Blockchain Technology: Transforming The Future Fabric Of Education System

Abstract

Blockchain technology has a significant impact on national governance, institutional functions, business operations, education, and daily lives in the 21st century. It transforms the current Internet from ‘The Internet of Information Sharing’ to ‘The Internet of Value Exchange’. It is a part of the fourth industrial revolution. Blockchain is a novel revolution in the domain of computing enabling limitless applications such as storing and verifying legal documents including deeds and various certificates, healthcare data, Internet of Things (IoT), Cloud and so forth. Educational institutions and learners can store more data. It is undoubtedly suitable in developing nations where ensuring trust is of a major concern. It has a great potential for broader application prospects on formative evaluation, learning activities design and implementation, and keep tracking the whole learning processes of both the learners and teachers. This paper tries to explore novel technology blockchain in education. It can be used to enhance library and information services in schools, colleges and universities. Hence it is used in the regulation of contracts and payments, to assess learning and to record academic progress, a kind of Uber for learning. It can store a complete trustworthy set of record of educational activities including the process and results in formal as well as informal learning environments.