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One of the fastest-growing technologies in this modern-day world is Blockchain. Right from the beginning of the internet to the onset of cryptocurrency, the world of tech and connectivity has come a long way.
Blockchain is the foundation technology behind cryptocurrencies. And it is now widespread in investment, banking, and even the digital creativity domain. But did you know that blockchain has created a number of use cases in the education sector as well? Before we dive into it, let’s understand what Blockchain is all about!
What is Blockchain?
To understand Blockchain, you have to think of it as a ledger. It’s a decentralized ledger system or a database that contains ‘chains of blocks’ that store information. The information or data can be transaction details, personal details, or any random information under the sun.
You might think this is possible through electronic data storage systems as well. But Blockchain is much more secure, and it's an exceptionally secure system that safeguards against theft and loss. Apart from being superiorly secure, Blockchain has made data sharing between authorized teams more transparent and easier to manage.
Types of Blockchain
Public Blockchain that anyone can join freely and contribute to it. These are the ones that don’t have any authority over them.
Permissioned Blockchain works on an invite basis and the members are verified. Only invited members can contribute to this type of blockchain.
Private Blockchain is more or less like Permissioned blockchain but they are owned and managed by a single organization.
Why Blockchain is important?
Blockchain is very important from the perspective of data. They have transformed the way data can be stored in large sectors in the world such as healthcare, manufacturing, and especially education. A number of advantages that Blockchain brings to growth are that it promotes – speed and traceability of data keeps transparency in check, offers a reduction in maintenance costs and recordkeeping, and is an excellent way to maintain efficiency in systems, teams, and data management.
Today, even in the education space, universities, schools, and institutions are adopting blockchains. This is not just effective in improving the quality of education, but also empowers faculties and management to create better methodologies for the engagement of students. In addition to this benefit, it also helps stakeholders in verifying the veracity of educational qualifications of student applications.
If you are interested in learning about Blockchain Development and building a career that’s relevant in all fields, then you should definitely check out this course Blockchain Development on EOS Platform by Knowledge Kafe!