The Importance of Education in Blockchain Technology
and why a Marketplace to Decentralize Education is Essential
Many innovations have recently come out of blockchain technology. Solutions to problems caused by outdated methods and beliefs have been presented for a variety of industries and services. Among all the new ideas being tested, one of the most promising and exciting areas for future innovation is in education. While E-Learning platforms and related ideas have progressively been making their way into education, there are now new blockchain-based solutions being presented, and the question is how they can be used to improve the educational experience.
Students are now being educated in both formal and informal settings. The learning process no longer strictly takes place in a school classroom or a lecture hall. It is in the ‘informal’ areas that blockchain-powered models are given the opportunity to shine.
Blockchain innovations can greatly improve the educational process by simplifying the accreditation process and allowing for a more personalized learning experience, while improving on verification and security measures.
Decentralized education platforms are at the heart of what blockchain has to offer. Decentralized blockchain platforms are maintained by consensus rather than central authority, creating a peer-to-peer learning experience, while maintaining standardized assessment and accreditation across different platforms. This allows the next step in education, where educators and students communicate on a single platform, no matter where they live. They all use the same common cryptocurrency as the payment method. This form of decentralized education provides a serious contrast to the centralized schooling methods used by large online educators, offering a revolutionary update to the way that we offer education and accreditation.
The verification of credentials and the proper accreditation of academic work are among the larger challenges facing traditional education models. Blockchain offers multiple solutions to these concerns. The process of validating educational credentials is not as easy as it sounds. Depending on what part of the world you are from, there may be many accreditation paths available, offered by different kinds of institutions. Verifying these credentials generally involves contacting the accrediting institution and going through a process that requires expert attention, and a set of regulations that varies across countries.
Blockchain offers a modern, decentralized solution that removes the need for all the unnecessary work for accreditation; a fully automated process that allows verification with just a few clicks, checking that the accreditation has been presented and is valid, ultimately making credentials more credible.
Another enormous problem in the academic world is accreditation of academic work. Copywrite challenges such as plagiarism and citation can be dealt with through blockchain. Authors can publish their work with copywrite protection, tracking citations and re-use. When the author’s work is cited, they can be rewarded with tokens or coins according to the amount of citation or re-use that their work receives. All of this can be managed with the use of existing blockchain and smart contract technology, offering greater transparency and simplicity, as well as security.
The innovations to education offered by a decentralized education marketplace should not be underestimated. There are many challenges and inefficiencies in the education and accreditation processes, and the blockchain solutions that have modernized efficiency and security in currency and security have enormous potential in the educational field.