Blockchain though in its initial stages of development is predicted to top $2 billion in a span of three years. We’re living in an era of super-smart intelligent machines, rather now our future lies in being more human and less like a machine. Well, this is how the consequences of this inevitable rise of technologies are getting engraved in our daily lives.
Talking of technology, blockchain is already becoming an integral part of our lives and schools all over the globe today. Well, smart classrooms will not be far away, bringing a change to the administrators and students, etc.
Blockchain technology is already revolutionizing sectors like NGOs and government to help create customer trust, reducing transactional costs, and cutting down on counterfeit goods to reach the emerging markets. Although these sectors have already started using this technology in varied ways, it is still a challenge to acquire these skills and compete in this fast-paced work environment.
Upwork, one of the world’s largest freelancing website has ranked blockchain to be the hottest technology in their quarterly skills index. Though there has been a limbering down of cryptocurrency, there has been no change in the demand for job skills in the blockchain industry. Blockchain is needed not only in technology companies but is required in real estate, banks, the non-profits, and in the education sector as well.
Early bird in the field of education initiatives
Recent research says that 42% of the top 50 universities across the globe have initiated to offer at least one course on the topics cryptocurrency and blockchain technology.
Education, on the other hand, is just as equal and important as the real estate or healthcare sector is today. There is a lot of domain that this technology could be improved in the education field. The potential of this technology has extended far beyond its current applications and can make a huge difference in the education sector one day.
By 2020, the edtech sector is set to reach $93.76 billion globally and it already seems with tools and technologies like virtual reality and artificial intelligence improving learning outcomes for students at every level.
Though it is still far off, how will blockchain pave a way in the education sector?
Security concerns and degree validation on campuses
When it comes to breaches, the education sector isn’t far off from the banking and the healthcare sector. Besides these two sectors, next comes the education sector that has experienced huge data breaches making up to 13% breaches in the year 2017.
Several settings such as preparation of tests and learning. A Russian platform called Disciplina is the first of its kind to be dedicated solely for education and recruiting. TeachMePlease, an app is used for the higher education marketplace for teachers and students to gather together. Other settings include a library, information services, and transportation.
Pave way for better data security
It is quite obvious for people to stay scared about their data being breached. In most cases, parents are protective of their child’s data. Schools have now taken data breach seriously as data can be easily collected through different sources. Schools can now easily use blockchain in safeguarding students’ data.
The blockchain space is moving rapidly. If you’re looking for a faster transition, blockchain certification is ideal to stay prepared for the careers of tomorrow.
In the future, the industry must embracesuch change rather than shying away from them. There is no doubt that there will be immense benefit the education sector will gain from the blockchain. It is still in its initial stage, thus there might be a lot of questions that will require certain answers. However, the possibilities of disruption in the education sector are endless.