We live in an era where technology governs every aspect of life. And the educational aspect is not unknown from this. And behind all these changes one of the major things is the blockchain. Among all others, Ethereum is one of those platforms that are bringing change. Ethereum Blockchain is shaping the educational sector. Here’s how Ethereum is one of the solutions for all major problems in the educational sector. Ethereum is a decentralized, open-source blockchain.
Some major problems faced by the education sector are administrative problems and the credential verification process. Ethereum brings transparency, security, and immutability to the transactions.
Ethereum is a very popular digital crypto. And many investors want to invest in this. It is all because of the following benefits. , Ethereum offers access to smart contracts, NFTs, DeFi, and many other applications. Also, you can buy Ethereum with a debit card, which makes the digital asset accessible to everyone.
Now you have an idea about the basics of Ethereum. It is time to discover its relationship with the educational field.
Table of Contents
Ethereum offers a transparent and secure record-keeping
Keeping and sharing records with the traditional paper method is very difficult. It is because this method is outdated. And consume a lot of time, energy, and manpower. Also, the chances of losing a document increase a lot. This all makes document verification a confusing process. Documents like diplomas, transcripts, and certificates need time to verify.
If you are working with Ethereum then you will not face any problems. Because it provides security, transparency, and immutability to the stored data. So this data will remain unchangeable. And easily accessible by Ethereum.
The benefit of using this is that the number of frauds will decrease. And the verification process will happen in no time without any errors. Ethereum also ensures that the power of the verification isn’t limited to one hand only. And the transparency between the educational institute and the student remains the same.
Blockchain technology in the educational sector can change a lot of different things:
- Security- It is one of the prime reasons to use this. Because Ethereum ensures that the data remains safe with no alteration.
- Transparency- Here the data will be accessible to every user. So the transparency in the work will remain the same.
- Immutability- It ensures that once the data is fed into Ethereum it will no longer be changed by anyone. And hence remain safe for a longer time.
The name of a famous global institute is on the list of using blockchain technology. One such institute is Holberton School, a software engineering institution. They issue certificates to the students with the help of this technology.
The role of Ethereum Blockchain in credential verification
Ethereum blockchain is helpful in credential verification, error-less verification processes, and combatting fraud. Here is how this technology can be used in the educational system.
Digitalization of credentials
It means that educational certificates like diplomas and badges can be produced through Ethereum. And these can be stored and managed with the help of blockchain technology.
Immutable record-keeping
Once you will store these credentials on Enthrerum, they will remain stored and no one will have access to change them. So this will ensure that no fraud will happen in the verification process. Hence large and important educational records will remain unaltered.
Verification
Certificate verification is a process from which every student goes. And when this process happens manually then lots of errors are faced from the institute side. So in the end, a student has to run here and there. But verification with Ethereum is smooth and has errors.
Decentralization
Decentralization is used in the verification process. Hence the chance of a third party to make changes to the documents is removed.
Control and privacy
Blockchain offers the advantage of greater control for students over their credentials. They can choose to whom to access their records or share their credentials.
Smart contracts
The smart contract permits a student to check her documents only when it verifies the student profile.
Interoperability
Ethereum creates a bond between different educational bodies. Hence makes it easy for a person to share his educational history with a completely different institute.
Cost efficiency
Issuing the certificates and the verification of these certificates require a huge amount of cost. Along with the cost the chances of fraud are also very high in the manual verification. Ethereum reduces the chances of all these things. Hence makes the verification proceed more reliable and error less.
How could the Ethereum blockchain impact the educational sector in the future?
Ethereum has a huge impact on the educational system. It ensures transparent and secure record-keeping, easier verification of credentials, and streamlined administrative processes. Hence reducing the burden on the institutes. Also gives more transparency to the students, employees, and the institute. The benefits of blockchain in the educational system are no joke. In the coming years, we will see many more exceptional changes.
Final considerations
In conclusion, I hope you understand when completely reading this article about how Ethereum Blockchain is shaping the educational sector. These are bringing huge changes to the educational system. And the popularity of blockchain in the education system is so important. Even the top global institutes are using this. Because the burden on both the institute and the student has decreased with this.
Data privacy is still at risk with this. However, with the use of a proper two-step verification process, data privacy challenges can be overcome. The process of verification is a very time and labour-consuming process. So the institute chooses a very cost-efficient option by opting the Ethereum.
The narrative of education and the Ethereum blockchain is unfolding, and it offers the possibility to stakeholders to explore, engage, and drive the change toward a future where education is more equitable, verifiable, and accessible. And they are keeping its promise by providing the best technology support to the educational system.
