How Blockchain Technology Expands the Frontiers of Education
From digital tokens to play-to-earn games, blockchain technology has disrupted several industries. Today, he enters the education sector.
From cross-border payments to synthetic assets, distributed blockchain ledgers and their tokenization utilities have created powerful financial products that are accessible worldwide.
As blockchain democratizes finance, its usability need not be limited to cryptocurrencies. Another industry that has the same clout as finance and needs immediate restructuring is education.
The current system does not address all students equitably. Some have more access to higher education, while others struggle to get the bare minimum, which has been mostly seen during the pandemic.
So to ensure that such a disparity does not happen again and that all learners have access to top-notch education, there needs to be a solution that fundamentally changes the education system from within, and many believe that the blockchain technology that powers the metaverse is the way to go.
Blockchains can bring structural changes to education
Distributed ledger technology can have a significant impact on how teachers and students interact and how academic documentation is done.
Educators can schedule lessons and programs on a blockchain by leveraging smart contracts. Additionally, smart contracts can distribute academic credits to students after completing all course modules.
Besides automation, blockchains excel in rights management and privacy protection. As a result, researchers attempting to publish their articles can retain full ownership of their work while avoiding traditional publication procedures.
For educational institutions, blockchains reduce the burden of file storage and document verification. Currently, most institutions use centralized cloud servers to store student data, which makes them vulnerable to point-in-time failures. To overcome this, institutions need decentralized file storage systems. They guarantee that the data is secure and that no third party can modify student records. Plus, it costs considerably less than cloud storage.
Education meets the metaverse for immersive learning experiences
While blockchains greatly improve the efficiency and security of business and academic processes within education systems, they alone do not solve the main problem: student engagement.
This is where metaverses come into play. Blockchain-powered metaverses can transform online learning environments into virtual spaces with enhanced social interaction and game-based learning techniques.
While education in the metaverse is a relatively new concept, there are projects like Edverse that are making progress. Edverse creates the most immersive and insightful educational metaverse on the blockchain by bringing together teachers, learners, promoters, creators, and institutions.
Edverse also values playful learning. They are introducing tokens and NFTs to incentivize all stakeholders to contribute and participate. Similar to play to win, Edverse incorporates learn to win and wear to win incentive models.
Educators can turn their learning modules into NFTs and sell/rent them on an open market. And when learners complete these modules, they earn experience points which can be exchanged for $EDV tokens. Edverse is also suitable for educational institutions or promoters. They can buy, create and rent co-learning spaces to launch new personalized courses and advertise on the world stage.
In addition to gamification, Edverse raises the bar for global learning standards. It covers learning pathways from kindergarten to grade 12, with a focus on skill empowerment, physical strengthening, and ancient science.
New educational revolution around the corner?
Education is one of the largest industries in the world that remains technologically untapped. Many online platforms and tools are improving the medium for learning at scale, but the experience is still old-school.
The use of blockchains can structurally change the way education is available to students and eliminate issues with academic documentation and assessment. Metaverses with blockchain solutions and advancements in VR/AR are needed to take that next leap into the digital world for the education sector. With growing awareness and widespread acceptance, it is not too difficult to see institutions and learners adopting blockchain to some degree in the near future.