Technology is permeated across different areas of education. You can hear about schools that use AI for grading, VR for making classes more engaging, and drone for the practical application of coding. One of the promising innovations that can change the education sector is blockchain.
The value of blockchain lies in its decentralized design. Just as Bitcoin uses this ledger technology for storing information and value, education can use blockchain for record-keeping. Important information would be safely stored, and the risk for tampering or removal of data by the third party would be eliminated.
The application of blockchain in education could bring:
- Increased transparency
- Incentive for learning
- Accountability through smart contracts
Speaking of the rise of blockchain, just consider that last year, 13 major crypto projects came together to launch The Blockchain Education Alliance. This initiative came to existence due to the fast-growing blockchain workforce, and it aimed to provide university students with the connections and knowledge necessary to succeed in the blockchain field of business.
Blockchain is still in its early stage of introduction to the industry of education. However, considering its benefits, more companies and educational institutions are getting on board and supporting the use of blockchain in education.
Here are the companies that aim to upgrade the outdated educational system with innovative and advanced blockchain technologies. These are the companies that deserve your attention in 2021.
Odem is a Swiss company founded in 2017 with one powerful goal – to bring blockchain to education.
Their mission is to upgrade the outdated infrastructure on which education was built. They made investments towards expanding learning platform that allows students to control their academic records and own them indefinitely. All of which is enabled thanks to blockchain storage.
As they claim on their website, “In modernizing traditional registrar activities, students can instantly access academic records while also giving educational institutions new opportunities to combat academic fraud.”
The ODEM ledger locks in students’ choice of courses as well as courses that each professor taught based on smart contracts that both parties consent on. This boosts the reputations of students and professors as they have a permanent record of their achievements.
ODEM’s “skill badges” serve as a testament to students’ and professors’ growing skills in specific areas. By observing these badges, students can access which professors and courses would suit them best, while professors can monitor and review students’ growth.
With Odem’s blockchain-enabled payment solution, all cross border payments are secure and transparent. ODEM tokens also allow for more reliable transitions regardless of currency, banking, country, or restrictions.
Blockchain can be applied for credentials verification, and APII is the proof of that. This London-based company combines machine learning, blockchain, and smart contracts for the purpose of validating professors’ and students’ academic credentials.
The way APII works is that users create a profile and enter their academic background (including transcripts). APII’s software puts blockchain to use to verify that information and embed the users’ data into the blockchain.
APII enables educational institutions to supervise incoming professors and students and create unyielding records for alumni.
Parchment is a digital credential service created for students, academic institutions, and employers to upload and review developmental progress.
What Parchment brings to education is an opportunity to:
- Enter and manage students’ records
- Access educational information
- Oversee students’ academic merit
- Process applications
- Issue diplomas
In collaboration with IBM, Sony Global Education formed a blockchain platform that “creates a new educational infrastructure for a connected society.”
It allows educational institutions to include on a ledger the pertinent student information like student’s academic achievements. This comes in handy for streamlined collaboration between schools as they can share students’ learning history without any trouble or delay.
Overall, Sony Global Education’s blockchain solution helps educational institutions to keep digital transcripts and payment records for students.
However, their contribution to education doesn’t stop there. They also host a worldwide math competition that is held online called Global Math Challenge. The certifications that participants receive also become a part of their permanent score report.
Disciplina offers the education industry reliable assessment, automation of processes, and optimization of student-teacher interaction. They utilized blockchain to create a unified register of academic qualifications and achievements.
What makes Disciplina unique? The company justifies its value by explaining that
“the DISCIPLINA’s blockchain architecture is developed from scratch specifically for the needs of the educational and recruiting spheres. DISCIPLINA will allow the creation of 100% reliable profiles with information on educational and career achievements.”
Their decentralized algorithms use an automated scoring system that assigns students’ scores based on their achievements. These scores are used by universities to determine students’ learning plans based on their acquired knowledge.
Disciplina also has a network of the DISCIPLINA blockchain called the alpha-version. The Student App enables students to oversee their educational history, and the Educator App incorporates professors’ profiles, including their teaching styles and course offerings.
The blockchain industry is growing and changing every day. Companies that recognize the value of blockchain and use it for educational upgrades are the companies that deserve our attention.
Educational intuitions are responsible for nurturing the leaders of the future, and blockchain technology is the technology of the future. The only logical step would be to connect the two and prepare students to embrace technology and a streamlined system.
Moreover, blockchain can increase the security of data and help educational institutions to automate and centralize their activities.
Overall, blockchain and companies that support its use in education are the change that will revolutionize education.
Author’s Bio: Kristin Savage nourishes, sparks, and empowers using the magic of a word. Along with pursuing her degree in Creative Writing, Kristin was gaining experience in the publishing industry, with expertise in marketing strategy for publishers and authors. Besides working as a freelance writer, Kristin works as an editor at Subjecto, a free source of flashcards and essay samples. In her free time, she likes to travel and explore new countries around the world.