How Does Blockchain Benefit the Education Industry?



The inclusion of blockchain into education can effectively help make things decentralized, thus providing more control to the real users.

- Blockchain is a fast-emerging technology that has effectively disrupted many industries over the past decade through its first-of-its-kind middleman-free, decentralized system of digital data transfer, security and payments. Contrary to what many people and even some experts might think, blockchain is not exclusive to finance and digital payments. As a decentralized, distributed ledger technology (DLT), blockchain has the power to do good in many sectors, including education.

Education and blockchain

The education industry is one of the fastest-growing markets. However, there are still many problems of this industry that can be solved with the integration of various technologies.

For example, education in many regions around the world is still mostly dominated by centralized entities like schools, institutions, even governments. These institutions have full control over what and how education is provided to students, with students or their parents having little say in the matter.

The inclusion of blockchain into education can effectively help make things decentralized, thus providing more control to the real users, i.e. students. They can choose the subjects and courses they want to study and interact with and learn from real teachers globally.

At the same time, blockchain can help with the security aspect of online education. The instances of students data breaches and theft are not new. Simultaneously, the use of fake identities and stolen records are also common in this industry. All this can be solved with the use of blockchain technology. Blockchain can provide a decentralized database for securely and transparently store students data and records in an immutable manner such that data can be verified easily in case of a dispute. Also, the data stored on a blockchain cannot be corrupted and is nearly impossible to breach.

These are many other benefits of blockchain in education, such as:

Easy online verification of students data and certificates

All student data like certificates, records, credentials, etc. are safely stored on a blockchain and can be shared with anyone and accessed using a unique QR code for verification by institutions/companies. This ensures the data is genuine and cannot be accessed without authorisation.

Increased security & efficiency

Not only does blockchain provides impenetrable security for student data and records but also it helps increase efficiency by allowing institutions to quickly access and verify data (with students permission) as and when needed. This helps save time and increases the overall efficiency of the process while ensuring complete security of the data.

Benefits of Edutech businesses

Businesses in the edutech space can use blockchain technology to connect with and provide education services to students on a global level with full transparency and privacy. This will also enable students from all corners of the world to learn from the best teachers no matter their location or background.

Easy & fast, cross-border payments

And of course, you can use blockchain-based digital currencies to pay or accept payments of school fees, courses, etc. Blockchain payments are fast, secure and involve minimal fees per transaction, even for cross-border payments.

As more people are becoming aware of the importance and significance of blockchain technology, the demand for formal education is increasing. To meet this demand and to ensure everyone gets the best blockchain education & training from experts, Libra Ecosystem (https://libraecosystem.com/) has partnered with Indian Blockchain Institute (IBI) to start a dedicated blockchain institution in the country. The program intends to train people in blockchain programming and create more opportunities and carer offers for youngsters in the country.<


Visit This Website