Why Blockchain Technology

The benefit of using blockchain in education is the security it provides to data and the ability to protect data even if a specific node is compromised. Here’s why you might choose blockchain over a standard database

Degrees, Report Cards, And Paperwork:

• Blockchain's immutable ledger technology creates a chronological record of current events. This can work well for displaying student transcripts, showing a comprehensive report card, tracking attendance, and notifying pupils and stakeholders of their progress.
•  Students can turn in assignments using blockchain without the fear of misplacing them. In addition, students can receive their degrees and diplomas digitally rather than on fragile paper.
• Digital degrees and certificates are preferable because they are hassle free, organized, and non-cumbersome.

Universal Access and Lower Cost:

• Blockchain technology can offer universal access to open educational resources like books, podcasts, and movies in the public domain, and are free to use and redistribute, in addition to supporting lifelong learning.
• Blockchain enables the affordable and secure sharing of these resources in a public network. Furthermore, students from remote areas can take courses and examinations digitally through blockchain, and educators can grade them on the blockchain itself.

Smart Contracts For Courses And Assignments:

• Smart contracts are often used on blockchains. This can aid educators in developing courses and lessons on a blockchain. After the necessary prerequisites are satisfied, the course will be automatically taught and can proceed at its own pace.
•  Students and teachers could sign a smart contract outlining the limitations of an assignment, as well as the due date and the grading deadline.

When you want to record secure transactions, especially between multiple partners:

• A traditional database may be good for recording simple transactions between two parties, but when things get more complicated, blockchain can reduce bottlenecks and simplify relationships.
• For example, shipping conglomerate Maersk is working with IBM to develop a private blockchain platform to connect its various partners and customers across the shipping industry. What’s more, the added security of a decentralised system makes blockchain ideal for transactions in general.

Where the data is in constant flux, but you want to keep a record of past actions:

• Blockchain is a better, safer way to record activity and keep data fresh, while maintaining a record of its history.
•  The data can’t be corrupted by anyone or accidentally deleted, and you benefit from both a historical trail of data, plus an instantly up-to-date record.