Blockchain technology is growing at a massive rate across the world. Also, the Business community is seen as a vast expansion. The Business community in India is also growing enormously with more and more individuals and investors joining. The sole program of Business community India is to promote and create a translucent and decentralized body for digital currency. It aims at making the community bigger by adding more participants to it.
The advance technique is dissipating its significance beyond digital currency. With the invention of the steam engine, electricity, and IT, Blockchain technology is beginning to pertain to various areas such as finance, education, judiciary, and commerce. Under education, Blockchain technology has revolutionized the problems in this particular system. Business is also responsible for promoting the development of a knowledge-based economy on a global scale. Education under the Business community is characterized by consensus, transparency, and permanence.
Blockchain technology represents the above characteristics as it promotes consensus because of its record-keeping platform recognition. This technology and also the community is transparent because the participants can download and substantiate the ledgers. The ledgers present here cannot be altered, that's why it's permanent. Blockchain Technology also promises experimentation and innovation in the education sector. Let us now learn, how Blockchain technology is revolutionizing the education
Ways through which Business is revolutionizing the education industry
Some of the ways from which Blockchain technology has a high impact on education are as
Student record and credentialing
The education sector is transforming to a personalized model. There is more learning taking place after the classroom sessions. Students can learn from various sources throughout their lifetime. Blockchain technology offers the prototype for secure collection of the student's records and sharing the competency indicators. It includes academic records, badges, certificates, citations, recommendation letters, etc.
Blockchain technology can be used as a wonderful system of payment. Higher education is evolving in a distributed model. It offers the internet2 net+ initiative approach for providing the various ranges of application, computing, and other cloud-based activities. While Business peer-to-peer transaction facility fits into all the above efforts. The technology-based smart contacts, distributed and encrypted digital transactions, are more than the two parties.
Copyright and digital rights protection
Blockchain technology has the power for managing, share, and protect digital content. Hence, it is the ideal technology for helping researchers, faculty members, and higher education principals. It can create the intellectual property, share it, and also assist in controlling how it will operate. Here Business is important for the evolution of the community content repositories or libraries. It can be used in curating digital content, digital rights, etc.
These are some of the methods through which Blockchain technology is impacting or revolutionizing the education sector. As the Business community, India is growing and many people are participating in it. The impact on education and other areas of Blockchain technology keeps increasing. Anyone can become a part of this Business community, no matter what age and gender.