Blockchain In The Education System: Fantasy Or New Reality?

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Alexander Belov   Contributor

Blockchain In The Education System: Fantasy Or New Reality?

Thanks to the advent of cryptocurrencies, the world has not only received a universal means for payments but also learned about blockchain technology. When it comes to working with data, blockchain has offered unprecedented functionality that can revolutionize in many directions.

Financiers were the first to appreciate the benefits of blockchain. Payment systems using decentralized technology are becoming very popular. Such projects eliminate the need for intermediaries, simplify, and reduce the cost of processes for users. In addition, blockchain can be extremely useful for working with various documents, confidential information, and personal data. This is made possible by the unprecedented level of protection of the decentralized networks from hacker interference.

However, one of the most promising areas of blockchain technology application is education and social media. Especially in our time, when people try to communicate less with society and stay at home more often.

There are a lot of options for using blockchain by the education system. Among them:

  • Storage of documentation;
  • Issuance of diplomas;
  • Authorization and authentication systems;
  • Points accrual;
  • Creation of online platforms;
  • Creation of ecosystems for students and educational institutions.

In addition, the global adoption of the blockchain by the educational system will allow the whole world to use the same standards. This would solve many problems, ranging from the educational level of students in third world countries to the general standards for diplomas. This, in turn, will make it easier for students to get a job in other countries.

The creation of a common register, which contains data about students, would allow employers to more effectively search for employees, including for specific positions that require rare knowledge and skills. This can regulate the balance between supply and demand in the labor market. Students, professionals and employers would see the real situation. This approach can solve problems when there are too many people out of work. Or, on the contrary, when employers are ready to “fight” for a student of a rare, “unpopular” profession among young people.

By the way, a common registry accessible from anywhere in the world would solve the problem with fake diplomas. There are often cases when even now the personnel department mistakenly accepts a fake diploma from a candidate for a job. The damage created in the industry is huge. This direction of blockchain application is really relevant, because even representatives of the Massachusetts Institute of Technology (MIT) or Accubits technologies with its Accucert project worked on its development.

But blockchain can be very relevant not only in the future but also for improving the quality of life and education of students now. Using blockchain, you can create an ecosystem for students, within which they can access information, teaching materials, discussions, and more. Such a network, to which everyone has access, could provide educational opportunities even for people in poor countries. And in this direction, there are already the first results.

Members of the student organization IEEE (Institute of Electrical and Electronics Engineers) from Kerala India have expressed interest in the idea of developing a new concept to connect students to business through specific projects and new structures. And the implementation of the project, which should make life easier for students, will be handled by Atromg8.

AtromG8 is a multi-blockchain landscape based on the innovative MixNet 5.0. The developers have created a convenient platform for communication, information exchange, coworking and transactions between users. At the moment, one of the main activities of the company is the development of the educational industry, providing opportunities to learn for everyone, regardless of nationality, gender, age and social status.

Students are the most active audience on social media due to their age and interests. Overall, over 98% of students use social media. More than a quarter of them spend at least 6 hours a day on social media. In addition, over 86% of students believe that educational institutions should pay significant attention to their representation at such sites.

A number of commercial companies and educational institutions around the world are already joining Atromg8 initiatives and data protection plan. Among them are Accubits Technologies, Instituto Brasileiro de Desenvolvimento de Relações Empresariais Internacionais (IBREI) from Brazil, Biotai, Evodigitale, as well as dozens of respected people from government and well-known technology companies.

Conclusions

The demand for blockchain among representatives of the educational sphere and people interested in its development is growing. Society sees great advantages of blockchain, which can be a solution to many serious problems of the modern education system (which cannot always provide relevant training programs, which sometimes become outdated even before graduates receive their degrees). This is not even to mention the inaccessibility of education for vulnerable groups of society.

And the creation of the ecosystem that we talked about could help solve even the problem of unemployment. I hope that in modern countries that are increasingly trying to take care of social factors, the well-being of citizens, and their security, such initiatives will be very popular. Moreover, many blockchain companies are ready to offer their assistance in this direction.

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Alexander Belov   Contributor

Alexander Belov is a writer specialized in Blockchain and decentralized finance field. In 2020 he was included in the list of the top 30 most Influential People In Blockchain Industry by Hackernoon.