Interesting ways on how Blockchain can improve the Education system.
Blockchain is one of the emerging technology that shows promising results based on the applications built on top of it, which has picked up acclaim throughout the most recent couple of years for its official cybersecurity capacities. Various Industries have started to see its use in various businesses. The potential uses for the Blockchain should include incorporating it into the education system for better results.
The ongoing evolution of mobile apps and Blockchain technology are at the cutting-edge of advancements in Technology. Many other industries are already utilizing these technologies or exploring ways to do so, and educational systems are growing increasingly disconnected from the realities and needs of global economies and societies. There is a need to urgently update education systems to equip children with the skills to navigate the future of work and the future of organizations.
Currently, millions of Filipino youth are still having a hard time finishing their studies due to poverty. The transition of the school education system to high technology-enabled automation devices will be an advantage since the vast majority of the information platforms are costly and muddled.
CHALLENGES IN THE EDUCATION SECTOR
These are some of the challenges the universities are facing;
Most universities physically process their enrollment. As of now, it is hard for schools to do a constant following on what number of students are going to classes. Just as accepting the installment on schedule for expenses and enlistment, not to mention the long waiting line every semester, this is a problem blockchain will solve because of its automated attribute.
Another issue is the misidentification of students who share common names and issuing of fake/fraudulent certificates.
Companies are having a hard time verifying the data and sorting out class records, as well as more time is used for the verification of the identity and sorting out the class records as well as receiving the payment for every Student. This process takes days and may lead to misplacement of payments due to similar first and last names.
5.1 Billion over 7.8 billion of the global population around the world are using mobile phones, meaning 68% of the population has access to information and resources 24/7. The opportunities for using the mobile as a way to spread awareness and content are limitless, borderless, and instantaneous.
HOW CAN UNIFINITY HELP THE EDUCATION SECTOR?
Cryptocurrencies took over the world by storm. The new technology was obscure to the world just two or three years back but now a commonly recognized institution. Cryptocurrencies became popular due to the financial value attached to it, and it attracted the attention of even the least enthusiastic finance investors. Everyone wanted to trade cryptocurrencies, but few had a detailed understanding of the assets they were about to purchase and trade. Crypto is not all about money and trading, there are other benefits attached to it, some of which can improve your everyday life, not just finance,
and UNIFINITY concept aims to develop a platform that uses Blockchain to bolster our education section, assess the potential and the prospects accordingly. UNIFINITY plans to show us a new world of executive education that is being born in front of our eyes using Tokens deployed on a Smart Contract that serves as an immutable digital timestamp using Blockchain, which one can use across multiple merchant partners using smart contracts over various applications.
HOW CAN THE BLOCKCHAIN HELP EDUCATION SYSTEM?
Blockchain technology can be utilized as a fantastic asset to improve the current education and learning management systems. Blockchain and Artificial Intelligence applied to the education system will improve outcomes while increasing productivity.
The Technology will also help us enhance and implement a new approach to research and development (R&D) in education that mainly focuses on scaling innovative best practices in the use of emerging technologies in teaching and learning.
Other ways Blockchain can improve our education sector involves;
• providing parents with a way to track and monitor their payments,
• ensuring payments are sent directly to the university at low-cost fees,
• providing the ability to monitor student performance and attendance.
• Using Tokens deployed on a Smart Contract that will serve as an immutable digital timestamp using Blockchain.
• Simpler administration using the unified solution
• Reduced risk from theft, fraud, and counterfeiting
• Significantly faster transactions and admin processing time reduced by 80% during peak times since everything is done automatically
• University and bills are paid on time and Parents can set a Parental lock on the Student’s wallet
• Student engagement is enhanced through unique rewards mechanism
To summarize, Blockchain can improve the educational system in numerous ways. Technology is ideal for secure information stockpiling, sharing, and systems administration. With the assistance of this propelled system, numerous procedures can turn out to be quicker, simpler, and more secure. It fills the hole in credentialing, copyright protection, and active correspondence. These standard procedures will unquestionably profit by Blockchain very soon. Let us embrace and enjoy this Technology; we should bolster them, grasp the changes, and figure out how to improve things.
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