How Blockchain Technology Is Expanding The Frontiers Of Education
From digital tokens to play-to-earn games, blockchain technology has disrupted various industries. Today it enters the education sector.
From cross-border payments to synthetic assets, blockchain distributed ledgers and their tokenization tools have created powerful financial products that can be accessed worldwide.
While blockchain is democratizing finance, its usefulness need not be limited to cryptocurrencies. Another sector that carries as much weight as finances and needs immediate restructuring is education.
The current system is not suitable for all students equally. Some have greater access to higher education, while others struggle to achieve the bare minimum, which was especially observed during the pandemic.
So to ensure such inequality never happens again and all students have access to a first-class education, there must be a solution that fundamentally changes the education system from within, and many believe that blockchain technology powering the metaverse is the way to go.
Blockchains can make structural changes in education
The distributed ledger technology can have a significant impact on how teachers and students interact and how academic documentation is done.
Educators can program lessons and curricula on a blockchain by using smart contracts. In addition, smart contracts can distribute academic credits to students after completing all course modules.
Aside from automation, blockchains excel in rights management and privacy protection. As a result, researchers attempting to publish their papers can retain full ownership of their work and avoid traditional publishing 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, leaving them vulnerable to single-point failures. To overcome this, institutions need decentralized file storage systems. They ensure that data is safe and that no third party can change student data. In addition, it costs significantly less compared to cloud storage.
Education meets Metaverse for immersive learning experiences
While blockchains greatly improve the efficiency and security of business and academic processes within educational systems, it alone does not solve the most important problem: student engagement.
Since the pandemic, online learning has become the new normal for students. While online tools have made education more accessible, they still fail to deliver immersive learning experiences.
This is where metaverses step to the plate. Blockchain-powered metaverses can transform online learning environments into virtual spaces with enhanced social interaction and gamified learning techniques.
While education in the metaverse is a fairly new concept, there are projects such as: edvers make progress. Edverse creates the most immersive and insightful educational metaverse on blockchain by bringing together educators, students, promoters, creators, and institutions.
Edverse also places great value on gamified learning. They are introducing tokens and NFTs to incentivize all stakeholders for their contribution and participation. Similar to play-to-earn, Edverse also includes learning-to-earn and wear-to-earn incentive models.
Educators can convert their learning modules into NFTs and sell/rent them on an open marketplace. And when students complete these modules, they earn experience points that 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 custom courses and advertise on a global stage.
In addition to gamification, Edverse raises the bar for global learning standards. It encompasses learning paths from preschool through grade 12, with a focus on skill strengthening, physical strengthening, and ancient sciences.
New education revolution just around the corner?
Education is one of the largest untapped industries in the world in terms of technology. Many online platforms and tools enhance the medium of learning at scale, but the experience remains old-fashioned.
The use of blockchains can structurally change the way education is available to students and eliminate the problems with academic documentation and evaluation. Metaverses with blockchain solutions and advances in VR/AR are needed to make that next leap into the digital-first world for the education sector. With increasing awareness and widespread adoption, it’s not too far fetched to see institutions and learners starting to use blockchain in some way in the near future.