5) Online Education Platforms:

Digital ledger-based online education platforms are helping students gain access to quality education with minimal costs. The emergence of digitized educational platforms like BitDegree and Blackboard has made learning easy and transparent for many students who could not afford it. These platforms reward students for acquiring knowledge that can later be exchanged for other services or goods.

6) Fraud Prevention: 

• For the educational system, it could reduce fraud and make record-keeping easier.
• It allows for all interactions to be logged onto a secure distributed ledger, which means there is no risk of tampering with records after they have been entered.
• A good example of this is the University of Bahrain, which has become the first institution to issue digital diplomas using a cryptographic ledger from Blockcerts, an open standard for issuing and verifying educational credentials on the blockchain.

7) Skill Verification and Credentialing:

This can also be used to verify skills such as language proficiency or software development skills, helping students stand out when applying for jobs or internships. By allowing students to share verified skills with employers directly through their online profiles as well.

8) Autonomous Systems of Quality Assurance:

• The use of digital ledgers can lead to increased automation and a decentralized quality assurance system.
• Students will be able to use their credentials from one institution to another without any hassle with a decentralized validation system.
• It can create a potentialized automated method for quality assurance (QA) in higher education courses and systems through self-executing smart contracts that contain programmatic terms. These contracts are automatically executed once certain conditions are met, allowing institutions to release payments when those conditions are fulfilled.

9) Transparency in Administrative Operations:

Cryptographic ledger’s implementation can lead to greater transparency in administrative operations such as allocation of financial aid, tracking fees, etc., and reduce frauds as well as errors arising out of human intervention. This will result in the elimination of paperwork for students as well as teachers.

10) Identity Management for Students:

A digital ledger-based identity management solution could not only provide a secure repository for student details but also provide students with autonomy over their information. The students would have control over who can see their data and who cannot.

11) Automated Authentication and Verification:

This enables the educational institutes to automatically authenticate and verify the credentials of individual students in a cost-effective way, which is especially useful for international students.

12) Plagiarism Control:

Plagiarism is considered a serious offense in the academic space wherein it is important to validate that the originality of the content has been maintained at all times. Educational organizations can use this method to ensure that all assignments submitted by students are authentic and original, as well as track any updates made to the content over time.

13) Certificate Ownership:

It empowers academic institutions to securely store digital certificates and credentials on a decentralized ledger, thereby ensuring that the certificate cannot be tampered with or altered in any way whatsoever. Students will have complete control over their certificates.

14) Smart Payments for Tuition Fees and Donations:

The decentralized public ledger system can help reduce fraud in the payment system. It also ensures direct payments from one party to another without any intermediary. In other words, it removes the need for third-party institutions like PayPal or banks to make payments and donations.

Automated Smart Contracts:

Smart contracts use digital ledgers to automatically transfer payments based on conditions set by both parties involved in an agreement without any intermediaries required. It can help with many payment and transaction-related issues. It could be used to automate tuition payments and also manage student loans and other financial aid, as well as scholarships. This eliminates the need for third-party intermediaries and reduces costs for both students and universities.

15) Aggregated Data Security:

It can help protect the private data of students at all educational levels—from K-12 to higher education. The decentralized feature of blockchain makes it impossible to hack into data storage systems and steal the private information of students. This can be a game-changer when it comes to protecting student privacy while they are using online learning platforms and e-learning apps.

16) Student Loan Management:

 

• Student loan management is another area where a public transaction ledger can be used to streamline the process, reduce costs and increase efficiency.
• Right now, student loan management is a difficult task that involves lengthy paper trials, human errors, loss of documents, delays in approvals, etc.
• This technology can help manage the entire process from funding to repayment without any manual intervention or errors.
• It eliminates the need for intermediaries as smart contracts can be used for every aspect of the student loan management process from disbursement to verification at every step in between.

17) Cheating-Free Exams:

• This network can be used to conduct tests online without the risk of cheating or using other resources like mobile phones or books during exams.
• The main benefit of using this network is that once data has been recorded on it, it cannot be altered retroactively without altering all subsequent data in the chain as well.

The end results are beginning to flow in, a vast majority of market players, industry analysts, and researchers believe that blockchain technology will be increasingly adopted by specific industries. These beliefs have been shaped by the number of projects directed towards the educational sector, such as Coursera, EdX, to work on a pilot. This makes it evident that digital ledger has already become a stronger fixture in the education sector by 2022.

Conclusion:

Blockchain will significantly change the educational ecosystem in 2022. The technology can be used for course management which will result in students getting a secure and solid portfolio, digital badge as proof of their achievements, and will connect to the employer’s database with verified information about each student’s skills and achievements. This way, distributed ledger ensures that there is no duplicate course content across different schools, efficient educator and student resource allocation, timely completion of transactions without any transaction fee, etc. Thus, it will transform the entire education ecosystem globally and lead to an exciting, empathetic, and secure future for the younger generations.