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The digital world is no longer the same as it was a decade ago. New technologies, features, tech stack, tools, etc, are revolutionizing the competitive digital landscape with a tremendous approach. Similar to other powerful technologies, Blockchain Technology is one of the top technologies that is transforming the impossible into possibilities.
Currently, blockchain technologies are being utilized in the educational sector, where attendance records and diplomas are securely stored without relying on third parties. More than just a buzzword, the blockchain in the education sector is quietly changing the traditional systems that reshape the benefits of institutions, educators, and students.
But here comes the real question: How big is the blockchain in the education market?
As per the latest reports given by the business search insights, the blockchain in the education sector is expected to experience a significant growth of 9.39 billion dollars in 2033 with a CAGR of 43.94%. From the latest statistics report, the domination of blockchain in education is expected to skyrocket.
If you are ready to witness the transformation of classrooms to chains, then this blog is for you. Get a closer look at how blockchain in education will rise.
But, before that, get a look at…
Current Challenges Faced in the Education System
The global educational system is witnessing a rapid shift with digital transformation. Numerous challenges are faced in the current educational system by students, educators, and institutions. Some of the most peculiar challenges are,
- Data Breaches – As the educational system stores a vast amount of sensitive information about students, the industry is facing a lot of hacking issues. Presently, data theft has become a serious problem in the industry.
- Verification Issues – With the manual verification, usually, wrong or incorrect information is entered. Also, the manual verification seems to be time-consuming and expensive for various institutions.
- Slower Approvals – Many educational institutions are struggling with slow and manual approval cycles, from grading to certification and accreditation.
- Paper-Based Process – The traditional educational system is dominated by paper-based workflows, which often lead to inefficient administrative processes.
These shortcomings of the educational sector are now replaced with modern technology like Blockchain. The blockchain in education emerges as a game-changer that offers transparency, decentralization, and security.
Let’s get a glance at the adoption of blockchain technology in the education industry.
How is blockchain redefining the Education industry?
The blockchain technology is utilized for its decentralized, transparent, and secure system. Various educational institutions, academic centers, and students are presently using the technology to store their data securely. Apart from that, they are also used for academic credential storage, e-transcripts, and the verification process.
With the help of smart contracts, the blockchain technology executes the education-related process in a fast and reliable way. Also, the blockchain in education platforms ensures trust, accountability, and lifelong access without any technical hassles. In a nutshell, the blockchain utilization in education is growing rapidly.
Why integrate blockchain in education systems?
Utilization of blockchain technology in the education sector is reshaping traditional systems and addressing various technical issues. Unlike other technologies, the blockchain is used for various benefits. Some of the top reasons are,
Transparency
The blockchain, aka digital ledger, is well-known for offering transparent storage with high-tech security features. Every credential, grade, certificate, etc, is stored securely and can be viewed without any restrictions. Also, they can be time-stamped and tamper-proof, which helps to avoid fraud.
Security
As the educational system handles a vast amount of student data and information, it is essential to make it resistant to data breaches. The blockchain technology possesses multiple security protocols and is immutable; the chances of hacking or data breaches are zero.
Efficiency
The blockchain technology is well-known for its automation and speed, where every task is executed with smart contracts. Every task is completed efficiently, which minimizes human error and reduces paperwork.
Global accessibility
With global accessibility, students can access and share their educational credentials anywhere in the world. This ensures a universal education identity that transcends geographical and institutional boundaries.
Cost-effective
The traditional educational systems require multiple intermediaries, manual processes, and higher administrative costs. But the blockchain network helps to streamline the complex process without much cost.
Through these, it is evident that blockchain in the education sector offers a transparent, secure, and globally connected learning ecosystem. As it redefines the foundation for educational institutions, let’s take a look at how they are utilized for various applications.
Key Application Of blockchain in Education
Currently, the blockchain integration is redefining the educational systems with its efficient benefits. Some of the popular key use cases of the blockchain in the education industry are,
Credential Verification
The academic credentials that include degrees, certificates, and other student information are verified with blockchains. Unlike the traditional method, the blockchain stores the credentials on an immutable ledger that ensures authenticity and security.
Record Management
With the decentralized storage system, the blockchain ensures the management of the academic record from registration to validation without any technical issues. The stored data is secure, accessible, and consistent across institutions.
Course Enrollment
The blockchain integration in the educational system simplifies the course registration process without any hassles. A transparent record of students’ eligibility, prerequisites, and enrollment can be cross-checked. The smart contracts of the blockchain network automate the enrollment process once the conditions are met.
E-learning Platform creation
The blockchain technology enhances the e-learning experience of students by offering a decentralized platform. Through the blockchain-powered platforms, students can access the verified courses, earn certifications, and track the learning process.
Research Property protection
The blockchain-based educational platforms secure the time-stamping and ownership of the academic research and intellectual property. Through this, researchers can record their progress, which ensures authenticity and prevents plagiarism.
Transparent Scholarship
Academic scholarship distribution can be done smoothly with the blockchain integration. Every step of the application, approval, and fund release can be tracked by the students. Without any bias or technical issues, students can receive their scholarship funds.
E-transcript Management
Universities and educational institutions are managing student transcripts with blockchain technology that reduces logistical issues. The technology simplifies the transcript sharing process and enables instant access.
Even though the utilization of blockchain technology is in its initial stage, they are offering multiple key use cases. The integration of blockchain in education paves the way for a smarter, safer, and more efficient ecosystem. In the real world, many futuristic institutions are utilizing blockchain technology. We have mentioned them in the next section.
Real Life Example Of Blockchain-Powered Education Systems
Presently, multiple educational institutions are utilizing blockchains for various purposes. Some of the top examples are listed below,
- Blockcerts – A blockchain-integrated system that issues verifiable digital diplomas and courses. Graduates can securely share their credentials with employers.
- Sony Global Education – Collaborated with IBM, the digital platform helps students manage multiple course records in a single interface.
- Woolf University – The blockchain-powered university utilizes smart contracts to manage course enrollment, attendance tracking, and academic credits.
- Bitdegree – The platform offers students crypto tokens as rewards for completing courses that add value.
- ARTiFACTS – The blockchain platform allows worldwide researchers to register and share their research outputs with verified timestamps. Through this, the ownership is verified rightfully.
These are the popular applications that are utilized now for higher transparency and security. Through these, the creation of blockchain-backed educational systems has increased among newbie startups. The development process is not that daunting a task. The next section is about the creation process.
How to Create Blockchain Education Systems?
Creating a blockchain-based educational system requires a clear approach with an experienced blockchain development company. They help you in redefining the purpose of deploying it for public utilization. The step-by-step method to create a blockchain education system has been listed here.
Step 1: Purpose Identification
The foremost step before the development process is the identification of the need for creation. Here, the pain points, market trends, and user expectations are discussed for creating the blockchain-based education system.
Step 2: Blockchain Choice
Presently, there are numerous blockchain networks used to create a potential educational platform. Based on the blockchain’s scalability, security, and accessibility, they can be chosen. Some of the top blockchain networks are Ethereum, BNB Chain, Polygon, Solana, etc.
Step 3: Architecture Designing
After the choice of the blockchain and purpose identification, the base architecture of the system has to be designed. This ensures finalizing the data flow, smart contract mapping, blockchain integrations, security protocols, etc.
Step 4: Smart Contract Development
Smart contracts are the backbone of the blockchain-based educational systems. They execute the tasks automatically when the predefined conditions are met. The smart contracts are created with features and high-tech functionalities for smoother executions.
Step 5: Platform Testing
Once the smart contracts are deployed, the system has to undergo a thorough testing process to ensure reliability and performance. Functional testing, unit testing, security testing, and load performance testing are done to validate the blockchain-based educational system’s real-world usability.
Step 6: Mainnet Launch
After the testing process is done, the platform is ready for Mainnet deployment, where the educational system is ready to be used. Onboarding of institutions, educators, and students is also done in this deployment phase.
Step 7: Post-Launch Support
Even after the successful launch process, it is essential to integrate new features, upgrades, performance monitoring, and user feedback. This helps to keep the system effective and scalable.
By following these efficient steps, startups and educational institutions can build a full-fledged platform to empower students. As blockchain networks are integrated, advanced-level tech stacks are utilized for the creation process.
Tech Stack Utilization for Blockchain Education Applications
Due to the key applications of blockchain in the education sector, they are widely adopted with high-tech tools. Here, we have listed some of the top tech tools.
Blockchain Platform
Among numerous blockchain networks, a potential platform is used for integration. Based on the blockchain type, the scalability, performance, and speed differ.
- Public Blockchains – Ethereum, Solana, Polygon
- Private Blockchain – Corda, Hyperledger Fabric
Front-End Framework
The front-end framework ensures a user interface that interacts with the student for higher engagement.
- Website – React.js, Next.js
- UI Libraries – Tailwind CSS, Material-UI
- Web3 Integration – Ethers.js, Web3.js
Back-End Framework
The back-end framework takes the responsibility to handle the server-side logic, APIs, and communication.
- Languages – Node.js, Python
- APIs & Servers – Express.js, GraphQL
Smart Contract Tools
The smart contract automates the process, like credential issuance, verification, and payment, with self-executing blockchain codes.
- Languages – Solidity (Ethereum), Rust (Solana)
- Frameworks – Truffle, Hardhat
Database Storage
The database stores the off-chain data, such as user profiles, course materials, and metadata, securely.
- Storage – IPFS, Filecoin
- Cloud Services – AWS, Google Cloud
Security Protocols
The security protocols ensure the end-to-end data protection and compliance with privacy standards in education systems.
- Encryption – SHA-256, AES-256
- Auditing Tools – MythX, OpenZeppelin
With this tech stack and simple development process, the blockchain-backed educational platforms can be created. But, potential blockchain development company is essential to execute the development process smoothly. One such well-known blockchain development company of the decade is Pixel Web Solutions.
To Conclude,
Pixel Web Solutions is a well-known blockchain development company that offers the best solutions to create an education-based platform. With 12+years of technical experience in the crypto market, our developers help you craft the platform that aligns with your business needs. Also, our blockchain development solutions are affordable, customizable, and reliable, which suits the startup cost estimation.
Our development team helps you curate the platform with efficient features, security mechanisms, and user-friendly designs. Apart from blockchain development, we are also offering crypto exchange solutions, wallet services, DEX solutions, etc.
Connect with our business team to reap success in the competitive digital landscape!
