Education

In all of the world’s developed countries, the field of education is a central focus. This is due to the fact that the future of other important areas, including science, medicine, agriculture, industry and almost all others, is dependent on the country’s education levels.

Not only private but also many state educational institutions are either getting ready to implement blockchain-based tools, or they are conducting research which will enable the strengths and weaknesses of implementing blockchain technology in education to be identified. Let us review the issues faced in the field of education, ways of solving them using blockchain technology, and examples of perspectives on implementing blockchain technology in this field.

If the majority of the students agree that lectures were not delivered, no students will be charged. Students now hold a leverage for the university to act truthfully. Blockchain brings transparency to the system. Hence goodwill donators can be assured that their money was put to good use. They would be able to see where exactly the money was spent.

The smart contract can be deployed on multiple computers around the world (Ethereum Blockchain). The smart contract once deployed cannot be altered. No single entity can control the entire deployment. Hence blockchain enables to build a system that is truly democratic.