4 Impacts Blockchain Has On Education

As the education process gets more diversified and democratized, we need new ways of producing great students, new programs and improve our ways of learning. The blockchain technology can help us in this process. This technology can be implemented in every type of education and level of education. Let’s see how.

1. Easy Credit Transfer

The most common problem students run into are credit transfers. Many of the students when wanting to start in a new institution, often those institutions don’t accept the credits from the previous one. This way students need to repeat courses, retake classes in order to get the full qualification. With the blockchain technology, communication between institutions, contracts, and agreements can be written as smart contracts and the credits can be automatically transferred.

2. Knowledge is Forever

With this technology, students can save and store their diplomas, certificates, acknowledgments you name it, directly on the blockchain. They can share it with whomever they want. Also, this is great for creating an instant CV since you already have all the education data. It will be much simpler to share it with employers so they can easily see your qualifications.
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This way, you will be able to record all the learning during your lifetime.

3. Better Educational Content

Educators can publish useful content on the blockchain and also check how many times it was read, downloaded and used. This gives the educators a better insight on what students like to read the most and thus improve the entire educational process. This way, professors, and teachers can focus on which better materials to use. Also, they will get rewarded according to how much their material will be used.

4. Payment

Students can pay their education with cryptocurrencies. This makes it easier for international students to pay all their expenses.  There are a few universities that implement this technology and enjoy its benefits.