Blockchain technology has been impacting the world in a big way. Not just finance, but many other industries, such as education, travel and more can benefit from blockchain technology. In this article, we’ll discuss how blockchain technology is revolutionizing online learning with the example of Green Uni Network.
Blockchain Technology in Online Education
Many educational institutions are experimenting with the use of blockchain technology in improving online education. They are using the technology primarily as a way to protect data and make processes faster and more cost-effective. Let’s find out how.
What is blockchain technology?
Blockchain is a distributed ledger technology (DLT) that verifies and stores information/data on a public database distributed between thousands or millions of nodes in such a way that it makes it impossible to hack or change the information.
Blockchain operates on the concept of decentralization and maintains an immutable record of transactions.
How blockchain can be used to improve online education
Online learning uses the internet but is prone to problems such as centralized entities, intermediaries, limited access, and lack of security & transparency, among others. Blockchain tech can help resolve some or all of these problems. Here’s how.
1. Secure storage & tracking of data
All information and transactions on the blockchain are encrypted and stored in blocks to form a chain of interconnected blocks. Data once saved on the blockchain cannot be edited or deleted, as the network is public and everyone (all nodes) in the network will know if someone tries to edit/delete information. This also makes it the most transparent way to store information because all transactions are public records and can be easily verified in case of a dispute.
2. Secure sharing & verification of digital certificates
Verification and validation of educational documents have always been a big concern for organizations around the world. First, there are limited ways to securely share your personal data or records with others without compromising your privacy. Furthermore, organizations have no credible way to verify and validate the information provided by a candidate.
Because blockchain is a global, public network, it can be used to securely share educational records, certificates, etc. with others and the same can be verified for authenticity by all nodes in the network.
3. Cryptocurrencies for rewards
Blockchain-based cryptocurrencies can act as a wonderful way for institutions to reward their top students. Cryptocurrencies like bitcoin are valuable and will be welcomed by anyone who receives them. This also provides a credible way to reward students based on performance without bias.
4. Decentralized online learning & diplomas
Blockchain-based decentralized platforms are a reality now. Green Uni Network - A decentralized platform for European diplomas in IT and computers is a good example of how blockchain is improving online learning and enabling more and more people worldwide to access affordable & high-quality education without the need to leave their homes and career.
The Green Uni Network provides students with access to a suite of global platforms, through which they can learn from top educators and receive diplomas from European universities while using the native Greeny Token to pay for fees and getting rewarded for it.
Conclusion
Blockchain technology is already revolutionizing online learning. Green Uni Network is just one example, and we can expect to see more companies in the online learning space venture into blockchain for the ultimate benefit of students and learning.