt in the future.
  • These platforms very often have geographical entry barriers. This will no longer be an issue and will unshackle students in developing countries to earn more than what they would previously.
  • The currency conversion fees that often banks impose, which can be a burden, especially for students, would be eliminated.
  • A tokenized economy could ‘gamify’ education and motivate students further, by implementing ‘learning is earning’. As students complete certain tasks, cryptocurrency can be rewarded. This can be then exchanged for other educational material and/or even be exchanged for FIAT currencies.

Posted by Web Monkey