Prospective Effects of Blockchain Technology on Online Education
The Effect of Blockchain on Online Education
First created to safeguard cryptocurrency transactions, blockchain technology has since found numerous other applications. After gaining traction in that industry, it was successfully implemented in others with similar outcomes. In light of this, a distributed system has been established to enhance the academic environment.
The proliferation of distance learning has led to a dramatic increase in the amount of data transmitted digitally. During the course of lessons and classes, students, teachers, and even third-party providers all talk to one another. Safeguarding sensitive student information is a top priority for blockchain-based LMSs.
Nowadays, there are dependable training resources available online that can be accessed from any device. Furthermore, specialised tools guarantee that competent writers are accessible to produce targeted content.
In this piece, I’ll go over some of the ways in which I think blockchain technology can boost instructional practises and student outcomes. We will highlight the positive aspects of innovation and call attention to the obstacles that dampen its appeal.
To begin, let’s define blockchain technology.
To understand how blockchain will affect the future of education, you must first understand what blockchain is and how it operates. Blockchain, the technology behind Bitcoin that ensures all transactions are recorded in an immutable and distributed ledger across a network of users, is often thought of as the driving force behind the cryptocurrency. To restate, blockchain is a technology that enables the recording of information that cannot be altered, stolen, or manipulated after it has been recorded. To put it simply, the blockchain is a distributed, shared ledger that exists in multiple copies across the network of computers that make up the blockchain and cannot be altered or destroyed. So, with the aid of the blockchain, we can now collect data and information. Other technologies can be used to organise and analyse this data, leading to new discoveries.
What the Blockchain Means for Digital Classrooms
Collecting Data and Keeping It Safe
In the blockchain system, information is stored in blocks. The blocks are arranged in time and are shown as a straight line. Once data has been saved, it cannot be altered or deleted. However, the saved blok may be modified. At some point, the system will note that X has changed to Y. As a result, the blockchain’s log of data modifications over time is immutable.
Protecting Ideas and Designs
Many important discoveries and innovations have either been sparked by, or heavily influenced by, academic institutions’ research and efforts. People who make their living in the academic field often devote a great deal of time and effort to the development of original works of research. It is crucial in today’s digital-first, data-driven economy to safeguard and, ideally, monetize the outcomes of these educational endeavours.
When applied to online education, blockchain technology improves the quality of the learning experience while decreasing time spent on each subject. Educators can monitor their students’ progress, offer immediate critique, and administer quizzes to check for understanding. As a result, education is more effective than in a traditional classroom, especially for those who cannot physically attend classes. Users who are pleased with their courses’ functionality, upkeep, and data security are more likely to pursue skill development opportunities, and teachers who are content with their workloads are better able to generate new content quickly.
Distributed ledger technology, such as blockchain, maintains a timestamped log of transactions almost instantly. This facilitates grading verification, provides students with an accurate report card, and keeps them abreast of their progress. Students submitting assignments via the blockchain have no recourse if the teacher is later shown to have misplaced the submission.
Contracts that are signed digitally are becoming increasingly important for establishing legal obligations.
Smart contracts will soon be available for use by professors, college administration, and students. Both students and instructors can sign an electronic contract outlining the assignment’s requirements, due date, and grading rubric. Smart contracts could be used in the resolution of student loans.
Online Learning Management Systems That Are Distributed
It’s exciting that blockchain may soon be able to support decentralised classrooms. Users can make money in online communities by sharing their expertise with others and receiving payment in return. This type of platform relies on group decision-making rather than a single authority figure. The advent of blockchain technology allows for the creation of a classroom in which students and teachers can work together without the oversight of a central authority figure. To that end, blockchain technology can improve classroom communication and standardisation.
Teachers can set their own prices for posting lessons on these platforms, and students need only purchase the specific lessons they require.
Like other technologies in the past, blockchain will only be truly effective once it is adopted by a sizable portion of the business community. The value of a graduate’s credentials depends on whether or not those credentials are accepted by employers. Blockchain credentials are still relatively rare, but hundreds of schools have begun issuing and accepting them, and a growing number of online job boards are advocating for their widespread use.