HOW WILL BLOCKCHAIN TRANSFORM THE EDUCATION SYSTEM? Posted on : Feb 01 - 2019

Bitcoin is the most well-known virtual currency in the world, at one time reaching a value of over $19,000 per coin. Its biggest legacy, however, has nothing to do with its value, but with the type of network it uses.

The blockchain, which has gained fame over the last few years for its superior cybersecurity capabilities, has begun to see use in a number of industries that take security seriously, including finance and healthcare. The potential uses for the blockchain, however, extend far beyond its current applications and could make a big difference in classrooms one day.

Education is a sector that is just as important as healthcare and finance, and there are lots of areas within this sector that could be improved using technology. The market for edtech is growing quickly, and is estimated to reach $93.76 billion globally by 2020. Already, tools like virtual reality and personalized learning with artificial intelligence are helping to improve learning outcomes for students at all levels.

Smart classrooms aren’t too far off, and blockchain technology may become an integral part of schools all over the globe in a few years. But how will this system help administrators and students? To understand the potential impact of blockchain in the education system and predict how this technology will impact teachers and students, it’s helpful to know how other sectors have used it to improve their processes—and how schools might one day follow in their footsteps.

Banks and Hospitals Paving the Way for Better School Security

Globally, people are understandably worried about their privacy and the security of their data. Parents are especially protective of their children’s data, and schools have to take the threat of data breaches seriously as online records become more common every year.

Schools can follow the lead of industries like finance and healthcare and use the blockchain to help keep student data safe in the coming years. View More