After the successful use of blockchain technology in cryptocurrency, especially Bitcoin, the distributed ledger technology (DLT) is transforming science, technology, engineering and math (STEM) education. However, the DLT is not restricted as a platform for digital coins and could be used to streamline recordkeeping and transactions in every field, particularly the education sector. In short, the real value of emerging technology is much more than the existing use for virtual assets.
In a first move, MIT has delivered blockchain diplomas to graduates last year through their smartphones. It is not only a digitized certificate but also secured one since it could not be easily falsified or lost, unlike a paper diploma. The key factor is that the DLT ensures that this key data is never lost under any conditions. At the same time, it also reduces the conventional clearinghouse or the university as an intermediary to issue transcripts. The new method meant that students could get direct access to their educational records on their smartphones.
Another key factor is that students do not need to have to take the physical paper with them or don’t have to fear about burning down in worst cases and could move around the globe since it is digitalized and secured. This would mean that it would serve as more than a convenient tool. Aside from that, there is also the potential for storing credentials such as badges and certificates on the DLT. Such a scenario would mean that it would be easier for students to shift among universities.
Apart from this, students could have their own educational trajectory as there will not be barriers in transferring credits. Therefore, MOOCs could be completed easily for any meaningful credit leading to a degree. In the end, a student’s complete record of education could be accessed through a button of touch. Any encryption of educational records would allow K-12 assessments to be coordinated better. The emerging technology could also pave the way for longitudinal assessment system tracking achievement relative to an annual test, which differs by state and grade level.
Blockchain could help transform personalized education by enabling an individual to take the appropriate level of the test compared to any retake for the same test for several years. For instance, an eighth-grade student, who passed a tenth-grade geometry test, could be in a position to take forward the accomplishment wherever the individual goes enabling to continue education. The DLT is regarded as the most disruptive one after the iPhone and has the potential to be used in different sectors.
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