Blockchain: The New Future of Education
Technology is being developed and improved at an exponential speed, and the rise of blockchain technology is a perfect example of its rapid progress. Alongside its growth are industries learning to keep up with the modern society’s pace, which includes institutions of higher education.
Most establishments are deeply rooted into its rich history and each curriculum is built on a cemented sense of tradition. However, blockchain is the new kid on the block that is redefining the experience of learning for people around the globe. While it started from financial purposes and the transparency of these transactions, it has grown to cater to diverse industries like education. While this doesn’t necessarily suggest that people should turn back on the system’s practices, new ways aim to improve it by setting one’s sight set on the current needs of students.
Education is, after all, a multi-faceted discipline that seeks to develop individuals in a holistic and integrated way. In that manner, the purpose of decentralized LOL ecosystem facilitated by European International University shifts the entire educational program. By going beyond books and borders, the intent is to provide access to people no matter their location and limitations on money. Moreover, it differs from most content-centric blockchain projects by covering academic institutions, e-learning platforms, independent education advisors, corporate learning and the likes integrated in a self-paced learning. Part of its benefits are:
· Recordkeeping. EIU.AC’s LOL system boasts of a platform that uses blockchain to secure and share student records. With it, credentials can be transparent and secured in a permanent way, one that is also easily accessible by its rightful owners.
· Lower Costs of Issuance, Validation or Re-validation of Certificates and Degrees. By using blockchain technology, it removes the thorny process of issuing certificates. In turn, it also prevents people from creating fake documentations, while providing them the ease of online transfer of data to whoever needs it.
· Quality Learning Experience Through Online Platforms. When it comes to learning, different strokes work best for different folks. However, the accessibility of education is now made as easy as ABC with the rise of online platforms as students from all over the world can approach it in a way that is efficient and focused to their requirements.
· Claim and Achievement Incentive Mechanism. In addition to a higher quality of teaching, certificate attestation and the likes, students are offered incentives to encourage optimum behavior and performance in their studies. Other than grades, LOL coins can be rewarded to outstanding students and professors as part of the digital fruits of their labor.
In hindsight, participating in EIU.AC’s LOL ecosystem means being part of the growth of a greater access to extra-curricular education. With it, society can float in a greater talent pool that can showcase diverse qualifications for career advancement and self-improvement. Indeed, it takes a substantial part in shaping the future of education.
